Ecuador: Banana Exports Increase 8.9% in First Quarter of the Year

Published 2020년 6월 19일

Tridge summary

Ecuador's banana exports experienced an 8.99% growth in the first quarter of the year, reaching 139,110,631 boxes, as reported by the Association of Banana Exporters of Ecuador (AEBE). The growth was despite the COVID-19 pandemic, which led to quarantine measures in Europe and logistical issues. The European Union, the Middle East, Africa, and the EFTA area were the main markets, with the EU seeing a 13% growth. However, exports to Russia fell due to the change of season and COVID-19. In the Middle East, banana shipments doubled, and Asian markets recovered in April.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As reported by the Association of Banana Exporters of Ecuador, AEBE in a statistical report, until the first quarter of the year the country's banana exports grew by 8.99%. According to the analysis, until April 2020 the 33 million boxes were exceeded; which was equivalent to an increase of 2.12% year-on-year. They indicated that "April has always been a month in which Ecuadorian banana exports are reduced compared to previous months." "Under normal conditions, this is due to the end of winter and the arrival of spring in the northern part of the planet, to which is added the presence of more bananas from Colombia and Costa Rica in the market. But with the presence of COVID-19 in the Mediterranean area of Europe, countries like Italy and Spain decided to apply quarantine to prevent further spread of the virus. " They added that, despite countries doing their best to keep ports operational and prioritize the transport of food by road, transport activity was reduced due to the ...

Source: MXfruit