Bananas Prices in Panama
| Variety | Market level | Price (US$/kg) | Local (USD) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| US | Global benchmark | 1.12 | - | ▼ 2.6% | ▲ 2.8% | World Bank Pink Sheet |
| Europe | Global benchmark | 1.14 | - | ▲ 1.8% | ▲ 0.0% | World Bank Pink Sheet |
| - | Farmgate | 0.38 | - | ▲ 206.6% | ▲ 206.6% | FAOSTAT Producer Prices |
| - | Export (unit value) | 0.49 | - | ▲ 2.6% | ▲ 2.6% | UN Comtrade (unit value) |
As of June 2026, the bananas price in Panama available is US$ 0.38 per kg, up 206.6% year-on-year.
Panama exported 329,316 tonnes of bananas in 2024, valued at US$156.9 million, ranking 16th among 107 global exporters and accounting for 1.3% of world exports. The country produced 387,690 tonnes, placing 38th worldwide with a 5.0% year-on-year increase. The latest farmgate price is US$0.3832 per kg.
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Bananas Price History & Trend
Global benchmark (world reference) price for bananas, US$ per kg.
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Use this data freely with attribution to Selina Wamucii.
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Production, Exports, Imports & HS Codes - bananas in Panama
Panama exported 329,316 tonnes of bananas in 2024, valued at US$156.9 million, ranking 16th among 107 global exporters and accounting for 1.3% of world exports. The country produced 387,690 tonnes, placing 38th worldwide with a 5.0% year-on-year increase. The latest farmgate price is US$0.3832 per kg.
Exports UN Comtrade · 2024
In 2024, Panama exported $156.9M (329.3 kt) of bananas▲ 6.7% YoY. That ranks #16 worldwide (1.3% of global exports).
Export value by year (US$)
Export volume by year
Top bananas exporters worldwide UN Comtrade · 2024
- #1 Ecuador $3.35B · 26.9%
- #2 Philippines $1.23B · 9.9%
- #3 Costa Rica $1.2B · 9.6%
- #4 Colombia $1.08B · 8.7%
- #5 Guatemala $1.02B · 8.1%
Annual export data Panama · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $156.9M | 329.3 kt | $0.48 |
| 2023 | $147.1M | 312.9 kt | $0.47 |
| 2022 | $127.8M | 297.9 kt | $0.43 |
| 2021 | $171.8M | 434 kt | $0.4 |
| 2020 | $151.3M | - | - |
Production FAOSTAT · 2024
Panama produced 387.7 kt of bananas in 2024▲ 5% YoY. It ranks #38 among producing countries (0.3% of world output).
Production by year (tonnes)
HS Code
bananas is traded under Harmonized System code 0803.90. Trade figures above are compiled for this HS heading.
Sources: trade & HS - UN Comtrade; production - FAOSTAT (FAO); harvest season - FAO GIEWS Crop Calendar. Values are official reported figures.