Overview: This page contains the latest trade data of Pure Olive Oil. In 2018, Pure Olive Oil were the world's 370th most traded product, with a total trade of $8.5B. Between 2017 and 2018 the exports of Pure Olive Oil grew by 3.8%, from $8.19B to $8.5B. Trade in Pure Olive Oil represent 0.046% of total world trade.
Exports: In 2018 the top exporters of Pure Olive Oil were Spain ($3.68B), Italy ($1.67B), Tunisia ($789M), Portugal ($723M), and Greece ($696M).
Imports: In 2018 the top importers of Pure Olive Oilwere Italy ($1.81B), United States ($1.44B), Spain ($646M), France ($573M), and Brazil ($450M).
Tariffs: In 2018 the average tariff for Pure Olive Oil was 22.8%, been the 78 lowest tariff using the HS4 product classification.
Top Destination Growth (2017 - 2018): Spain, $232M
Between 2017 and 2018, the exports of Pure Olive Oil grew the fastest in Tunisia ($389M), Portugal ($187M), Greece ($180M), Turkey ($82.9M), and Syria ($72.1M).
Between 2017 and 2018, the fastest growing importers of Pure Olive Oil were Spain ($232M), Brazil ($114M), Canada ($87.9M), Saudi Arabia ($76.9M), and Germany ($36.5M).
This chart shows the evolution of the market concentration of exports of Pure Olive Oil.
In 2018, market concentration measured using Shannon Entropy, was 2.7. This means that most of the exports of Pure Olive Oil are explained by 6 countries.
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 2018.
In 2018, the countries that had a largest trade value in exports than in imports of Pure Olive Oil were Spain ($3.04B), Tunisia ($787M), Greece ($691M), Portugal ($341M), and Turkey ($229M).
In 2018, the countries that had a largest trade value in imports than in exports of Pure Olive Oil were United States ($1.41B), France ($514M), Brazil ($450M), Germany ($347M), and Japan ($291M).
In 2018, the average tariff for importing Pure Olive Oil was 22.8%. The countries with the highest tariffs for importing Pure Olive Oil were Cyprus (261%), Iran (70%), Lebanon (64.3%), Syria (46%), and Jamaica (40%).
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.