Olive Oil1510 (Harmonized System 1992 for 4-digit)
2020 World Trade: $340M, Rnk 1065 / 1217
2020 Top Exporter | Top Importer: $167M | $49.8M, Spain | Spain
2019 - 2020 Export Growth (CAGR): -11.4%, Rnk 779 / 1217
2018 Mean Tariff: 26.4%, Rnk 34 / 1259
2020 Share of World Trade: 0.002%, Rnk 1065 / 1217
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, oils, & waxes. 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 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.
Trade By Country
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).
Trade by country
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).
Cumulative market share
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.
TOP NET EXPORTER (2020): Spain, $117M
TOP NET IMPORTER (2020): United Arab Emirates, $16.3M
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Olive Oil were Spain ($117M), Greece ($36.9M), Italy ($24.9M), Turkey ($9.02M), and Tunisia ($8.24M).
In 2020, the countries that had a largest trade value in imports than in exports of Olive Oil were United Arab Emirates ($16.3M), United States ($13.7M), Saudi Arabia ($12.4M), Russia ($10.1M), and China ($9.82M).
In 2020, the world most traded Olive Oil, disaggragated by their HS6 level were Olive oil, fractions, blends, not chemically... ($340M)
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.
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.
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