NOVA MEDIA PUBLISHING INC.

Costa Rica: Main Banana Exporter in Central America in 2020

13.8.2021

In 2020 the leading exporter of fresh or dried bananas in Central America was Costa Rica, with $ 1,083 million, followed by Guatemala, with $ 930 million, Honduras, with $ 531 million, Panama with $ 152 million and Nicaragua with $ 23 million. During 2020, Panamanian exports increased 19% in quarter-on-quarter terms, Honduran exports by 11%, and Costa Ricans by 8%. 

Sales abroad of Guatemala and Nicaragua fell 2% and 8%, respectively. 

Between 2019 and 2020, the regional exported value of bananas increased 7%, going from $ 2,523 million to $ 2,725 million. In the case of exports made by the region to the United States, they also grew for the periods in question, going from $ 1,646 million to $ 1,762 million.   In 2020, 65% of the value exported from Central America was destined for the USA, 10% the Netherlands, 4% the United Kingdom, 3% Belgium, 3% Italy, 2% Germany, 2% Spain and 1% Portugal. The Netherlands is the destination market for Central American exports that has grown the most for the period in question since in 2012 they represented less than 0.5% of sales and last year that share rose to 10%. 

In 2020, the average price of Central American foreign sales of bananas had registered a slight upward trend, going from $ 0.38 per kilo in January to $ 0.41 in December. 

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