HS Icon Olive Oil

1510 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Olive Oil. In 2020, Olive Oil were the world's 1065th most traded product, with a total trade of $340M. Between 2019 and 2020 the exports of Olive Oil decreased by -11.4%, from $384M to $340M. Trade in Olive Oil represent 0.002% of total world trade.

Olive Oil are a part of Animal or vegetable fats and oils and their cleavage products. They include Olive oil, fractions, blends, not chemically modified.

Exports In 2020 the top exporters of Olive Oil  were Spain ($167M), Italy ($60.2M), Greece ($38.7M), Portugal ($17.7M), and Turkey ($11M).

Imports In 2020 the top importers of Olive Oil were Spain ($49.8M), Italy ($35.3M), United Arab Emirates ($19.9M), United States ($17.2M), and Portugal ($14.2M).

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

The countries with the highest import tariffs for Olive Oil are Cyprus (272%), Iran (55%), Bhutan (48.9%), and Syria (46%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Maldives (0%), and Pakistan (0%).

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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 (2020): Spain, $167M

Top Destination (2020): Spain, $49.8M

Olive Oil are the world's 1065th most traded product.

In 2020, the top exporters of Olive Oil were Spain ($167M), Italy ($60.2M), Greece ($38.7M), Portugal ($17.7M), and Turkey ($11M).

In 2020, the top importers of Olive Oil were Spain ($49.8M), Italy ($35.3M), United Arab Emirates ($19.9M), United States ($17.2M), and Portugal ($14.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Greece, $12.4M

Top Destination Growth (2019 - 2020): Spain, $4.48M

Between 2019 and 2020, the exports of Olive Oil grew the fastest in Greece ($12.4M), United States ($2.39M), Malaysia ($2.22M), United Arab Emirates ($1.66M), and Portugal ($966k).

Between 2019 and 2020, the fastest growing importers of Olive Oil were Spain ($4.48M), China ($4.38M), Iraq ($3.64M), Ethiopia ($1.68M), and Portugal ($1.5M).

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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 2020,  market concentration measured using Shannon Entropy, was 2.62. This means that most of the exports of Olive Oil are explained by 6 countries.

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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 2020.

Disaggregation

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Value

In 2019, the world most traded Olive Oil, disaggragated by their HS6 level were Olive oil, fractions, blends, not chemically... ($340M)

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.

Import Tariffs

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In 2018, the average tariff for importing Olive Oil was 26.4%. The countries with the highest tariffs for importing Olive Oil were Cyprus (272%), Iran (55%), Bhutan (48.9%), and Syria (46%).

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.