Spain remains the largest exporter of virgin olive oil, accounting for a significant portion of global exports with a positive growth trend of 3.72% in 2023. Italy and Portugal follow, maintaining steady growth at 1.86% and 3.8% respectively. Exceptional growth was noted in exports from Moldova, Botswana, and Uruguay, while Greece, Switzerland, and Cyprus experienced declines. South American countries like Argentina and Brazil are showing strong upward trends, suggesting an expanding market presence.
Looking ahead, expect increases in demand from emerging markets like China and South Korea. Sustainability practices and climatic impacts will play critical roles in production and export dynamics. Monitoring geopolitical shifts, economic conditions, and evolving consumer preferences will be vital for stakeholders in the virgin olive oil trade.
Top countries in Export of Virgin Olive Oil by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 3,274,000,000 | 2023 | +2.48% | +3.72% | View data |
| 2 | 2 Italy | 1,545,100,000 | 2023 | +1.62% | +1.86% | View data |
| 3 | 3 Portugal | 797,840,000 | 2023 | +4.62% | +3.8% | View data |
| 4 | 4 Greece | 445,750,000 | 2023 | +0.13% | -6.74% | View data |
| 5 | 5 Argentina | 107,370,000 | 2023 | +2.95% | +7.63% | View data |
| 6 | 6 Chile | 65,066,000 | 2023 | +3.57% | -1.04% | View data |
| 7 | 7 France | 55,116,000 | 2023 | +2.84% | +2.97% | View data |
| 8 | 8 Palestine | 54,405,000 | 2023 | +3.96% | +4.13% | View data |
| 9 | 9 Morocco | 46,619,000 | 2023 | +2.08% | +1.31% | View data |
| 10 | 10 Germany | 25,639,000 | 2023 | +2.75% | +2.25% | View data |
