Ecuador reduces its banana exports in 2022 by 23.7 million boxes

Accumulated shipments between January and October of this year totaled 315.70 million boxes, which represents a 7.50% drop. Ecuador, the world's leading banana exporter, has seen its revenue from banana shipments fall over the year. This is stated in a report by the Association of Banana Exporters of Ecuador (AEBE) and which shows that accumulated exports to October totaled 315.70 million boxes. It is a fall of 7.50%, equivalent to a decrease of 23.69 million boxes in the period. The decline is largely explained by the performance of its two main markets. On the one hand, the European Union imported only 76.86 million boxes (26.32% of the total), a 9.72% drop compared to the 85.31 million boxes registered in the same month of 2021. That is, 8.45 million less boxes. Russia, the second largest market for Ecuadorian bananas, imported 67.07 million boxes (22.97% of the total), reflecting a drop of 2.70%, that is, 1.86 million boxes compared to the previous period. Meanwhile, the US, ...