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150990 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.06BRnk 1405 / 4644
2023
Top Exporter | Top Importer $1.07B | $525MSpain | United States
2023
Product Complexity -1.17Rnk 3981 / 4656
2022 - 2023
Export Growth (CAGR) -1.3%Rnk 1683 / 4644
2023
Share of World Trade 0.0091%Rnk 1405 / 4644

About

Overview This page contains the latest trade data of Olive oil, fractions, refined, not chemically modifie. In 2023, Olive oil, fractions, refined, not chemically modifie were the world's 1405th most traded product, with a total trade of $2.06B. Between 2022 and 2023 the exports of Olive oil, fractions, refined, not chemically modifie decreased by -1.3%, from $2.09B to $2.06B. Trade in Olive oil, fractions, refined, not chemically modifie represent 0.0091% of total world trade.

Olive oil, fractions, refined, not chemically modifie are a part of Pure Olive Oil.

Exports In 2023 the top exporters of Olive oil, fractions, refined, not chemically modifie  were Spain ($1.07B), Italy ($314M), Portugal ($216M), Turkey ($173M), and Greece ($77.9M).

Imports In 2023 the top importers of Olive oil, fractions, refined, not chemically modifie were United States ($525M), Italy ($235M), Spain ($181M), United Kingdom ($133M), and Portugal ($111M).

Ranking Olive oil, fractions, refined, not chemically modifie ranks 3981st in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Olive oil, fractions, refined, not chemically modifie. 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

Top Origin (2023)Spain$1.07B
Top Destination (2023)United States$525M

In 2023 Olive oil, fractions, refined, not chemically modifie were the world's 1405th most traded product (out of 4,644).

In 2023, the top exporters of Olive oil, fractions, refined, not chemically modifie were Spain ($1.07B), Italy ($314M), Portugal ($216M), Turkey ($173M), and Greece ($77.9M).

In 2023, the top importers of Olive oil, fractions, refined, not chemically modifie were United States ($525M), Italy ($235M), Spain ($181M), United Kingdom ($133M), and Portugal ($111M).

Explore Visualizations

Exporters of Olive oil, fractions, refined, not chemically modifie (2023)
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Importers of Olive oil, fractions, refined, not chemically modifie (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Turkey$94.1M
Top Destination Growth (2022 -  2023)Spain$80.1M

Between 2022 and 2023, the exports of Olive oil, fractions, refined, not chemically modifie grew the fastest in Turkey ($94.1M), Greece ($41M), Portugal ($41M), Tunisia ($15.2M), and Italy ($14.4M).

Between 2022 and 2023, the fastest growing importers of Olive oil, fractions, refined, not chemically modifie were Spain ($80.1M), Italy ($53.5M), United States ($36.9M), United Kingdom ($27.3M), and Portugal ($18.2M).

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Exporters of Olive oil, fractions, refined, not chemically modifie (2022 - 2023)

Importers of Olive oil, fractions, refined, not chemically modifie (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Olive oil, fractions, refined, not chemically modifie.

In 2023, market concentration measured using Shannon Entropy, was 2.46. This means that most of the exports of Olive oil, fractions, refined, not chemically modifie are explained by 5 countries.

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Value of Exports in Olive oil, fractions, refined, not chemically modifie

Net Trade

TOP NET EXPORTER (2023)Spain$891M
TOP NET IMPORTER (2023)United States$512M

This map shows which countries export or import more of Olive oil, fractions, refined, not chemically modifie. Each country is colored based on the difference in exports and imports of Olive oil, fractions, refined, not chemically modifie during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Olive oil, fractions, refined, not chemically modifie were Spain ($891M), Turkey ($170M), Portugal ($105M), Italy ($78.9M), and Greece ($70.8M).

In 2023, the countries that had a largest trade value in imports than in exports of Olive oil, fractions, refined, not chemically modifie were United States ($512M), United Kingdom ($129M), Brazil ($80.7M), Japan ($60M), and Australia ($51M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Olive oil, fractions, refined, not chemically modifie.
It is possible to select the main countries that export or import Olive oil, fractions, refined, not chemically modifie in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Olive oil, fractions, refined, not chemically modifie by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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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