Affected By The Epidemic, Philippine Banana Exports Fell 10% In The First Seven Months Of This Year

- Sep 18, 2020-

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According to data from the Philippine Bureau of Statistics (PSA), due to the impact of the new crown epidemic, banana exports from January to July were US$1 billion, a year-on-year decrease of 10%. The total shipment volume of bananas was 2.439 million tons, down 4% year-on-year.


   From January to July, the Philippines’ banana exports to China fell by 30% to 274 million US dollars, and the export volume fell by 24% to 710,000 tons.


   Japan overtook China and became the largest export market for Philippine bananas during the same period, accounting for almost half of the total shipments. The export value was 455 million US dollars, a year-on-year increase of 12%, and the export volume was 910,000 tons, a year-on-year increase of 15%. Exports to South Korea fell by 16.7%, and exports to Iran increased by nearly 12%.


   The Philippine Banana Growers and Exporters Association (PBGEA) predicts that the total export volume of Philippine bananas this year will drop 17% to 162.2 million boxes from 195.5 million boxes last year.


  PBGEA stated that Philippine bananas may be gradually losing their share of the world market due to high tariffs, pests and diseases, increased competition, and active subsidy intervention by the governments of Latin American producing countries. Banana production in the Philippines in the first half of the year fell by nearly 2% year-on-year to 4.29 million tons.


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