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

150930 (Harmonized System 2022 for 6-digit)

2023
World Trade $667MRnk 2787 / 5606
2023
Top Exporter | Top Importer $191M | $91.2MTurkey | Spain
2023
Product Complexity -1.13Rnk 4779 / 5606
2022 - 2023
Export Growth (CAGR) 39.6%Rnk 199 / 5606
2023
Share of World Trade 0.003%Rnk 2787 / 5606

About

Overview This page contains the latest trade data of Virgin olive oil. In 2023, Virgin olive oil were the world's 2787th most traded product, with a total trade of $667M. Between 2022 and 2023 the exports of Virgin olive oil grew by 39.6%, from $478M to $667M. Trade in Virgin olive oil represent 0.003% of total world trade.

Virgin olive oil are a part of Pure Olive Oil.

Exports In 2023 the top exporters of Virgin olive oil  were Turkey ($191M), Spain ($123M), Syria ($112M), Portugal ($64.4M), and Tunisia ($42.8M).

Imports In 2023 the top importers of Virgin olive oil were Spain ($91.2M), Turkey ($88.3M), Italy ($84.8M), Saudi Arabia ($49.2M), and Portugal ($45.1M).

Ranking Virgin olive oil ranks 4779th 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 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)Turkey$191M
Top Destination (2023)Spain$91.2M

In 2023 Virgin olive oil were the world's 2787th most traded product (out of 5,606).

In 2023, the top exporters of Virgin olive oil were Turkey ($191M), Spain ($123M), Syria ($112M), Portugal ($64.4M), and Tunisia ($42.8M).

In 2023, the top importers of Virgin olive oil were Spain ($91.2M), Turkey ($88.3M), Italy ($84.8M), Saudi Arabia ($49.2M), and Portugal ($45.1M).

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Exporters of Virgin olive oil (2023)
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Importers of Virgin olive oil (2023)
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Market Dynamics

Starting
Ending
Color
Top Origin Growth (2022 -  2023)Turkey$65M
Top Destination Growth (2022 -  2023)Spain$61.4M

Between 2022 and 2023, the exports of Virgin olive oil grew the fastest in Turkey ($65M), Syria ($47.8M), Portugal ($38.1M), Tunisia ($13.7M), and Albania ($12.4M).

Between 2022 and 2023, the fastest growing importers of Virgin olive oil were Spain ($61.4M), Turkey ($48.9M), Italy ($44M), Morocco ($17.4M), and France ($12.8M).

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Exporters of Virgin olive oil (2022 - 2023)

Importers of Virgin olive oil (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.26. This means that most of the exports of Virgin olive oil are explained by 9 countries.

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Value of Exports in Virgin olive oil

Net Trade

Year
TOP NET EXPORTER (2023)Syria$111M
TOP NET IMPORTER (2023)Italy$64.4M

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

In 2023, the countries that had a largest trade value in exports than in imports of Virgin olive oil were Syria ($111M), Turkey ($103M), Tunisia ($41.1M), Spain ($31.3M), and Greece ($27.8M).

In 2023, the countries that had a largest trade value in imports than in exports of Virgin olive oil were Italy ($64.4M), Saudi Arabia ($48.4M), France ($29.1M), Japan ($26.5M), and United States ($22.4M).

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

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

Top 10 Exporters Countries of 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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