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In 2017, world banana exports grew to 20.5 million tons, or 10 percent more than in 2016. Ecuador was the biggest exporter, followed by Guatemala, Costa Rica, Columbia, and the Philippines on the fifth spot. These top five exporters account for 80 percent of total shipments. The Philippines is the leading producer of bananas in Asia.

In 2017, world banana exports grew to 20.5 million tons, or 10 percent more than in 2016. Ecuador was the biggest exporter, followed by Guatemala, Costa Rica, Columbia, and the Philippines on the fifth spot. These top five exporters account for 80 percent of total shipments. The Philippines is the leading producer of bananas in Asia.

Last year, the Philippines exported around 1.6 million tons of bananas valued at about $700 million. Also in 2017, the local banana industry paid an estimated P50.3 billion in wages. All these despite the fact that it utilizes only 0.4 percent of the country’s total agricultural land or about 87, 782 hectares. This is what being a high-value crop is all about.

The world loves bananas. According to the Food and Agriculture Organization (FAO), bananas are the most popular and best-selling fruits in the world, followed by watermelons, apples, grapefruits, grapes, oranges, mangoes, plantains, tangerines, melons, pears, and pineapples.

See full article at Philstar

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