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Vegetable oils; olive oil and its fractions, virgin olive oils n.e.c. in heading 1509, whether or not refined, but not chemically modified

150940 (Harmonized System 2022 for 6-digit)

2023
World Trade $484MRnk 3165 / 5606
2023
Top Exporter | Top Importer $169M | $231MSpain | Italy
2023
Product Complexity -1.29Rnk 4941 / 5606
2022 - 2023
Export Growth (CAGR) 16.7%Rnk 623 / 5606
2023
Share of World Trade 0.0021%Rnk 3165 / 5606

About

Overview This page contains the latest trade data of Other types of virgin olive oils. In 2023, Other types of virgin olive oils were the world's 3165th most traded product, with a total trade of $484M. Between 2022 and 2023 the exports of Other types of virgin olive oils grew by 16.7%, from $415M to $484M. Trade in Other types of virgin olive oils represent 0.0021% of total world trade.

Other types of virgin olive oils are a part of Pure Olive Oil.

Exports In 2023 the top exporters of Other types of virgin olive oils  were Spain ($169M), Turkey ($82M), Greece ($52.7M), Syria ($52.1M), and Portugal ($42.8M).

Imports In 2023 the top importers of Other types of virgin olive oils were Italy ($231M), Spain ($154M), United States ($29.7M), Canada ($17.4M), and Portugal ($17.2M).

Ranking Other types of virgin olive oils ranks 4941st 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 Other types of virgin olive oils. 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$169M
Top Destination (2023)Italy$231M

In 2023 Other types of virgin olive oils were the world's 3165th most traded product (out of 5,606).

In 2023, the top exporters of Other types of virgin olive oils were Spain ($169M), Turkey ($82M), Greece ($52.7M), Syria ($52.1M), and Portugal ($42.8M).

In 2023, the top importers of Other types of virgin olive oils were Italy ($231M), Spain ($154M), United States ($29.7M), Canada ($17.4M), and Portugal ($17.2M).

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Exporters of Other types of virgin olive oils (2023)
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Importers of Other types of virgin olive oils (2023)
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Market Dynamics

Starting
Ending
Color
Top Origin Growth (2022 -  2023)Turkey$69.9M
Top Destination Growth (2022 -  2023)Italy$60.8M

Between 2022 and 2023, the exports of Other types of virgin olive oils grew the fastest in Turkey ($69.9M), Syria ($42.8M), Greece ($37.2M), Italy ($6.44M), and Peru ($4.6M).

Between 2022 and 2023, the fastest growing importers of Other types of virgin olive oils were Italy ($60.8M), Spain ($11.2M), Canada ($9.88M), France ($935k), and Qatar ($817k).

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Exporters of Other types of virgin olive oils (2022 - 2023)

Importers of Other types of virgin olive oils (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Other types of virgin olive oils.

In 2023, market concentration measured using Shannon Entropy, was 2.98. This means that most of the exports of Other types of virgin olive oils are explained by 7 countries.

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Value of Exports in Other types of virgin olive oils

Net Trade

Year
TOP NET EXPORTER (2023)Turkey$81.9M
TOP NET IMPORTER (2023)Italy$216M

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

In 2023, the countries that had a largest trade value in exports than in imports of Other types of virgin olive oils were Turkey ($81.9M), Greece ($52.3M), Syria ($52.1M), Tunisia ($28.8M), and Portugal ($25.6M).

In 2023, the countries that had a largest trade value in imports than in exports of Other types of virgin olive oils were Italy ($216M), United States ($28.6M), Canada ($17.3M), France ($7.35M), and Saudi Arabia ($6.6M).

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 Other types of virgin olive oils.
It is possible to select the main countries that export or import Other types of virgin olive oils in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Other types of virgin olive oils 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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