HS Icon Pure Olive Oil

1509 (Harmonized System 1992 for 4-digit)

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).

View
Flow
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.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

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).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

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).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

Value

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.

Explore Visualizations

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).

Disaggregation

#permalink to section
Value

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)

Country Comparison

#permalink to section
Flow
Measure
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.

Import Tariffs

#permalink to section

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%).

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
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.

Country by Relatedness

#permalink to section

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.