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Vegetable oils; olive oil and its fractions, extra virgin olive oil, whether or not refined, but not chemically modified

150920 (Harmonized System 2022 for 6-digit)

2023
World Trade $8.59BRnk 437 / 5606
2023
Top Exporter | Top Importer $3.18B | $2.05BSpain | Italy
2023
Product Complexity -1.17Rnk 4833 / 5606
2022 - 2023
Export Growth (CAGR) 16.6%Rnk 628 / 5606
2023
Share of World Trade 0.038%Rnk 437 / 5606

About

Overview This page contains the latest trade data of Extra virgin olive oil. In 2023, Extra virgin olive oil were the world's 437th most traded product, with a total trade of $8.59B. Between 2022 and 2023 the exports of Extra virgin olive oil grew by 16.6%, from $7.36B to $8.59B. Trade in Extra virgin olive oil represent 0.038% of total world trade.

Extra virgin olive oil are a part of Pure Olive Oil.

Exports In 2023 the top exporters of Extra virgin olive oil  were Spain ($3.18B), Italy ($1.85B), Greece ($1.2B), Portugal ($822M), and Tunisia ($771M).

Imports In 2023 the top importers of Extra virgin olive oil were Italy ($2.05B), United States ($1.51B), Spain ($783M), France ($569M), and Brazil ($504M).

Ranking Extra virgin olive oil ranks 4833rd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Extra virgin olive oil. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Year
Top Origin (2023)Spain$3.18B
Top Destination (2023)Italy$2.05B

In 2023 Extra virgin olive oil were the world's 437th most traded product (out of 5,606).

In 2023, the top exporters of Extra virgin olive oil were Spain ($3.18B), Italy ($1.85B), Greece ($1.2B), Portugal ($822M), and Tunisia ($771M).

In 2023, the top importers of Extra virgin olive oil were Italy ($2.05B), United States ($1.51B), Spain ($783M), France ($569M), and Brazil ($504M).

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Exporters of Extra virgin olive oil (2023)
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Importers of Extra virgin olive oil (2023)
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Market Dynamics

Starting
Ending
Color
Top Origin Growth (2022 -  2023)Greece$424M
Top Destination Growth (2022 -  2023)Spain$261M

Between 2022 and 2023, the exports of Extra virgin olive oil grew the fastest in Greece ($424M), Italy ($270M), Tunisia ($139M), Portugal ($114M), and Argentina ($76.3M).

Between 2022 and 2023, the fastest growing importers of Extra virgin olive oil were Spain ($261M), United States ($251M), Italy ($194M), France ($114M), and Brazil ($96.7M).

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Exporters of Extra virgin olive oil (2022 - 2023)

Importers of Extra virgin olive oil (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Extra virgin olive oil.

In 2023, market concentration measured using Shannon Entropy, was 2.69. This means that most of the exports of Extra virgin olive oil are explained by 6 countries.

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Value of Exports in Extra virgin olive oil

Net Trade

Year
TOP NET EXPORTER (2023)Spain$2.4B
TOP NET IMPORTER (2023)United States$1.49B

This map shows which countries export or import more of Extra virgin olive oil. Each country is colored based on the difference in exports and imports of Extra virgin olive oil during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Extra virgin olive oil were Spain ($2.4B), Greece ($1.19B), Tunisia ($767M), Portugal ($474M), and Argentina ($167M).

In 2023, the countries that had a largest trade value in imports than in exports of Extra virgin olive oil were United States ($1.49B), Brazil ($504M), France ($495M), Germany ($431M), and United Kingdom ($263M).

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Extra virgin olive oil.
It is possible to select the main countries that export or import Extra virgin olive oil in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Extra virgin olive oil by percentage of total exports

Product Complexity

Diversification Frontier

Specialization
Year

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.

Relatedness vs Country Complexity (2023)

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