Cavendish bananas are mainly produced for export with more than half of the export volume is this variety. Other varieties Lacatan (Musa acuminata (AA Group) 'Lakatan'), Latundan (Musa acuminata × M. balbisiana (AAB Group) 'Silk'), Bungulan (Musa acuminata (AAA Group) 'Masak Hijau'), and Saba or Cardaba (Musa acuminata × balbisiana (ABB Group) 'Cardava') variety.
A good portion of the Saba and Cardaba variety is processed into banana chips and other value-added products for both domestic use and export.
In 2020, total export value decreased by more than 10% compared to the previous year, from USD 1,930,879 thousand to USD 1,607,797 thousand. Although the export value to main destination countries fell in 2020, the middle eastern countries tend to import more Philippine bananas than in 2019.
In 2022, the total land area used for banana cultivation in the Philippines was approximately 443 thousand hectares. According to the data from the Philippine Statistics Authority (PSA), the Davao region is the top producer of bananas with approximately of 40% of the total banana production of the country comes from this region. Davao is primarily an agricultural province with many plantations operated by local and multinationals companies, and also small holder plantation.