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Who buys Portugal’s olive oil? Export destinations 2024

In 2024, Portugal exported $1.6 billion of olive oil (217 thousand tonnes), 9.8% of the world total. Its main destinations were Spain (45%), Brazil (29%) and Italy (17%). Portugal was the world’s 4th-largest exporter of olive oil.

Summary

Value
$1.6billion
Tonnes
217thousand tonnes
Share of world total
9.8%
World rank
4th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
Spain717Tonnes: 118,495USD per tonne: $6,04945.4%Land
Brazil457Tonnes: 46,083USD per tonne: $9,92128.9%Sea
Italy265Tonnes: 34,522USD per tonne: $7,68116.8%Sea
United States36.3Tonnes: 3,473USD per tonne: $10,4522.3%Sea
France26.1Tonnes: 4,144USD per tonne: $6,3011.7%Sea
Poland19.8Tonnes: 1,894USD per tonne: $10,4451.3%Sea
Colombia11Tonnes: 1,269USD per tonne: $8,6850.7%Sea
Angola8.9Tonnes: 1,542USD per tonne: $5,7860.56%Sea
Switzerland6Tonnes: 600USD per tonne: $10,0810.38%Sea
Chile5.4Tonnes: 803USD per tonne: $6,7100.34%Sea
Cabo Verde4.2Tonnes: 567USD per tonne: $7,4290.27%Sea
Mozambique3.5Tonnes: 575USD per tonne: $6,1100.22%Sea
Luxembourg2.7Tonnes: 367USD per tonne: $7,4250.17%Sea
Germany2.5Tonnes: 578USD per tonne: $4,3830.16%Sea
Canada2.5Tonnes: 371USD per tonne: $6,7070.16%Sea
Venezuela1.4Tonnes: 120USD per tonne: $11,3030.09%Sea
United Kingdom1.2Tonnes: 182USD per tonne: $6,3040.07%Sea
Denmark1Tonnes: 177USD per tonne: $5,9230.07%Sea
Macao0.96Tonnes: 109USD per tonne: $8,7950.06%Sea
China0.7Tonnes: 132USD per tonne: $5,2950.04%Sea

Trend

Who it sells to

Spain has been its main destination since 2022

Value in USD millions. The five largest destinations in 2024.

  • Spain 717
  • Brazil 457
  • Italy 265
  • United States 36.3
  • France 26.1

Source: CEPII BACI

Show the numbers
Partner19952024
Spain13717
Brazil34.3457
Italy0265
United States2.236.3
France326.1

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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