2023
Exports
$1.08BWorld Rnk 4 / 160
Flag Rnk 12 / 1213
2023
PRODUCT COMPLEXITY IN Pure Olive Oil
-0.73Rnk 765 / 1025
2023
Imports
$549MWorld Rnk 6 / 221
Flag Rnk 31 / 1211
2023
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 132

About

Exports In 2023, Portugal exported $1.08B in Pure Olive Oil, making it the 4th largest exporter of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 12th most exported product in Portugal. The main destination of Pure Olive Oil exports from Portugal are: Spain ($496M), Brazil ($356M), Italy ($118M), United States ($42.8M), and Poland ($13M).

The fastest growing export markets for Pure Olive Oil of Portugal between 2022 and 2023 were Spain ($107M), Brazil ($89.8M), and France ($3.6M).

Imports In 2023, Portugal imported $549M in Pure Olive Oil, becoming the 6th largest importer of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 31st most imported product in Portugal. Portugal imports Pure Olive Oil primarily from: Spain ($504M), Argentina ($13.9M), Tunisia ($8M), Chile ($7.66M), and France ($6.05M).

The fastest growing import markets in Pure Olive Oil for Portugal between 2022 and 2023 were Spain ($72.8M), Argentina ($13.9M), and Tunisia ($7.98M).

COMPANIES In 2023, leading companies such as Certified Origins (8) were at the forefront of shipping Pure 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 Pure 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)$1.08B
IMPORTS (2023)$549M
NET TRADE (2023)$531M

In 2023, Portugal exported $1.08B in Pure Olive Oil. The main destinations of Portugal exports on Pure Olive Oil were Spain ($496M), Brazil ($356M), Italy ($118M), United States ($42.8M), and Poland ($13M).

In 2023, Portugal imported $549M in Pure Olive Oil, mainly from Spain ($504M), Argentina ($13.9M), Tunisia ($8M), Chile ($7.66M), and France ($6.05M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pure Olive Oil EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
Spain$107M (27.6%)
Brazil$89.8M (33.7%)
France$3.6M (38.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pure Olive Oil BY Portugal WERE (2022 - 2023):
Italy-$36.7M (-23.7%)
Angola-$3.24M (-30.6%)
Japan-$1.7M (-82.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Portugal's main exporting competitors in Pure Olive Oil were:
Spain $4.69B
Italy $2.14B
Greece $1.35B
In 2023, Portugal's main importing competitors in Pure Olive Oil were:

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Trade Value of Pure Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $20M
TOP IMPORT POTENTIALItaly+ $3.12M

Pure Olive Oil’s highest export potential is United States. With an export gap of $20M.   Pure Olive Oil’s highest import potential is Italy with an import gap of $3.12M.

See methodology.

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