Global trade 2013 : Guatemala leaps into second place

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Although some of the figures for export volumes (in millions of metric tonnes) are still provisional, there is no doubt that the news is about Guatemala taking second place in the global banana export league table for the first time. The volume of 2.14 million tonnes exported in 2013 is more than double the country's export volume of 2006 and over 50% up from just three years ago. Philippines volume is much lower than usual because of Hurricane Pablo in December combined with serious disease problems.

The highly productive plantations of the Guatemalan Pacific coastal provinces of Escuintla and San Marcos in particular have come into full production. Figures for the dollar value of exports indicate that the average FOB price of Guatemalan fruit is just $5.28 compared to $7.75 for Costa Rica, for example.  It is therefore no surprise, given prices and its proximity, that Guatemala exports 95% of its bananas to the USA, where it has established itself as the number one origin.

Sources: Datacomex/Banco Central de Ecuador ; PBGEA ; Banco de Guatemala ; Corbana ; Uniban/La República ; Banco Central de Honduras ; MAGA, Rep. Dominicana ; ADA.