Pure Olive Oil in Spain 2020 Exports | Imports : $3.26B | $560M, World Rnk 1 / 140 Rnk 9 / 1213 | World Rnk 3 / 218 Rnk 127 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $23.1M | $169M, Seychelles | Tunisia
2020 ECONOMIC COMPLEXITY of Spain: 0.76, Rnk 34 / 127
2020 PRODUCT COMPLEXITY IN Pure Olive Oil: -0.84, Rnk 793 / 1029
Exports In 2020, Spain exported $3.26B 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 9th most exported product in Spain. The main destination of Pure Olive Oil exports from Spain are: Italy ($839M), United States ($447M), Portugal ($328M), France ($284M), and United Kingdom ($161M).
The fastest growing export markets for Pure Olive Oil of Spain between 2019 and 2020 were Seychelles ($23.1M), Australia ($22.1M), and United Kingdom ($17.1M).
Imports In 2020, Spain imported $560M 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 127th most imported product in Spain. Spain imports Pure Olive Oil primarily from: Tunisia ($301M), Portugal ($185M), Italy ($23.3M), Argentina ($16.8M), and Turkey ($7.07M).
The fastest growing import markets in Pure Olive Oil for Spain between 2019 and 2020 were Tunisia ($169M), Portugal ($14.4M), and Italy ($9.27M).
Tariffs In 2019, the average tariff for Spain in Pure Olive Oil was 15.6%. The countries with the highest import tariffs for Pure Olive Oil were Republic of the Congo (Most Favoured Nation duty rate treatement, 34.5%), Cape Verde (Most Favoured Nation duty rate treatement, 34.5%), Algeria (Most Favoured Nation duty rate treatement, 34.5%), Western Sahara (Most Favoured Nation duty rate treatement, 34.5%), and Gabon (Most Favoured Nation duty rate treatement, 34.5%).
November 2022
Overview In November 2022 Spain's Pure Olive Oil exports accounted up to €195M and imports accounted up to €68.7M, resulting in a positive trade balance of €126M. Between December 2020 and November 2022 the exports of Spain's Pure Olive Oil have decreased by €-24.5M (-11.1%) from €219M to €195M, while imports increased by €23.8M (53%) from €44.9M to €68.7M.
Destinations In November 2022, Pure Olive Oil were exported mostly to Italy (€68.3M), United States (€41.1M), Portugal (€26.1M), France (€17.7M), and China (€12.1M), and were imported mostly from Portugal (€44.7M), Tunisia (€19.5M), Greece (€6.48M), Italy (€3.18M), and Argentina (€2.65M).
Growth In November 2022, the decrease in Pure Olive Oil's year-by-year exports was explained primarily by a decrease in exports to Germany (€-5.21M or -63.1%), Japan (€-3.28M or -25.3%), and United Kingdom (€-2.78M or -36.5%). In November 2022, the increase in Pure Olive Oil's year-by-year imports was explained primarily by an increase in imports from Argentina (€770k or 851%), Portugal (€500k or 3.18%), and Turkey (€403k or 803%).
EXPORT GROWTH (December 2020 - November 2022): €-24.5M, (-11.1%)
IMPORT GROWTH (December 2020 - November 2022): €23.8M, (53%)
MAIN EXPORTER (November 2022): Sevilla, €106M
MAIN DESTINATION (November 2022): Italy, €68.3M
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.
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EXPORTS (2020): $3.26B
IMPORTS (2020): $560M
NET TRADE (2020): $2.7B
In 2020, Spain exported $3.26B in Pure Olive Oil. The main destinations of Spain exports on Pure Olive Oil were Italy ($839M), United States ($447M), Portugal ($328M), France ($284M), and United Kingdom ($161M).
In 2020, Spain imported $560M in Pure Olive Oil, mainly from Tunisia ($301M), Portugal ($185M), Italy ($23.3M), Argentina ($16.8M), and Turkey ($7.07M).
THE FASTEST GROWING Pure Olive Oil EXPORT MARKETS FOR Spain WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pure Olive Oil BY Spain WERE (2019 - 2020):
In 2020, Spain's main exporting competitors in Pure Olive Oil were:
In 2020, Spain's main importing competitors in Pure Olive Oil were:
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