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Exports In 2023, Portugal exported $57.2M in Olive Oil, making it the 4th largest exporter of Olive Oil in the world. At the same year, Olive Oil was the 255th most exported product in Portugal. The main destination of Olive Oil exports from Portugal are: Spain ($45.6M), Italy ($6.91M), Poland ($1.41M), Angola ($893k), and France ($585k).

The fastest growing export markets for Olive Oil of Portugal between 2022 and 2023 were Spain ($12.1M), Italy ($6.78M), and Poland ($772k).

Imports In 2023, Portugal imported $54.2M in Olive Oil, becoming the 4th largest importer of Olive Oil in the world. At the same year, Olive Oil was the 365th most imported product in Portugal. Portugal imports Olive Oil primarily from: Spain ($53.4M), Greece ($718k), France ($64.5k), Germany ($21.6k), and Italy ($5k).

The fastest growing import markets in Olive Oil for Portugal between 2022 and 2023 were France ($62.3k), Germany ($17.1k), and Morocco ($40).

COMPANIES In 2023, leading companies such as Prime Line Coffee (1) were at the forefront of shipping Olive Oil from Portugal to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Olive Oil. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$57.2M
IMPORTS (2023)$54.2M
NET TRADE (2023)$2.96M

In 2023, Portugal exported $57.2M in Olive Oil. The main destinations of Portugal exports on Olive Oil were Spain ($45.6M), Italy ($6.91M), Poland ($1.41M), Angola ($893k), and France ($585k).

In 2023, Portugal imported $54.2M in Olive Oil, mainly from Spain ($53.4M), Greece ($718k), France ($64.5k), Germany ($21.6k), and Italy ($5k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Olive Oil EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
Spain$12.1M (36.2%)
Italy$6.78M (5.19k%)
Poland$772k (122%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Olive Oil BY Portugal WERE (2022 - 2023):
Japan-$580k (-70%)
Bulgaria-$303k (-89.2%)
Russia-$120k (-76.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Portugal's main exporting competitors in Olive Oil were:
Spain $320M
Italy $114M
In 2023, Portugal's main importing competitors in Olive Oil were:

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Trade Value of Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALRussia+ $179k
TOP IMPORT POTENTIALItaly+ $385k

Olive Oil’s highest export potential is Russia. With an export gap of $179k.   Olive Oil’s highest import potential is Italy with an import gap of $385k.

See methodology.

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