Top 5 Banana Suppliers to China: Vietnam Takes the Lead

Vietnam's banana exports experienced strong growth in 2024. According to Chinese Customs data, Vietnam exported nearly 625,250 tons of bananas to China, securing the largest share of its banana imports. This represents a significant 23.7% increase compared to 2023. While Vietnam's total export value reached US$261.45 million, a 7% increase, the average price per ton was lower than competitors like Ecuador and Cambodia. The Philippines, previously the top supplier, saw a significant decline in exports, dropping to second place with just over 463,300 tons. This decrease is attributed to several factors, including high production costs and competition from neighboring countries offering lower prices. Ecuador remained the third largest supplier, but also experienced negative growth. While Ecuadorian bananas command a higher price, their transportation costs contribute to a significantly higher import value in the Chinese market. Cambodia maintained its position as the fourth largest supplier despite a slight decline in exports. Laos emerged as a potential competitor, exhibiting remarkable growth with a 136.7% increase in banana exports to China. Vietnam's success highlights its progress in banana production and export. However, maintaining this position requires continuous improvement in quality, diversification, and adherence to export standards. Building a strong brand and increasing value will be crucial for long-term success in the Chinese market.