HS Icon Pure Olive Oil

1509 (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).

Exporters and Importers

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Trade By Country

Top Origin (2019): Spain, $3.39B

Top Destination (2019): Italy, $1.49B

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).

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Market Dynamics

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Trade by country

Value

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).

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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 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.

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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).

Disaggregation

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Value

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)

Import Tariffs

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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%).

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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.