Decrease in Ecuadorian banana exports

Published 2024년 7월 25일

Tridge summary

As of June 2024, Ecuador's banana exports reached 188.99 million boxes, marking a 1.04% decrease from the previous year, largely due to an 18.13% drop in exports to Russia. The European Union remains the largest market, accounting for 30.11% of exports. While exports to the UK and the Middle East declined, imports to Africa and the United States increased. High phytosanitary standards in Chile have intensified competition in other markets. Major shipping companies like MSC and Maersk continue to play a significant role, with the Port of St. Petersburg being a key destination. Companies such as Ubesa, Interbananaexport, and Frutadeli have increased their export levels compared to June 2023.

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

Original content

The statistical report of Ecuador's accumulated banana exports as of June 2024, presents a cumulative of 188.99 million boxes, which represents a decrease of 1.99 million boxes, equivalent to -1.04% compared to the same period of 2023. The decrease is due to the 18.13% reduction in exports to Russia, with 7.78 million fewer boxes. The document details that, of the total boxes exported in 2024, the European Union concentrates 30.11%, positioning itself as the main destination for the Ecuadorian fruit. In second place is Russia with 18.58%, which translates into 35.11 million boxes in the period analyzed. The amount is 18.13% lower than that registered in 2023, around 42.88 million boxes. Other markets that have presented reductions in shipments are the United Kingdom, which decreased its import level of Ecuadorian fruit by 13.86%, this is 0.35 million fewer boxes to this destination in 2024 compared to 2023. The Middle East also showed a reduction. Here it was 6.61%, which ...

Source: MXfruit