{"id":31098,"date":"2021-03-30T09:26:14","date_gmt":"2021-03-30T14:26:14","guid":{"rendered":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=31098"},"modified":"2021-03-30T09:26:14","modified_gmt":"2021-03-30T14:26:14","slug":"banana-regional-sales-exceed-2-billion","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/banana-regional-sales-exceed-2-billion\/","title":{"rendered":"Banana: Regional Sales Exceed $2 Billion"},"content":{"rendered":"

\"\"<\/a><\/p>\n

Between January and September 2020, banana exports amounted to $2,079 million, 11% more than what was reported in the same period of 2019, a rise that is explained by the behavior of sales of Honduran, Panamanian, Costa Rican and Guatemalan companies.<\/p>\n

Costa Rica and Guatemala, Main Exporters<\/strong>
\nFrom January to September 2020 the main exporter of fresh or dried\u00a0banana<\/a>s in Central America was Costa Rica, with $823 million, followed by Guatemala, with $725 million, Honduras, with $418 million, Panama with $106 million and Nicaragua with $17 million.<\/p>\n

During the first nine months of 2020, Honduran\u00a0exports<\/a>\u00a0increased 23% year-on-year, Panamanian exports increased 17%, Costa Rican exports increased 9% and Guatemalan exports increased 2%. Nicaragua’s foreign sales fell 5%.<\/p>\n

Regional Business Increases<\/strong>
\nBetween the first nine months of 2019 and the same period of 2020, the value of banana exports rose 11%, from $1.87 billion to $2.079 billion.<\/p>\n

In the case of exports made by the region to the U.S. also grew for the periods in question, going from $1,214 million to $1,358 million.<\/p>\n

U.S., Main Buyer<\/strong>
\nFrom January to September 2020, 65% of the value exported from Central America was destined for the U.S., 10% for the Netherlands, 4% for the United Kingdom, 3% for Belgium, 3% for Italy, 2% for Germany, 2% for Spain and 1% for Portugal.<\/p>\n

The Netherlands is the destination market for\u00a0Central America<\/a>n exports that has grown the most for the period in question in recent years, since in 2012 it accounted for less than 0.5% of sales and last year that proportion rose to 10%.<\/p>\n

Export Price Increases<\/strong>
\nDuring 2020, the average price of Central American banana sales abroad has shown a slight upward trend, rising from $0.38 per kilo in January to $0.42 in September.<\/p>\n

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    Between January and September 2020, banana exports amounted to $2,079 million, 11% more than what was reported in<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[242,12,241,39,248,34,33,62,42,219,11,249,243,7,246,244,262,281],"class_list":["post-31098","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-boca-chica-real-estate","tag-boquete","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-relocate-to-panama","tag-rum-in-panama","tag-safety-in-panama-panama-real-estate-bocas-del-toro","tag-travel-to-panama-rent-in-boquete-expat-tourism"],"yoast_head":"\nBanana: Regional Sales Exceed $2 Billion - Blog and Newsletter<\/title>\n<meta name=\"robots\" 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