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Exports In 2022, Italy exported $115M in Olive Oil, making it the 2nd largest exporter of Olive Oil in the world. At the same year, Olive Oil was the 548th most exported product in Italy. The main destination of Olive Oil exports from Italy are: Spain ($22.2M), South Korea ($8.45M), United States ($7.4M), Germany ($7.18M), and Latvia ($4.25M).

The fastest growing export markets for Olive Oil of Italy between 2021 and 2022 were Spain ($5.5M), South Korea ($2.83M), and Germany ($2.26M).

Imports In 2022, Italy imported $84M in Olive Oil, becoming the 2nd largest importer of Olive Oil in the world. At the same year, Olive Oil was the 630th most imported product in Italy. Italy imports Olive Oil primarily from: Spain ($47.3M), Greece ($34.6M), Portugal ($1.58M), Turkey ($343k), and United States ($81k).

The fastest growing import markets in Olive Oil for Italy between 2021 and 2022 were Spain ($15.2M), Greece ($13.4M), and Portugal ($1.39M).

COMPANIES In 2023, leading companies such as Prime Line Coffee (37), Filippo Berio (33), and Certified Origins (31) were at the forefront of shipping Olive Oil from Italy to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€3.06M(49.8%)
IMPORT GROWTH (June 2023 - June 2024)€-2.41M(-27.6%)
MAIN DESTINATION (June 2024)Spain€4.59M

This section shows Olive Oil's exports and imports data at subnational level for Italy. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Olive Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$115M
IMPORTS (2022)$84M
NET TRADE (2022)$31M

In 2022, Italy exported $115M in Olive Oil. The main destinations of Italy exports on Olive Oil were Spain ($22.2M), South Korea ($8.45M), United States ($7.4M), Germany ($7.18M), and Latvia ($4.25M).

In 2022, Italy imported $84M in Olive Oil, mainly from Spain ($47.3M), Greece ($34.6M), Portugal ($1.58M), Turkey ($343k), and United States ($81k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Olive Oil EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Spain$5.5M (32.9%)
South Korea$2.83M (50.5%)
Germany$2.26M (45.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Olive Oil BY Italy WERE (2021 - 2022):
Ukraine-$837k (-46.8%)
Russia-$729k (-17.4%)
India-$415k (-11.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Olive Oil were:
Spain $322M
Greece $69.6M
In 2022, Italy's main importing competitors in Olive Oil were:

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Trade Value of Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $637k
TOP IMPORT POTENTIALTurkey+ $412k

Olive Oil’s highest export potential is France. With an export gap of $637k.   Olive Oil’s highest import potential is Turkey with an import gap of $412k.

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