The Philippines continues to lead Asia in banana exports, accounting for approximately 60% of the region's shipments despite facing challenges such as the spread of Fusarium Wilt disease and increasing competition from countries like Vietnam and Cambodia.
In 2022, the Philippines exported around 2.3 million metric tons of bananas, maintaining its status as the second largest global exporter after Ecuador. However, the country's export volume has seen a decline, prompting concerns about its market share in the face of rising competition and production difficulties[1][4][3].
Citations:
[1] https://www.freshplaza.com/north-america/article/9594225/guatemala-surpasses-the-philippines-in-banana-exports/
[2] https://oec.world/en/profile/bilateral-product/bananas/reporter/phl
[3] https://www.fruitnet.com/asiafruit/philippines-loses-hold-on-asian-banana-exports/247206.article
[4] https://www.philstar.com/business/2023/07/27/2284028/philippines-still-worlds-second-biggest-banana-exporter
[5] https://vietnamagriculture.nongnghiep.vn/vietnam-surpasses-the-philippines-in-taking-the-lead-in-banana-exports-to-china-d389519.html