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Olive oil: top exporters and importers (2024)

In 2024, world trade in olive oil totaled $16.2 billion (2 million tonnes). The top exporters were Spain (43%), Italy (19%) and Tunisia (10%); the top importers were the United States (20%), Italy (19%) and Spain (9%). Compared with 2019, the value rose 118%.

Summary

World trade
$16.2billion
Tonnes
2million tonnes
Price per tonne
$8,218
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Spain$7 billion · 43.3%
    see destinations
  2. Italy$3 billion · 18.8%
    see destinations
  3. Tunisia$1.6 billion · 10%
    see destinations
  4. Portugal$1.6 billion · 9.8%
    see destinations
  5. Greece$996 million · 6.2%
  6. Turkey$651 million · 4%
  7. Syria$310 million · 1.9%
  8. Argentina$195 million · 1.2%
  9. Chile$124 million · 0.76%
  10. France$88 million · 0.55%
  11. Morocco$81 million · 0.5%
  12. Egypt$75 million · 0.46%
  13. Lebanon$70 million · 0.43%
  14. Germany$35 million · 0.22%
  15. United States$34 million · 0.21%
  16. Israel$23 million · 0.14%
  17. Netherlands$22 million · 0.14%
    re-exports
  18. Albania$18 million · 0.11%
  19. Australia$16 million · 0.1%
  20. United Kingdom$15 million · 0.09%

Top importers

  1. United States$3.2 billion · 19.9%
    see sources
  2. Italy$3.1 billion · 19.4%
    see sources
  3. Spain$1.5 billion · 9.4%
    see sources
  4. France$1 billion · 6.2%
  5. Brazil$761 million · 4.7%
  6. Germany$697 million · 4.3%
  7. Portugal$633 million · 3.9%
  8. United Kingdom$554 million · 3.4%
  9. Japan$438 million · 2.7%
  10. Canada$382 million · 2.4%
  11. Australia$275 million · 1.7%
  12. Turkey$247 million · 1.5%
  13. Mexico$216 million · 1.3%
  14. South Korea$201 million · 1.2%
  15. Netherlands$189 million · 1.2%
    re-exports
  16. China$187 million · 1.2%
  17. Switzerland$182 million · 1.1%
  18. Belgium$133 million · 0.82%
    re-exports
  19. Saudi Arabia$117 million · 0.72%
  20. Poland$114 million · 0.71%

Trend

Who sells it

Spain has been the top exporter since 2000

Value in USD billions. The five largest exporters in 2024.

  • Spain 7
  • Italy 3
  • Tunisia 1.6
  • Portugal 1.6
  • Greece 1

Source: CEPII BACI

Show the numbers
Country19952024
Spain0.597
Italy0.663
Tunisia0.331.6
Portugal0.061.6
Greece0.511

Price

Implied price

The price per tonne rose 139% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $8,218

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$3,436
1996$4,722
1997$2,844
1998$2,313
1999$2,529
2000$2,217
2001$1,896
2002$2,207
2003$2,838
2004$3,247
2005$3,755
2006$4,499
2007$3,967
2008$4,295
2009$3,624
2010$3,348
2011$3,492
2012$3,174
2013$3,961
2014$3,683
2015$3,956
2016$3,959
2017$4,564
2018$4,321
2019$3,453
2020$3,114
2021$3,879
2022$3,767
2023$6,305
2024$8,218

What it includes

  • 1509 · Olive oil

Products in the same chapter

Sources and methodology

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.

See all products