Bananas constitute 73% of consumer fruit intake. They are an important food item for Filipinos, a source of income for local farmers and a foreign exchange earner for the country. They are the leading Filipino fruit crop in terms of area, volume and value of production.
How important is banana for the Philippines?
The banana is one of the most important fruit crops of the Philippines. It is important both as a source of local and international revenues for farmers, and an important component of the daily diet of all Filipinos.
Why banana industry is important?
Banana production is a source of income and employment in the countryside with more than 5.6 million smallholder farmers dependent on it (Calderon, 2002). In 2000, the banana sector contributed about 7% to the total value of production in agriculture.
Is banana the leading fruit grown in the Philippines?
Banana is the leading fruit grown in the Philippines and a consistent top dollar earner. Its prospects in the domestic and foreign markets continue to increase as consumers for fresh and processed banana is on the rise.
What is the banana as the export of the Philippines?
Banana and pineapple rank as the country's top agriculture exports, aside from coconut oil and other coconut products. In 2019 alone, Philippine banana exports reached $1.95 billion (B ), $1.64 B in 2020, and roughly $920 million (M), from January to October 2021, according to the Philippine Statistics Authority (PSA).
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