2022
Exports
$747kWorld Rnk 14 / 113
Flag Rnk 1191 / 1217
2022
Imports
$51.3MWorld Rnk 3 / 189
Flag Rnk 966 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

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 (105), Certified Origins (49), and Mystic Apparel (44) were at the forefront of shipping Olive Oil to the United States.

Latest Trends

April 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2023 - April 2024)$108k(55.7%)
IMPORT GROWTH (April 2023 - April 2024)$1.95M(39.8%)
MAIN EXPORTER (April 2024)Illinois$290k
MAIN DESTINATION (April 2024)Canada$202k

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
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).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Olive Oil EXPORT MARKETS FOR United States WERE (2021 - 2022):
Kuwait$108k (1%)
Bahamas$33.4k (949%)
Canada$28.1k (13.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Olive Oil BY United States WERE (2021 - 2022):
Netherlands-$2.77M (-100%)
Cayman Islands-$737k (-100%)
South Korea-$385k (-91.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Olive Oil were:
Spain $322M
Italy $115M
Greece $69.6M
In 2022, United States'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 POTENTIALItaly+ $57.4k
TOP IMPORT POTENTIALMorocco+ $700k

Olive Oil’s highest export potential is Italy. With an export gap of $57.4k.   Olive Oil’s highest import potential is Morocco with an import gap of $700k.

See methodology.

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