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

1509 (Harmonized System 1992 for 4-digit)

2022
World Trade $10.3BRnk 369 / 1218
2022
Top Exporter | Top Importer $4.43B | $2.17BSpain | Italy
2022
Product Complexity -0.78Rnk 786 / 1033
2021 - 2022
Export Growth (CAGR) 17.3%Rnk 237 / 1218
2022
Share of World Trade 0.044%Rnk 369 / 1218

About

Overview This page contains the latest trade data of Pure Olive Oil. In 2022, Pure Olive Oil were the world's 369th most traded product, with a total trade of $10.3B. Between 2021 and 2022 the exports of Pure Olive Oil grew by 17.3%, from $8.81B to $10.3B. Trade in Pure Olive Oil represent 0.044% 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 2022 the top exporters of Pure Olive Oil  were Spain ($4.43B), Italy ($1.87B), Portugal ($962M), Greece ($863M), and Tunisia ($827M).

Imports In 2022 the top importers of Pure Olive Oil were Italy ($2.17B), United States ($1.76B), Spain ($892M), France ($594M), and Brazil ($516M).

Ranking Pure Olive Oil ranks 786th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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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 (2022)Spain$4.43B
Top Destination (2022)Italy$2.17B

In 2022 Pure Olive Oil were the world's 369th most traded product (out of 1,218).

In 2022, the top exporters of Pure Olive Oil were Spain ($4.43B), Italy ($1.87B), Portugal ($962M), Greece ($863M), and Tunisia ($827M).

In 2022, the top importers of Pure Olive Oil were Italy ($2.17B), United States ($1.76B), Spain ($892M), France ($594M), and Brazil ($516M).

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Exporters of Pure Olive Oil (2022)
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Importers of Pure Olive Oil (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Spain$502M
Top Destination Growth (2021 -  2022)Italy$305M

Between 2021 and 2022, the exports of Pure Olive Oil grew the fastest in Spain ($502M), Turkey ($167M), Greece ($152M), Tunisia ($132M), and Portugal ($132M).

Between 2021 and 2022, the fastest growing importers of Pure Olive Oil were Italy ($305M), Spain ($300M), United States ($262M), India ($228M), and Brazil ($68.5M).

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Exporters of Pure Olive Oil (2021 - 2022)

Importers of Pure Olive Oil (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 2.82. 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 (2022)Spain$3.54B
TOP NET IMPORTER (2022)United States$1.71B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Pure Olive Oil were Spain ($3.54B), Greece ($857M), Tunisia ($826M), Portugal ($538M), and Turkey ($232M).

In 2022, the countries that had a largest trade value in imports than in exports of Pure Olive Oil were United States ($1.71B), France ($529M), Brazil ($516M), Germany ($407M), and Italy ($292M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Pure Olive Oil, disaggragated by their HS6 level were Olive oil, virgin ($8.16B) and Olive oil, fractions, refined, not chemically... ($2.17B)

HS6 Disaggregation for Pure Olive Oil (2022)
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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 (2022)

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 (2022)

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