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HS Icon Olive Oil

Oils and their fractions n.e.c. in chapter 15, obtained solely from olives, whether or not refined, but not chemically modified, including blends of these oils or fractions with oils or fractions of heading no. 1509

1510 (Harmonized System 1992 for 4-digit)

2021
World Trade: $510M, Rnk 1040 / 1217

2021
Top Exporter | Top Importer: $230M | $80.2M, Spain | Spain

2020 - 2021
Export Growth (CAGR): 45.5%, Rnk 144 / 1217

2018
Mean Tariff: 26.4%, Rnk 34 / 1259

2021
Share of World Trade: <0.01%, Rnk 1040 / 1217

About

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Overview This page contains the latest trade data of Olive Oil. In 2021, Olive Oil were the world's 1040th most traded product, with a total trade of $510M. Between 2020 and 2021 the exports of Olive Oil grew by 45.5%, from $351M to $510M. Trade in Olive Oil represent 0.000024% of total world trade.

Olive Oil are a part of Animal or vegetable fats, oils, & waxes. They include Olive oil, fractions, blends, not chemically modified.

Exports In 2021 the top exporters of Olive Oil  were Spain ($230M), Italy ($90M), Greece ($70.5M), Morocco ($23.8M), and Tunisia ($19.4M).

Imports In 2021 the top importers of Olive Oil were Spain ($80.2M), Italy ($61.6M), United States ($34.3M), Portugal ($22.1M), and United Kingdom ($22M).

Tariffs In 2018 the average tariff for Olive Oil was 26.4%, making it the 34th lowest tariff using the HS4 product classification.

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Latest Data

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View
Flow
Y-AXIS SCALE

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

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

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

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2021): Spain, $230M

Top Destination (2021): Spain, $80.2M

Olive Oil are the world's 1040th most traded product.

In 2021, the top exporters of Olive Oil were Spain ($230M), Italy ($90M), Greece ($70.5M), Morocco ($23.8M), and Tunisia ($19.4M).

In 2021, the top importers of Olive Oil were Spain ($80.2M), Italy ($61.6M), United States ($34.3M), Portugal ($22.1M), and United Kingdom ($22M).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): Spain, $63.6M

Top Destination Growth (2020 -  2021): Spain, $30.9M

Between 2020 and 2021, the exports of Olive Oil grew the fastest in Spain ($63.6M), Italy ($32.5M), Greece ($31.4M), Morocco ($16.4M), and Netherlands ($11.4M).

Between 2020 and 2021, the fastest growing importers of Olive Oil were Spain ($30.9M), Italy ($23.4M), United States ($17.1M), United Kingdom ($16M), and Portugal ($7.94M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Olive Oil.

In 2021, market concentration measured using Shannon Entropy, was 2.69. This means that most of the exports of Olive Oil are explained by 6 countries.

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Net Trade

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TOP NET EXPORTER (2021): Spain, $150M

TOP NET IMPORTER (2021): United States, $29.3M

This map shows which countries export or import more of Olive Oil. Each country is colored based on the difference in exports and imports of Olive Oil during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Olive Oil were Spain ($150M), Greece ($62.6M), Italy ($28.4M), Morocco ($23.4M), and Tunisia ($17.9M).

In 2021, the countries that had a largest trade value in imports than in exports of Olive Oil were United States ($29.3M), United Kingdom ($21.2M), Russia ($16.7M), Saudi Arabia ($16M), and Poland ($11.9M).

Disaggregation

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Value

In 2021, the world most traded Olive Oil, disaggragated by their HS6 level were Olive oil, fractions, blends, not chemically... ($510M)

Country Comparison

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Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Olive Oil.
It is possible to select the main countries that export or import Olive Oil in the world, or by continent, as well as select the measure of interest.

Product Complexity

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Diversification Frontier

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Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Country by Relatedness

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The following visualization shows the relatedness of Olive Oil to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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