Pure Olive Oil in Spain

EXPORTS (2018): $3.68B, World Rnk 1 / 120
Flag Rnk 7 / 1215

TOP DESTINATION (2018): $1.03B, Italy

FASTEST GROWING MARKET (2017 - 2018): $33.2M, Canada

IMPORTS (2018): $646M, World Rnk 3 / 212
Flag Rnk 125 / 1212

TOP ORIGIN (2018): $230M, Portugal

FASTEST GROWING ORIGIN (2017 - 2018): $155M, Tunisia

ECONOMIC COMPLEXITY of Spain (2018): 0.85, Rnk 33 / 137

Overview: This page contains the latest trade data of Pure Olive Oil in Spain.

Exports: In 2018, Spain exported $3.68B in Pure Olive Oil, making it the 1st largest exporter of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 7th most exported product in Spain. The main destination of Pure Olive Oil exports from Spain are: Italy ($1.03B), United States ($486M), France ($374M), Portugal ($366M), and United Kingdom ($180M).

The fastest growing export markets for Pure Olive Oil of Spain between 2017 and 2018 were Canada ($33.2M), Brazil ($18.8M), and Australia ($12.8M).

Imports: In 2018, Spain imported $646M in Pure Olive Oil, becoming the 3rd largest importer of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 125th most imported product in Spain. Spain imports Pure Olive Oil primarily from: Portugal ($230M), Tunisia ($221M), Syria ($57.5M), Turkey ($42.9M), and Italy ($28M).

The fastest growing import markets in Pure Olive Oil for Spain between 2017 and 2018 were Tunisia ($155M), Portugal ($74.8M), and Turkey ($17.4M).

Tariffs: In 2017, the average tariff for Spain in Pure Olive Oil was 14.4%. The countries with the highest import tariffs for Pure Olive Oil were Republic of the Congo (33.6%), Cape Verde (33.6%), Algeria (33.6%), Western Sahara (33.6%), and Gabon (33.6%).

Overview: In July 2020 Spain's Pure Olive Oil exports accounted up to €266M and imports accounted up to €32.3M, resulting in a positive trade balance of €234M. Between July 2019 and July 2020 the exports of Spain's   Pure Olive Oil have decreased by €-14.5M (-5.16%) from €281M to €266M, while imports increased by €14M (76.3%) from €18.4M to €32.3M.

Destinations: In July 2020 Pure Olive Oil exported mostly to Italy (€66.6M), United States (€44.6M), Portugal (€24.4M), France (€21.4M), and China (€14.5M), and imported mostly from Tunisia (€16.2M), Portugal (€7.97M), Italy (€3.2M), Argentina (€2.79M), and Syria (€683k).

Growth: In July 2020, the decrease in Pure Olive Oil's year-by-year exports was explained primarily by a decrease in exports to Italy (€-20.8M or -23.8%), France (€-5.84M or -21.4%), and United States (€-3.68M or -7.62%). In July 2020, the increase in Pure Olive Oil's year-by-year imports was explained primarily by an increase in imports from Tunisia (€9.97M or 160%), Italy (€2.45M or 325%), and Argentina (€1.58M or 130%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (July 2019 - July 2020): €-14.5M, (-5.16%)

IMPORT GROWTH (July 2019 - July 2020): €14M, (76.3%)

MAIN EXPORTER (July 2020): Sevilla, €88.3M

MAIN DESTINATION (July 2020): Italy, €66.6M

This section shows Pure Olive Oil's exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Pure Olive Oil over time.

Value

EXPORTS (2018): $3.68B

IMPORTS (2018): $646M

NET TRADE (2018): $3.04B

In 2018, Spain exported $3.68B in Pure Olive Oil. The main destinations of Spain exports on Pure Olive Oil were Italy ($1.03B), United States ($486M), France ($374M), Portugal ($366M), and United Kingdom ($180M).

In 2018, Spain imported $646M in Pure Olive Oil, mainly from Portugal ($230M), Tunisia ($221M), Syria ($57.5M), Turkey ($42.9M), and Italy ($28M).

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IN 2018, Spain HAD A POSITIVE NET TRADE IN Pure Olive Oil WITH:

  • Italy, $999M ($1.03B - $28M)
  • United States, $486M ($486M - $107k)
  • France, $373M ($374M - $1.39M)

IN 2018, Spain HAD A NEGATIVE NET TRADE IN Pure Olive Oil WITH:

  • Tunisia, -$221M ($7.69k - $221M)
  • Syria, -$57.5M ($0 - $57.5M)
  • Turkey, -$42.9M ($4.31k - $42.9M)
Flow

THE FASTEST GROWING Pure Olive Oil EXPORT MARKETS FOR Spain WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pure Olive Oil BY Spain WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Spain's main exporting competitors in Pure Olive Oil were:

In 2018, Spain's main importing competitors in Pure Olive Oil were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Pure Olive Oil in Spain. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2017, the average tariff for Spain in Pure Olive Oil was 14.4%.

The countries with the highest tariffs for Pure Olive Oil in Spain were Republic of the Congo (33.6%), Cape Verde (33.6%), Algeria (33.6%), Western Sahara (33.6%), and Gabon (33.6%).

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