Ecuador sees surge in banana exports to South Korea

게시됨 2024년 7월 25일

Tridge 요약

In the first half of 2024, South Korea became the fastest-growing market for Ecuadorean banana exports, with shipments surging by 271% to 2.2 million boxes, driven by the removal of tariffs and production issues in the Philippines. Ecuador's overall banana exports slightly decreased to nearly 189 million boxes. The South Korean government had temporarily eliminated tariffs on 28 fruits and vegetables, including Ecuadorean bananas, as a deflationary measure. Richard Salazar of Acorbanec expects the zero-tariff rate to continue into the second half of the year, with a Free Trade Agreement between Ecuador and South Korea anticipated later in 2024 to further boost exports. While exports to Japan rose by 7%, shipments to China dropped by 14% due to economic contraction, higher maritime freight costs, and high spot prices.

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원본 콘텐츠

South Korea was the fastest growing market for exports of Ecuadorean bananas in the first half of 2024, according to the latest trade data shared by industry associations Aebe and Acorbanec. Shipments to the Asian country grew 271 per cent to 2.2m boxes between January and June of this year compared to the year-earlier period, as exporters were able to take advantage of the elimination of tariffs – which came into effect in January – and production problems in the Philippines. In all, Ecuador shipped almost 189m boxes in the first half of the year, around 1 per cent fewer than in the same period of 2023. In January, the South Korean government to the decision to scrap tariffs on 28 fruits and vegetables, among them Ecuadorean bananas, for a six-month period as a deflationary measure. During that time, production in the Philippines – Korea’s main supplier – decreased due the impact of Panama Disease TR4 and Sigatoka. Richard Salazar, executive director of Acorbanec, said he ...

출처: Fruitnet