Ecuador sets new banana export record

Tue 01/12/2020 by Richard Wilkinson
Calls for supply regulation to protect banana prices 

Ecuador expects to set a new record for banana exports in 2020, despite the logistics obstacles caused by the Covid-19 pandemic. In the first ten months of the year, the world’s number-one banana producer has shipped over 7% more volumes than in the same period of 2019, reaching over 315 million boxes. Data published by the Banana Marketing and Export Association (ACORBANEC) shows that the EU remains the main market for Ecuadorian bananas (26.9%), followed by Russia, the Middle East, the US, East Asia, the Southern Cone. What’s more, growth of over 20% has been recorded for shipments sent to Eastern Europe and Africa.

From January to September 2020, Ecuador’s banana exports were worth US$2.4 billion, according to Central Bank of Ecuador data.

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