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Exports In 2022, Spain exported $322M in Olive Oil, making it the 1st largest exporter of Olive Oil in the world. At the same year, Olive Oil was the 255th most exported product in Spain. The main destination of Olive Oil exports from Spain are: Italy ($47.3M), Portugal ($47M), United States ($28.6M), United Arab Emirates ($24.7M), and Mexico ($19.3M).

The fastest growing export markets for Olive Oil of Spain between 2021 and 2022 were Portugal ($25.4M), Italy ($15.2M), and Mexico ($10.7M).

Imports In 2022, Spain imported $114M in Olive Oil, becoming the 1st largest importer of Olive Oil in the world. At the same year, Olive Oil was the 490th most imported product in Spain. Spain imports Olive Oil primarily from: Portugal ($39.7M), Morocco ($25.5M), Italy ($22.2M), Greece ($20.7M), and Tunisia ($5.39M).

The fastest growing import markets in Olive Oil for Spain between 2021 and 2022 were Portugal ($24.1M), Greece ($10.5M), and Italy ($5.5M).

COMPANIES In 2023, leading companies such as Certified Origins (18) were at the forefront of shipping Olive Oil from Spain to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€9.31M(33%)
IMPORT GROWTH (July 2023 - July 2024)€6.92M(71.8%)
MAIN EXPORTER (July 2024)Sevilla€29.9M
MAIN DESTINATION (July 2024)Italy€5.51M

This section shows 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 Olive Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$322M
IMPORTS (2022)$114M
NET TRADE (2022)$208M

In 2022, Spain exported $322M in Olive Oil. The main destinations of Spain exports on Olive Oil were Italy ($47.3M), Portugal ($47M), United States ($28.6M), United Arab Emirates ($24.7M), and Mexico ($19.3M).

In 2022, Spain imported $114M in Olive Oil, mainly from Portugal ($39.7M), Morocco ($25.5M), Italy ($22.2M), Greece ($20.7M), and Tunisia ($5.39M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Olive Oil EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Portugal$25.4M (118%)
Italy$15.2M (47.5%)
Mexico$10.7M (124%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Olive Oil BY Spain WERE (2021 - 2022):
China-$2.12M (-25.5%)
Russia-$1.42M (-15.2%)
Turkey-$1.18M (-55.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Olive Oil were:
Italy $115M
Greece $69.6M
In 2022, Spain's main importing competitors in Olive Oil were:

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Trade Value of Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $1.12M
TOP IMPORT POTENTIALTurkey+ $454k

Olive Oil’s highest export potential is France. With an export gap of $1.12M.   Olive Oil’s highest import potential is Turkey with an import gap of $454k.

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