Philippine bananas slip to number 3 in global export ranking
Fresh Banana
Fruits
Philippines
Published Mar 17, 2023
Tridge summary
The Philippines lost its status as the world’s second-largest banana exporter in 2022 amid outbreaks of Fusarium wilt disease and high production costs.
Original content
According to preliminary data released by the Food and Agriculture Organization of the United Nations, the Philippines slipped from second to third place in the global banana export rankings in 2022 with a total export volume of 2.235 million metric tons, having been overtaken by Guatemala (2.467 million metric tons). Ecuador once again easily secured first place (6.216 million metric tons), with Colombia (2.125 million metric tons) and Costa Rica (2.122 million metric tons) closely competing for fourth position. As reported in local media, data published by the Philippine Statistics Authority indicate that 2022 saw a 6.5% year-on-year decrease in the country’s banana export volume to 2.273 million metric tons and a 3.66% year-on-year drop in export revenue to $1.096 billion. Despite bananas remaining the country’s second most valuable agricultural export, the recent decline has reportedly caused alarm in the industry as the figures hit their lowest levels since 2016, which ...
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