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Pricing

Olive oil and its fractions; whether or not refined, but not chemically modified

1509 (Harmonized System 1992 for 4-digit)

2023
World Trade $11.9BRnk 320 / 1217
2023
Top Exporter | Top Importer $4.69B | $2.57BSpain | Italy
2023
Product Complexity -0.71Rnk 781 / 1044
2022 - 2023
Export Growth (CAGR) 15.1%Rnk 96 / 1217
2023
Share of World Trade 0.053%Rnk 320 / 1217

About

Overview This page contains the latest trade data of Pure Olive Oil. In 2023, Pure Olive Oil were the world's 320th most traded product, with a total trade of $11.9B. Between 2022 and 2023 the exports of Pure Olive Oil grew by 15.1%, from $10.3B to $11.9B. Trade in Pure Olive Oil represent 0.053% of total world trade.

Pure Olive Oil are a part of Animal or vegetable fats, oils, & waxes. They include Olive oil, virgin and Olive oil, fractions, refined, not chemically modifie.

Exports In 2023 the top exporters of Pure Olive Oil  were Spain ($4.69B), Italy ($2.14B), Greece ($1.35B), Portugal ($1.08B), and Tunisia ($927M).

Imports In 2023 the top importers of Pure Olive Oil were Italy ($2.57B), United States ($2.17B), Spain ($1.25B), France ($759M), and Brazil ($583M).

Ranking Pure Olive Oil ranks 781st in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Pure 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.

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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

Top Origin (2023)Spain$4.69B
Top Destination (2023)Italy$2.57B

In 2023 Pure Olive Oil were the world's 320th most traded product (out of 1,217).

In 2023, the top exporters of Pure Olive Oil were Spain ($4.69B), Italy ($2.14B), Greece ($1.35B), Portugal ($1.08B), and Tunisia ($927M).

In 2023, the top importers of Pure Olive Oil were Italy ($2.57B), United States ($2.17B), Spain ($1.25B), France ($759M), and Brazil ($583M).

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Exporters of Pure Olive Oil (2023)
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Importers of Pure Olive Oil (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Greece$526M
Top Destination Growth (2022 -  2023)Spain$489M

Between 2022 and 2023, the exports of Pure Olive Oil grew the fastest in Greece ($526M), Turkey ($323M), Italy ($252M), Portugal ($165M), and Syria ($134M).

Between 2022 and 2023, the fastest growing importers of Pure Olive Oil were Spain ($489M), United States ($321M), Italy ($315M), France ($156M), and Brazil ($127M).

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Exporters of Pure Olive Oil (2022 - 2023)

Importers of Pure Olive Oil (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 2.84. This means that most of the exports of Pure Olive Oil are explained by 7 countries.

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Value of Exports in Pure Olive Oil

Net Trade

TOP NET EXPORTER (2023)Spain$3.44B
TOP NET IMPORTER (2023)United States$2.14B

This map shows which countries export or import more of Pure Olive Oil. Each country is colored based on the difference in exports and imports of Pure Olive Oil during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Pure Olive Oil were Spain ($3.44B), Greece ($1.33B), Tunisia ($922M), Portugal ($531M), and Turkey ($361M).

In 2023, the countries that had a largest trade value in imports than in exports of Pure Olive Oil were United States ($2.14B), France ($671M), Brazil ($582M), Germany ($439M), and Italy ($426M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Pure Olive Oil, disaggragated by their HS6 level were Olive oil, virgin ($9.82B) and Olive oil, fractions, refined, not chemically... ($2.06B)

HS6 Disaggregation for Pure Olive Oil (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Pure Olive Oil by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $18.3M
TOP IMPORT POTENTIALItaly+ $14.8M

Pure Olive Oil’s highest export potential is India. With an export gap of $18.3M.  Pure Olive Oil’s highest import potential is Italy with an import gap of $14.8M.

See methodology.

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Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Pure Olive Oil.

Country by Relatedness

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

Relative Relatedness by Country (2023)

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