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150910 (Harmonized System 1992 for 6-digit)

2023
World Trade $9.82BRnk 373 / 4644
2023
Top Exporter | Top Importer $3.62B | $2.33BSpain | Italy
2023
Product Complexity -1.07Rnk 3877 / 4656
2022 - 2023
Export Growth (CAGR) 19.3%Rnk 305 / 4644
2023
Share of World Trade 0.043%Rnk 373 / 4644

About

Overview This page contains the latest trade data of Olive oil, virgin. In 2023, Olive oil, virgin were the world's 373rd most traded product, with a total trade of $9.82B. Between 2022 and 2023 the exports of Olive oil, virgin grew by 19.3%, from $8.23B to $9.82B. Trade in Olive oil, virgin represent 0.043% of total world trade.

Olive oil, virgin are a part of Pure Olive Oil.

Exports In 2023 the top exporters of Olive oil, virgin  were Spain ($3.62B), Italy ($1.83B), Greece ($1.27B), Portugal ($864M), and Tunisia ($856M).

Imports In 2023 the top importers of Olive oil, virgin were Italy ($2.33B), United States ($1.64B), Spain ($1.07B), France ($727M), and Brazil ($502M).

Ranking Olive oil, virgin ranks 3877th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Olive oil, virgin. 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$3.62B
Top Destination (2023)Italy$2.33B

In 2023 Olive oil, virgin were the world's 373rd most traded product (out of 4,644).

In 2023, the top exporters of Olive oil, virgin were Spain ($3.62B), Italy ($1.83B), Greece ($1.27B), Portugal ($864M), and Tunisia ($856M).

In 2023, the top importers of Olive oil, virgin were Italy ($2.33B), United States ($1.64B), Spain ($1.07B), France ($727M), and Brazil ($502M).

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Exporters of Olive oil, virgin (2023)
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Importers of Olive oil, virgin (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Greece$485M
Top Destination Growth (2022 -  2023)Spain$409M

Between 2022 and 2023, the exports of Olive oil, virgin grew the fastest in Greece ($485M), Italy ($237M), Turkey ($228M), Syria ($135M), and Portugal ($124M).

Between 2022 and 2023, the fastest growing importers of Olive oil, virgin were Spain ($409M), United States ($284M), Italy ($262M), France ($156M), and Brazil ($125M).

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Exporters of Olive oil, virgin (2022 - 2023)

Importers of Olive oil, virgin (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Olive oil, virgin.

In 2023, market concentration measured using Shannon Entropy, was 2.86. This means that most of the exports of Olive oil, virgin are explained by 7 countries.

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Value of Exports in Olive oil, virgin

Net Trade

TOP NET EXPORTER (2023)Spain$2.54B
TOP NET IMPORTER (2023)United States$1.63B

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

In 2023, the countries that had a largest trade value in exports than in imports of Olive oil, virgin were Spain ($2.54B), Greece ($1.26B), Tunisia ($852M), Portugal ($426M), and Syria ($297M).

In 2023, the countries that had a largest trade value in imports than in exports of Olive oil, virgin were United States ($1.63B), France ($654M), Italy ($505M), Brazil ($502M), and Germany ($404M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Olive oil, virgin 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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