HS Icon Olives, prepared or preserved, not frozen/vinegar

200570 (Harmonized System 1992 for 6-digit)

World Trade (2018): $2.08B, Rnk 1296 / 4726

Top Exporter (2018): $785M, Spain

Top Importer (2018): $451M, United States

Product Complexity (2018): -1.2, Rnk 4205 / 4873

Export Growth (CAGR)(2017 - 2018): 9.6%, Rnk 2737 / 4726

Mean Tariff (2018): 17%, Rnk 828 / 6538

Share of World Trade (2018): 0.011%, Rnk 1296 / 4726

Overview:  This page contains the latest trade data of Olives, prepared or preserved, not frozen/vinegar. In 2018, Olives, prepared or preserved, not frozen/vinegar were the world's 1296th most traded product, with a total trade of $2.08B. Between 2017 and 2018 the exports of Olives, prepared or preserved, not frozen/vinegar grew by 9.6%, from  $1.89B to $2.08B. Trade in Olives, prepared or preserved, not frozen/vinegar represent 0.011% of total world trade.

Exports: In 2018 the top exporters of Olives, prepared or preserved, not frozen/vinegar  were Spain ($785M), Greece ($499M), Morocco ($160M), Turkey ($119M), and Egypt ($86.4M).

Imports: In 2018 the top importers of Olives, prepared or preserved, not frozen/vinegar were United States ($451M), Germany ($161M), France ($156M), Italy ($129M), and Russia ($99.6M).

Tariffs: In 2018 the average tariff for Olives, prepared or preserved, not frozen/vinegar was 17%, been the 828 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Olives, prepared or preserved, not frozen/vinegar are Lebanon (62.8%), Cyprus (57%), Angola (50%), Syria (46%), and Iran (45%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Maldives (0%), Singapore (0%), and Switzerland (0%).

Ranking: Olives, prepared or preserved, not frozen/vinegar ranks 4205th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Spain, $785M

Top Destination (2018): United States, $451M

Olives, prepared or preserved, not frozen/vinegar are the world's 1296th most traded product.

In 2018, the top exporters of Olives, prepared or preserved, not frozen/vinegar were Spain ($785M), Greece ($499M), Morocco ($160M), Turkey ($119M), and Egypt ($86.4M).

In 2018, the top importers of Olives, prepared or preserved, not frozen/vinegar were United States ($451M), Germany ($161M), France ($156M), Italy ($129M), and Russia ($99.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Greece, $62.2M

Top Destination Growth (2017 - 2018): Canada, $31.6M

Between 2017 and 2018, the exports of Olives, prepared or preserved, not frozen/vinegar grew the fastest in Greece ($62.2M), Morocco ($23.8M), Spain ($20.9M), Belgium-Luxembourg ($20.8M), and Turkey ($16.1M).

Between 2017 and 2018, the fastest growing importers of Olives, prepared or preserved, not frozen/vinegar were Canada ($31.6M), Germany ($23.3M), France ($19.7M), Spain ($14.5M), and Portugal ($10.8M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Olives, prepared or preserved, not frozen/vinegar.

In 2018,  market concentration measured using Shannon Entropy, was 3.04. This means that most of the exports of Olives, prepared or preserved, not frozen/vinegar are explained by 8 countries.

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TOP NET EXPORTER (2018): Spain, $750M

TOP NET IMPORTER (2018): United States, $437M

This map shows which countries export or import more of Olives, prepared or preserved, not frozen/vinegar. Each country is colored based on the difference in exports and imports of Olives, prepared or preserved, not frozen/vinegar during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Olives, prepared or preserved, not frozen/vinegar were Spain ($750M), Greece ($477M), Morocco ($159M), Turkey ($118M), and Egypt ($86M).

In 2018, the countries that had a largest trade value in imports than in exports of Olives, prepared or preserved, not frozen/vinegar were United States ($437M), France ($143M), Germany ($139M), Russia ($98M), and Brazil ($87.6M).

Trade Forecasts

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This section shows forecasts for total trade for Olives, prepared or preserved, not frozen/vinegar. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Olives, prepared or preserved, not frozen/vinegar was 17%.  The countries with the highest tariffs for importing Olives, prepared or preserved, not frozen/vinegar were Lebanon (62.8%), Cyprus (57%), Angola (50%), Syria (46%), and Iran (45%).

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Product Complexity

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Diversification Frontier

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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.