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Vegetable oils; oils and their fractions n.e.c. in heading 1510, 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

151090 (Harmonized System 2022 for 6-digit)

2023
World Trade $474MRnk 3197 / 5606
2023
Top Exporter | Top Importer $297M | $51.9MSpain | Italy
2023
Product Complexity -0.89Rnk 4506 / 5606
2022 - 2023
Export Growth (CAGR) 6.55%Rnk 1250 / 5606
2023
Share of World Trade 0.0021%Rnk 3197 / 5606

About

Overview This page contains the latest trade data of Other types of olive oils and fractions including blends. In 2023, Other types of olive oils and fractions including blends were the world's 3197th most traded product, with a total trade of $474M. Between 2022 and 2023 the exports of Other types of olive oils and fractions including blends grew by 6.55%, from $445M to $474M. Trade in Other types of olive oils and fractions including blends represent 0.0021% of total world trade.

Other types of olive oils and fractions including blends are a part of Olive Oil.

Exports In 2023 the top exporters of Other types of olive oils and fractions including blends  were Spain ($297M), Italy ($81.2M), Turkey ($40.8M), Greece ($21.2M), and Portugal ($8.06M).

Imports In 2023 the top importers of Other types of olive oils and fractions including blends were Italy ($51.9M), United States ($43.3M), Saudi Arabia ($29.6M), Mexico ($24.2M), and United Arab Emirates ($21M).

Ranking Other types of olive oils and fractions including blends ranks 4506th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Other types of olive oils and fractions including blends. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Year
Top Origin (2023)Spain$297M
Top Destination (2023)Italy$51.9M

In 2023 Other types of olive oils and fractions including blends were the world's 3197th most traded product (out of 5,606).

In 2023, the top exporters of Other types of olive oils and fractions including blends were Spain ($297M), Italy ($81.2M), Turkey ($40.8M), Greece ($21.2M), and Portugal ($8.06M).

In 2023, the top importers of Other types of olive oils and fractions including blends were Italy ($51.9M), United States ($43.3M), Saudi Arabia ($29.6M), Mexico ($24.2M), and United Arab Emirates ($21M).

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Exporters of Other types of olive oils and fractions including blends (2023)
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Importers of Other types of olive oils and fractions including blends (2023)
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Market Dynamics

Starting
Ending
Color
Top Origin Growth (2022 -  2023)Turkey$14.4M
Top Destination Growth (2022 -  2023)Saudi Arabia$10.3M

Between 2022 and 2023, the exports of Other types of olive oils and fractions including blends grew the fastest in Turkey ($14.4M), Greece ($7.03M), Malaysia ($2.49M), Portugal ($2.42M), and Spain ($1.62M).

Between 2022 and 2023, the fastest growing importers of Other types of olive oils and fractions including blends were Saudi Arabia ($10.3M), Italy ($7.52M), Spain ($6.54M), Poland ($5.96M), and Mexico ($4.96M).

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Exporters of Other types of olive oils and fractions including blends (2022 - 2023)

Importers of Other types of olive oils and fractions including blends (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Other types of olive oils and fractions including blends.

In 2023, market concentration measured using Shannon Entropy, was 1.93. This means that most of the exports of Other types of olive oils and fractions including blends are explained by 3 countries.

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Value of Exports in Other types of olive oils and fractions including blends

Net Trade

Year
TOP NET EXPORTER (2023)Spain$283M
TOP NET IMPORTER (2023)United States$42.5M

This map shows which countries export or import more of Other types of olive oils and fractions including blends. Each country is colored based on the difference in exports and imports of Other types of olive oils and fractions including blends during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Other types of olive oils and fractions including blends were Spain ($283M), Turkey ($39.9M), Italy ($29.3M), Greece ($15.3M), and Tunisia ($1.67M).

In 2023, the countries that had a largest trade value in imports than in exports of Other types of olive oils and fractions including blends were United States ($42.5M), Saudi Arabia ($29.5M), Mexico ($24.2M), United Kingdom ($17.4M), and United Arab Emirates ($17.3M).

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Other types of olive oils and fractions including blends.
It is possible to select the main countries that export or import Other types of olive oils and fractions including blends in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Other types of olive oils and fractions including blends by percentage of total exports

Product Complexity

Diversification Frontier

Specialization
Year

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.

Relatedness vs Country Complexity (2023)

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