Banana industry
In 2016, world production of bananas and plantains was 148 million tonnes, led by India and China with a combined total (only for bananas) of 28% of global production (table). Other major producers were the Philippines, Ecuador, Indonesia, and Brazil, together accounting for 20% of the world total of bananas and plantains (table).
Agriculture in Colombia
Colombian bananas (excluding plantains) are another export success story of Colombia's agriculture. Despite the violence that has long affected the producing regions, banana exports, which amounted to about US$525 million in 2006, are the third-largest legal agricultural export of the country, behind coffee and flowers. In 2005 Colombia was the tenth-largest producer, with 2.5 percent of the world's banana output, and the third-largest exporter, with 8 percent of the world's exports after Ecuador and Costa Rica. Output for export, mainly of the Cavendish Valery variety, is highly productive compared to international standards. The Urabá region in Antioquia and the northeast of Magdalena Department are the main areas producing bananas for export. Chiquita Brands International, Dole Food Company, and Del Monte Fresh Produce are among the most important banana-marketing companies in Colombia.
The main destination of Colombia's banana exports is the EU, and the second is the United States. Given the importance of the EU's banana market for Colombia and for Latin America, the outcome of the continuing disputes at the World Trade Organization (WTO) with regard to quotas and tariffs is a major issue to this sector. In November 2007, the WTO ruled against the dramatically increased duties imposed by the EU on its imports of Colombian bananas in January 2006.