2022
Exports
$962MWorld Rnk 3 / 146
Flag Rnk 13 / 1216
2022
PRODUCT COMPLEXITY IN Pure Olive Oil
-0.75Rnk 772 / 1025
2022
Imports
$424MWorld Rnk 7 / 218
Flag Rnk 44 / 1216
2022
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $962M in Pure Olive Oil, making it the 3rd largest exporter of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 13th most exported product in Portugal. The main destination of Pure Olive Oil exports from Portugal are: Spain ($411M), Brazil ($298M), Italy ($150M), United States ($29M), and France ($14.3M).

The fastest growing export markets for Pure Olive Oil of Portugal between 2021 and 2022 were Spain ($112M), Brazil ($20.5M), and Angola ($5.41M).

Imports In 2022, Portugal imported $424M in Pure Olive Oil, becoming the 7th largest importer of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 44th most imported product in Portugal. Portugal imports Pure Olive Oil primarily from: Spain ($413M), Tunisia ($7.37M), Italy ($1.85M), France ($671k), and Greece ($485k).

The fastest growing import markets in Pure Olive Oil for Portugal between 2021 and 2022 were Tunisia ($960k), Italy ($739k), and France ($475k).

COMPANIES In 2023, leading companies such as Certified Origins (8) were at the forefront of shipping Pure Olive Oil from Portugal to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Pure Olive Oil. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$962M
IMPORTS (2022)$424M
NET TRADE (2022)$538M

In 2022, Portugal exported $962M in Pure Olive Oil. The main destinations of Portugal exports on Pure Olive Oil were Spain ($411M), Brazil ($298M), Italy ($150M), United States ($29M), and France ($14.3M).

In 2022, Portugal imported $424M in Pure Olive Oil, mainly from Spain ($413M), Tunisia ($7.37M), Italy ($1.85M), France ($671k), and Greece ($485k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pure Olive Oil EXPORT MARKETS FOR Portugal WERE (2021 - 2022):
Spain$112M (37.6%)
Brazil$20.5M (7.39%)
Angola$5.41M (96.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pure Olive Oil BY Portugal WERE (2021 - 2022):
United States-$8.31M (-22.3%)
Netherlands-$2.11M (-81.4%)
Mexico-$1.94M (-64.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Portugal's main exporting competitors in Pure Olive Oil were:
Spain $4.43B
Italy $1.87B
In 2022, Portugal's main importing competitors in Pure Olive Oil were:

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Trade Value of Pure Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $20M
TOP IMPORT POTENTIALItaly+ $3.12M

Pure Olive Oil’s highest export potential is United States. With an export gap of $20M.   Pure Olive Oil’s highest import potential is Italy with an import gap of $3.12M.

See methodology.

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