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Vegetable oils; olive oil and its fractions, virgin olive oil, whether or not refined, but not chemically modified

150930 (Harmonized System 2022 for 6-digit)

2022
World Trade $442MRnk 3321 / 5606
2022
Top Exporter | Top Importer $128M | $51.3MTurkey | United States
2022
Product Complexity -0.97Rnk 4635 / 5606
2022
Share of World Trade 0.0019%Rnk 3321 / 5606

About

Overview This page contains the latest trade data of Virgin olive oil. In 2022, Virgin olive oil were the world's 3321st most traded product, with a total trade of $442M.

Virgin olive oil are a part of Pure Olive Oil.

Exports In 2022 the top exporters of Virgin olive oil  were Turkey ($128M), Spain ($122M), Syria ($47.2M), Portugal ($31M), and Tunisia ($23.8M).

Imports In 2022 the top importers of Virgin olive oil were United States ($51.3M), Portugal ($45.6M), Italy ($37.5M), Turkey ($36.4M), and Spain ($34.4M).

Ranking Virgin olive oil ranks 4635th 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 Virgin 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.

Explore Latest Trends

* 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)Turkey$128M
Top Destination (2022)United States$51.3M

In 2022 Virgin olive oil were the world's 3321st most traded product (out of 5,606).

In 2022, the top exporters of Virgin olive oil were Turkey ($128M), Spain ($122M), Syria ($47.2M), Portugal ($31M), and Tunisia ($23.8M).

In 2022, the top importers of Virgin olive oil were United States ($51.3M), Portugal ($45.6M), Italy ($37.5M), Turkey ($36.4M), and Spain ($34.4M).

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Exporters of Virgin olive oil (2022)
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Importers of Virgin olive oil (2022)
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Market Dynamics

Color
Top Origin Growth (false -  2022)Turkey$128M
Top Destination Growth (false -  2022)United States$51.3M

Between false and 2022, the exports of Virgin olive oil grew the fastest in Turkey ($128M), Spain ($122M), Syria ($47.2M), Portugal ($31M), and Tunisia ($23.8M).

Between false and 2022, the fastest growing importers of Virgin olive oil were United States ($51.3M), Portugal ($45.6M), Italy ($37.5M), Turkey ($36.4M), and Spain ($34.4M).

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Exporters of Virgin olive oil (NaN - 2022)

Importers of Virgin olive oil (NaN - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Virgin olive oil.

In 2022, market concentration measured using Shannon Entropy, was 3.17. This means that most of the exports of Virgin olive oil are explained by 8 countries.

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Value of Exports in Virgin olive oil

Net Trade

TOP NET EXPORTER (2022)Turkey$91.2M
TOP NET IMPORTER (2022)United States$50M

This map shows which countries export or import more of Virgin olive oil. Each country is colored based on the difference in exports and imports of Virgin olive oil during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Virgin olive oil were Turkey ($91.2M), Spain ($87.3M), Syria ($46.3M), Tunisia ($23.3M), and Greece ($15.9M).

In 2022, the countries that had a largest trade value in imports than in exports of Virgin olive oil were United States ($50M), Italy ($23.3M), Saudi Arabia ($22.7M), France ($19.1M), and Japan ($17.2M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Virgin olive oil by percentage of total exports

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)

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