Pure Olive Oil in Spain 2019 Exports | Imports : $3.39B | $402M, World Rnk 1 / 148 Rnk 9 / 1213 | World Rnk 5 / 212 Rnk 191 / 1214
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $48.7M | $8.9M, Italy | Morocco
2019 ECONOMIC COMPLEXITY of Spain: 0.85, Rnk 33 / 147
2019 PRODUCT COMPLEXITY IN Pure Olive Oil: -0.71, Rnk 762 / 1029
Exports In 2019, Spain exported $3.39B 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 ($1.08B), United States ($461M), Portugal ($315M), France ($284M), and Japan ($166M).
The fastest growing export markets for Pure Olive Oil of Spain between 2018 and 2019 were Italy ($48.7M), Japan ($17.1M), and Israel ($6.84M).
Imports In 2019, Spain imported $402M in Pure Olive Oil, becoming the 5th largest importer of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 191st most imported product in Spain. Spain imports Pure Olive Oil primarily from: Portugal ($171M), Tunisia ($132M), Morocco ($26.4M), Syria ($14.4M), and Italy ($14.1M).
The fastest growing import markets in Pure Olive Oil for Spain between 2018 and 2019 were Morocco ($8.9M), Peru ($4.04M), and Uruguay ($1.78M).
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 (Most Favoured Nation duty rate treatement, 33.6%), Cape Verde (Most Favoured Nation duty rate treatement, 33.6%), Algeria (Most Favoured Nation duty rate treatement, 33.6%), Western Sahara (Most Favoured Nation duty rate treatement, 33.6%), and Gabon (Most Favoured Nation duty rate treatement, 33.6%).
May 2021
Overview In May 2021 Spain's Pure Olive Oil exports accounted up to €265M and imports accounted up to €32.7M, resulting in a positive trade balance of €232M. Between May 2020 and May 2021 the exports of Spain's Pure Olive Oil have increased by €28.8M (12.2%) from €236M to €265M, while imports decreased by €-16.1M (-33%) from €48.8M to €32.7M.
Destinations In May 2021, Pure Olive Oil were exported mostly to Italy (€65.8M), United States (€42.5M), Portugal (€36.6M), France (€22M), and Japan (€11M), and were imported mostly from Portugal (€16.6M), Tunisia (€11.2M), Italy (€1.61M), Turkey (€953k), and Greece (€730k).
Growth In May 2021, the increase in Pure Olive Oil's year-by-year exports was explained primarily by an increase in exports to Portugal (€21.2M or 137%), Italy (€13.8M or 26.6%), and South Korea (€2.65M or 123%). In May 2021, the decrease in Pure Olive Oil's year-by-year imports was explained primarily by a decrease in imports from Tunisia (€-22.4M or -66.6%), Italy (€-814k or -33.6%), and Peru (€-359k or -72.4%).
EXPORT GROWTH (May 2020 - May 2021): €28.8M, (12.2%)
IMPORT GROWTH (May 2020 - May 2021): €-16.1M, (-33%)
MAIN EXPORTER (May 2021): Sevilla, €94.5M
MAIN DESTINATION (May 2021): Italy, €65.8M
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 (2019): $3.39B
IMPORTS (2019): $402M
NET TRADE (2019): $2.99B
In 2019, Spain exported $3.39B in Pure Olive Oil. The main destinations of Spain exports on Pure Olive Oil were Italy ($1.08B), United States ($461M), Portugal ($315M), France ($284M), and Japan ($166M).
In 2019, Spain imported $402M in Pure Olive Oil, mainly from Portugal ($171M), Tunisia ($132M), Morocco ($26.4M), Syria ($14.4M), and Italy ($14.1M).
IN 2019, Spain HAD A POSITIVE NET TRADE IN Pure Olive Oil WITH:
IN 2019, Spain HAD A NEGATIVE NET TRADE IN Pure Olive Oil WITH:
THE FASTEST GROWING Pure Olive Oil EXPORT MARKETS FOR Spain WERE (2018 - 2019):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pure Olive Oil BY Spain WERE (2018 - 2019):
In 2019, Spain's main exporting competitors in Pure Olive Oil were:
In 2019, Spain's main importing competitors in Pure Olive Oil were:
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 (Most Favoured Nation duty rate treatement, 33.6%), Cape Verde (Most Favoured Nation duty rate treatement, 33.6%), Algeria (Most Favoured Nation duty rate treatement, 33.6%), Western Sahara (Most Favoured Nation duty rate treatement, 33.6%), and Gabon (Most Favoured Nation duty rate treatement, 33.6%).