Olive oil, virgin150910 (Harmonized System 1992 for 6-digit)
World Trade (2018): $7B, Rnk 462 / 4726
Top Exporter (2018): $2.83B, Spain
Top Importer (2018): $1.63B, Italy
Product Complexity (2018): -0.88, Rnk 2163 / 2722
Export Growth (CAGR)(2017 - 2018): 5.1%, Rnk 3321 / 4726
Mean Tariff (2018): 19.3%, Rnk 654 / 6538
Share of World Trade (2018): 0.038%, Rnk 462 / 4726
Overview: This page contains the latest trade data of Olive oil, virgin. In 2018, Olive oil, virgin were the world's 462nd most traded product, with a total trade of $7B. Between 2017 and 2018 the exports of Olive oil, virgin grew by 5.1%, from $6.66B to $7B. Trade in Olive oil, virgin represent 0.038% of total world trade.
Exports: In 2018 the top exporters of Olive oil, virgin were Spain ($2.83B), Italy ($1.41B), Tunisia ($747M), Greece ($663M), and Portugal ($632M).
Imports: In 2018 the top importers of Olive oil, virgin were Italy ($1.63B), United States ($1.1B), Spain ($612M), France ($550M), and Brazil ($390M).
Tariffs: In 2018 the average tariff for Olive oil, virgin was 19.3%, been the 654 lowest tariff using the HS6 product classification.
The countries with the highest import tariffs for Olive oil, virgin are Cyprus (261%), Lebanon (64.3%), Iran (50%), Syria (46%), and Jamaica (40%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Maldives (0%), and Pakistan (0%).
Ranking: Olive oil, virgin ranks 2163rd in the Product Complexity Index (PCI).
Trade By Country
Olive oil, virgin are the world's 462nd most traded product.
In 2018, the top exporters of Olive oil, virgin were Spain ($2.83B), Italy ($1.41B), Tunisia ($747M), Greece ($663M), and Portugal ($632M).
In 2018, the top importers of Olive oil, virgin were Italy ($1.63B), United States ($1.1B), Spain ($612M), France ($550M), and Brazil ($390M).
Trade by country
Between 2017 and 2018, the exports of Olive oil, virgin grew the fastest in Tunisia ($389M), Portugal ($181M), Greece ($167M), Syria ($63.5M), and Turkey ($53.7M).
Between 2017 and 2018, the fastest growing importers of Olive oil, virgin were Spain ($237M), Brazil ($96M), Canada ($77.2M), Saudi Arabia ($71.8M), and Germany ($42.3M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Olive oil, virgin.
In 2018, market concentration measured using Shannon Entropy, was 2.72. This means that most of the exports of Olive oil, virgin are explained by 6 countries.
TOP NET EXPORTER (2018): Spain, $2.21B
TOP NET IMPORTER (2018): United States, $1.09B
This map shows which countries export or import more of Olive oil, virgin. Each country is colored based on the difference in exports and imports of Olive oil, virgin during 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Olive oil, virgin were Spain ($2.21B), Tunisia ($746M), Greece ($661M), Portugal ($354M), and Turkey ($128M).
In 2018, the countries that had a largest trade value in imports than in exports of Olive oil, virgin were United States ($1.09B), France ($504M), Brazil ($390M), Germany ($326M), and Japan ($218M).
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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