Pure Olive Oil1509 (Harmonized System 1992 for 4-digit)
2019 World Trade: $7.17B, Rnk 404 / 1217
2019 Top Exporter | Top Importer: $3.39B | $1.49B, Spain | Italy
2019 Product Complexity: -0.81, Rnk 736 / 961
2018 - 2019 Export Growth (CAGR): -16.1%, Rnk 1096 / 1217
2018 Mean Tariff: 22.8%, Rnk 78 / 1259
2019 Share of World Trade: 0.04%, Rnk 404 / 1217
Overview: This page contains the latest trade data of Pure Olive Oil. In 2019, Pure Olive Oil were the world's 404th most traded product, with a total trade of $7.17B. Between 2018 and 2019 the exports of Pure Olive Oil decreased by -16.1%, from $8.54B to $7.17B. Trade in Pure Olive Oil represent 0.04% of total world trade.
Exports: In 2019 the top exporters of Pure Olive Oil were Spain ($3.39B), Italy ($1.48B), Portugal ($604M), Tunisia ($502M), and Greece ($400M).
Imports: In 2019 the top importers of Pure Olive Oil were Italy ($1.49B), United States ($1.23B), France ($466M), Brazil ($404M), and Spain ($402M).
Tariffs: In 2018 the average tariff for Pure Olive Oil was 22.8%, making it the 78th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Pure Olive Oil are Cyprus (261%), Iran (70%), Lebanon (64.3%), 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: Pure Olive Oil ranks 736th in the Product Complexity Index (PCI).
Trade By Country
Pure Olive Oil are the world's 404th most traded product.
In 2019, the top exporters of Pure Olive Oil were Spain ($3.39B), Italy ($1.48B), Portugal ($604M), Tunisia ($502M), and Greece ($400M).
In 2019, the top importers of Pure Olive Oil were Italy ($1.49B), United States ($1.23B), France ($466M), Brazil ($404M), and Spain ($402M).
Trade by country
Top Origin Growth (2018 - 2019): Morocco, $17.9M
Top Destination Growth (2018 - 2019): Turkey, $49.4M
Between 2018 and 2019, the exports of Pure Olive Oil grew the fastest in Morocco ($17.9M), Netherlands ($4.96M), Peru ($3.43M), Uruguay ($2.39M), and Mexico ($937k).
Between 2018 and 2019, the fastest growing importers of Pure Olive Oil were Turkey ($49.4M), Japan ($10.8M), Israel ($2.54M), Ukraine ($2.13M), and Greece ($2.1M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Pure Olive Oil.
In 2019, market concentration measured using Shannon Entropy, was 2.59. This means that most of the exports of Pure Olive Oil are explained by 6 countries.
TOP NET EXPORTER (2019): Spain, $2.99B
TOP NET IMPORTER (2019): United States, $1.21B
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 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Pure Olive Oil were Spain ($2.99B), Tunisia ($499M), Greece ($393M), Portugal ($280M), and Syria ($119M).
In 2019, the countries that had a largest trade value in imports than in exports of Pure Olive Oil were United States ($1.21B), France ($406M), Brazil ($404M), Germany ($306M), and Japan ($302M).
In 2019, the world most traded Pure Olive Oil, disaggragated by their HS6 level were Olive oil, virgin ($6.07B) and Olive oil, fractions, refined, not chemically... ($1.1B)
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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