Olive Oil in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $747k in Olive Oil, making it the 14th largest exporter of Olive Oil in the world. At the same year, Olive Oil was the 1191st most exported product in United States. The main destination of Olive Oil exports from United States are: Canada ($242k), Kuwait ($108k), Italy ($81k), New Zealand ($49.8k), and Bahamas ($36.9k).

The fastest growing export markets for Olive Oil of United States between 2021 and 2022 were Kuwait ($108k), Bahamas ($33.4k), and Canada ($28.1k).

Imports In 2022, United States imported $51.3M in Olive Oil, becoming the 3rd largest importer of Olive Oil in the world. At the same year, Olive Oil was the 966th most imported product in United States. United States imports Olive Oil primarily from: Spain ($28.6M), Turkey ($10M), Italy ($7.4M), Morocco ($2.5M), and Tunisia ($1.17M).

The fastest growing import markets in Olive Oil for United States between 2021 and 2022 were Turkey ($7.28M), Spain ($6.77M), and Italy ($1.37M).

COMPANIES In 2023, leading companies such as LOLLICUP USA INC. (105), CERTIFIED ORIGINS INC (51), and MYSTIC APPAREL LLC (44) were at the forefront of shipping Olive Oil to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United States' Olive Oil exports accounted up to $320k and imports accounted up to $4.7M, resulting in a negative trade balance of $4.38M. Between February 2023 and February 2024 the exports of United States' Olive Oil have increased by $277k (651%) from $42.6k to $320k, while imports increased by $2.25M (91.8%) from $2.45M to $4.7M.

Destinations In February 2024, Olive Oil were exported mostly to Canada ($223k), New Zealand ($39.2k), Israel ($33.2k), Italy ($6.8k), and Barbados ($4.75k), and were imported mostly from Spain ($2.37M), Turkey ($1.55M), Italy ($768k), Portugal ($4.39k), and Greece ($3.4k).

Growth In February 2024, the increase in Olive Oil's year-by-year exports was explained primarily by an increase in exports to Canada ($11.3k or 433%). In February 2024, the increase in Olive Oil's year-by-year imports was explained primarily by an increase in imports from Spain ($1.26M or 173%) and Italy ($303k or 52.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$277k(651%)

IMPORT GROWTH (February 2023 - February 2024)$2.25M(91.8%)

MAIN EXPORTER (February 2024)Illinois$192k

MAIN DESTINATION (February 2024)Canada$223k

This section shows Olive Oil's exports and imports data at subnational level for United States. 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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$747k

IMPORTS (2022)$51.3M

NET TRADE (2022)-$50.6M

In 2022, United States exported $747k in Olive Oil. The main destinations of United States exports on Olive Oil were Canada ($242k), Kuwait ($108k), Italy ($81k), New Zealand ($49.8k), and Bahamas ($36.9k).

In 2022, United States imported $51.3M in Olive Oil, mainly from Spain ($28.6M), Turkey ($10M), Italy ($7.4M), Morocco ($2.5M), and Tunisia ($1.17M).

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