Increase in the export of olive oil
As reported by the Spanish Ministry of Agriculture, Fisheries and Food last August, exports of olive oil exceeded a turnover of more than 2 billion euros during the 2017-2018 season.
As for the production and export of olive oil, Spain is ranked number one in the world. Moreover, it is the fourth most exported Spanish product after citrus fruits, wine and pork meat. This product represents a very important contribution to the country’s economy in terms of trading.
Olive oil in recent years
In recent years there has been an increase in the export of bottled olive oil, as opposed to in bulk. Between October and May, exports of this product decreased by 25.45% compared to last year, with a turnover equivalent to 2.14 billion euros.
On the other hand, Italy remains the biggest export destination, despite a recent decrease in shippings to this country, which reached 117 thousand tonnes.
As for olive-pomace oil, exports surpassed those of last year’s season and hit an all time high during these months. The total turnover originating from this product reached 203 million euros.
Moreover, there has been an increase in the number of products being shipped outsided the European Union. Exports to Brazil have increased by 6%, by 5% for Australia, and 18% for China. As for the United States however there has been a decrease of 24%.
Import of olive oil
Moving on form exports, figures relating to the import of this product are very varied. So far this season, 115.878 tonnes have been reached, about 73.57% more than last year. 49.110 tonnes of the imported olive oil came from the European Union, and 66.768 from other countries.
According to an article by EFEAGRO (the only Spanish news agency specialising in agri-food information), Tunisia led the increase of non-European inflows with a surge of 250% compared to last season, which is the equivalent to 25.024 tonnes more; Argentina follows with an increase of 451% (+5.166 tonnes).
If you would like to find out more interesting facts about olive oil, check out our articles.