Pure Olive Oil1509 (Harmonized System 1992 for 4-digit)
2020 World Trade: $7.77B, Rnk 373 / 1217
2020 Top Exporter | Top Importer: $3.26B | $1.47B, United States | Spain
2020 Product Complexity: -0.83, Rnk 786 / 1028
2019 - 2020 Export Growth (CAGR): 7.59%, Rnk 160 / 1217
2018 Mean Tariff: 22%, Rnk 79 / 1259
2020 Share of World Trade: 0.046%, Rnk 373 / 1217
Overview This page contains the latest trade data of Pure Olive Oil. In 2020, Pure Olive Oil were the world's 373rd most traded product, with a total trade of $7.77B. Between 2019 and 2020 the exports of Pure Olive Oil grew by 7.59%, from $7.22B to $7.77B. Trade in Pure Olive Oil represent 0.046% of total world trade.
Pure Olive Oil are a part of Animal or vegetable fats and oils and their cleavage products. They include Olive oil, virginand Olive oil, fractions, refined, not chemically modifie.
Exports In 2020 the top exporters of Pure Olive Oil were Spain ($3.26B), Italy ($1.61B), Tunisia ($861M), Portugal ($677M), and Greece ($583M).
Imports In 2020 the top importers of Pure Olive Oil were United States ($1.47B), Italy ($1.46B), Spain ($560M), France ($476M), and Brazil ($425M).
Tariffs In 2018 the average tariff for Pure Olive Oil was 22%, making it the 79th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Pure Olive Oil are Cyprus (261%), Iran (70%), Lebanon (70%), and Bhutan (48.9%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Maldives (0%), and Pakistan (0%).
Ranking Pure Olive Oil ranks 786th in the Product Complexity Index (PCI).
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): Spain, $3.26B
Top Destination (2020): United States, $1.47B
Pure Olive Oil are the world's 373rd most traded product.
In 2020, the top exporters of Pure Olive Oil were Spain ($3.26B), Italy ($1.61B), Tunisia ($861M), Portugal ($677M), and Greece ($583M).
In 2020, the top importers of Pure Olive Oil were United States ($1.47B), Italy ($1.46B), Spain ($560M), France ($476M), and Brazil ($425M).
Trade by country
Top Origin Growth (2019 - 2020): Tunisia, $360M
Top Destination Growth (2019 - 2020): United States, $223M
Between 2019 and 2020, the exports of Pure Olive Oil grew the fastest in Tunisia ($360M), Greece ($174M), Italy ($129M), Portugal ($72.3M), and Mexico ($6.99M).
Between 2019 and 2020, the fastest growing importers of Pure Olive Oil were United States ($223M), Spain ($160M), Germany ($51.8M), Canada ($31.4M), and United Kingdom ($28.9M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Pure Olive Oil.
In 2020, market concentration measured using Shannon Entropy, was 2.69. This means that most of the exports of Pure Olive Oil are explained by 6 countries.
TOP NET EXPORTER (2020): Spain, $2.7B
TOP NET IMPORTER (2020): United States, $1.43B
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Pure Olive Oil were Spain ($2.7B), Tunisia ($860M), Greece ($580M), Portugal ($343M), and Italy ($152M).
In 2020, the countries that had a largest trade value in imports than in exports of Pure Olive Oil were United States ($1.43B), Brazil ($424M), France ($418M), Germany ($351M), and Japan ($257M).
In 2019, the world most traded Pure Olive Oil, disaggragated by their HS6 level were Olive oil, virgin ($6.54B)and Olive oil, fractions, refined, not chemically... ($1.23B)
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.
In 2018, the average tariff for importing Pure Olive Oil was 22%. The countries with the highest tariffs for importing Pure Olive Oil were Cyprus (261%), Iran (70%), Lebanon (70%), and Bhutan (48.9%).
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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