Ecuador is one of the most important Banana producing and exporting countries. I have found a very interesting article in the internet I would like to share with you:
India produces most Bananas but Ecuador is the king of Banana exports. After rice, wheat, and corn, bananas are the fourth most widely consumed food for humans. Bananas are grown in 130 countries worldwide – more than any other fruit crop. Bananas are either the green cooking variety or dessert bananas that are yellow and fully ripe when eaten. A banana is 75% water and is a valuable source of Vitamin A, Vitamin B6, Vitamin C as well as potassium. Banana plants produce fruit throughout the year.
India leads the world in banana production, accounting for almost one-quarter of the worldwide crop. However, most Indian bananas are consumed domestically.
Top Banana Producing Nations – 2005
1. India … 16.8 million metric tonnes
2. Brazil … 6.7
3. China … 6.4
4. Ecuador … 5.9
5. Philippines … 5.8
6. Indonesia … 4.5
7. Costa Rica … 2.2
8. Mexico & Thailand … 2.0 each
9. Colombia & Burundi … 1.6 each
From 10% to 15% of global banana crops are exported.
Four countries (Ecuador, Philippines, Costa Rica and Colombia) generate almost three-quarters of world banana exports. According to the Food and Agriculture Organization of the United Nations, Ecuador alone exports more than one-third of international banana exports.
And The Winners Are…
The dominant banana importers are European countries (29.2%), U.S. (27.5%), Japan (8.2%), Russia (7.9%) and Canada (3.5%).
In 2005 a record 15 Atlantic hurricanes caused significant damage to Central American banana plantations. Countries like Ecuador were spared from the fury of hurricanes in 2005, and therefore benefited from a tight supply of firm prices for bananas.
The European Union dropped its import quotas on bananas in 2006 while raising tariffs on the fruit shipped from Latin America. This has restrained international sales, particularly for companies like Chiquita (CQB on NYSE) and Fresh Del Monte Produce (on FDP NYSE).
We often hear the term “banana republic” when discussing Central or Latin America. However, only Costa Rica, Honduras and Panama are banana republics – countries with economies that the banana trade dominates.