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2022
Exports $48.6MWorld Rnk 16 / 146
Flag Rnk 870 / 1217
2022
Destination $3.34M Canada
2021 - 2022
FASTEST GROWING MARKET $3.34MCanada
2022
PRODUCT COMPLEXITY IN Pure Olive Oil-0.75Rnk 772 / 1025
2022
Imports $1.76BWorld Rnk 2 / 218
Flag Rnk 272 / 1216
2022
Origin $154M Spain
2021 - 2022
FASTEST GROWING ORIGIN $154MSpain
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $48.6M in Pure Olive Oil, making it the 16th largest exporter of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 870th most exported product in United States. The main destination of Pure Olive Oil exports from United States are: Canada ($26.9M), Mexico ($8.11M), Kuwait ($2.28M), Honduras ($756k), and United Kingdom ($652k).

The fastest growing export markets for Pure Olive Oil of United States between 2021 and 2022 were Canada ($3.34M), Kuwait ($1.92M), and United Kingdom ($599k).

Imports In 2022, United States imported $1.76B in Pure Olive Oil, becoming the 2nd largest importer of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 272nd most imported product in United States. United States imports Pure Olive Oil primarily from: Spain ($687M), Italy ($596M), Tunisia ($182M), Turkey ($87.9M), and Greece ($56M).

The fastest growing import markets in Pure Olive Oil for United States between 2021 and 2022 were Spain ($154M), Italy ($68.2M), and Turkey ($39.5M).

COMPANIES In 2023, leading companies such as Certified Origins (1.47k), Filippo Berio (628), and Goya Foods (154) were at the forefront of shipping Pure Olive Oil to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Pure Olive Oil exports accounted up to $4.89M and imports accounted up to $236M, resulting in a negative trade balance of $232M. Between September 2023 and September 2024 the exports of United States'   Pure Olive Oil have decreased by $-3.87M (-44.2%) from $8.76M to $4.89M, while imports increased by $64.5M (37.5%) from $172M to $236M.

Destinations In September 2024, Pure Olive Oil were exported mostly to Canada ($3.07M), Mexico ($1.03M), South Korea ($99.8k), Hong Kong ($94.8k), and Bahamas ($78.9k), and were imported mostly from Italy ($82.5M), Spain ($70.8M), Tunisia ($26M), Turkey ($25.2M), and Argentina ($17.8M).

Growth In September 2024, the decrease in Pure Olive Oil's year-by-year exports was explained primarily by a decrease in exports to Honduras ($-121k or -83.2%), Nicaragua ($-25.6k or -62.6%), and Hong Kong ($-6.56k or -32.6%). In September 2024, the increase in Pure Olive Oil's year-by-year imports was explained primarily by an increase in imports from Turkey ($18.1M or 294%), Spain ($7.59M or 18.8%), and Portugal ($6.91M or 511%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-3.87M(-44.2%)
IMPORT GROWTH (September 2023 - September 2024)$64.5M(37.5%)
MAIN EXPORTER (September 2024)New Jersey$2.23M
MAIN DESTINATION (September 2024)Canada$3.07M

This section shows Pure Olive Oil's exports and imports data at subnational level for United States. 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 Pure Olive Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$48.6M
IMPORTS (2022)$1.76B
NET TRADE (2022)-$1.71B

In 2022, United States exported $48.6M in Pure Olive Oil. The main destinations of United States exports on Pure Olive Oil were Canada ($26.9M), Mexico ($8.11M), Kuwait ($2.28M), Honduras ($756k), and United Kingdom ($652k).

In 2022, United States imported $1.76B in Pure Olive Oil, mainly from Spain ($687M), Italy ($596M), Tunisia ($182M), Turkey ($87.9M), and Greece ($56M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pure Olive Oil EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$3.34M (14.2%)
Kuwait$1.92M (537%)
United Kingdom$599k (1.13k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pure Olive Oil BY United States WERE (2021 - 2022):
Panama-$1.46M (-81.7%)
Mexico-$994k (-10.9%)
El Salvador-$829k (-95.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Pure Olive Oil were:
Spain $4.43B
Italy $1.87B
Portugal $962M
In 2022, United States's main importing competitors in Pure Olive Oil were:
Italy $2.17B
Spain $892M

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Trade Value of Pure Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $2.28M
TOP IMPORT POTENTIALPortugal+ $20M

Pure Olive Oil’s highest export potential is Canada. With an export gap of $2.28M.   Pure Olive Oil’s highest import potential is Portugal with an import gap of $20M.

See methodology.

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