Import and Export of Olive oil - Import and Export of Olive oil Guide

Vigo Visa
Jan 30
2 min read

Updated: Feb 1

Import and Export of Olive oil - Import and Export of Olive oil Guide

Olive oil is one of the most important vegetable oils in international trade due to its high nutritional value and steadily growing global demand, driven by healthy dietary trends and its widespread use in households, restaurants, and the food industry. Many non-producing countries rely on imports to meet domestic demand, while producing countries focus on exports and building strong international brands. Import and Export of Olive oil - Import and Export of Olive oil Guide

Global Olive Oil Trade Volume (Estimated)

Year	Global Import Volume (Million Tons)	Global Export Volume (Million Tons)
2020	3.0	2.9
2021	3.2	3.1
2022	3.5	3.4
2023	3.8	3.7
2024	4.1	4.0

Top Olive Oil Exporting Countries

Country	Share of Global Exports
Spain	35%
Italy	18%
Greece	12%
Tunisia	10%
Turkey	8%
Others	17%

Top Olive Oil Importing Countries

Country	Share of Global Imports
United States	30%
Italy	15%
France	10%
Germany	9%
United Kingdom	8%
Others	28%

Average International Prices of Olive Oil

Type of Olive Oil	Average Price per Ton (USD)
Extra Virgin Olive Oil	4,000 – 5,500
Virgin Olive Oil	3,200 – 4,000
Refined Olive Oil	2,600 – 3,200
Cooking Olive Oil	2,200 – 2,800

Import and Export Requirements

The olive oil trade is subject to strict quality and safety standards, including certificates of origin, laboratory testing to verify quality and acidity levels, and compliance with packaging and food labeling regulations. Proper transportation in suitable containers that protect the oil from light and heat is essential to maintain product quality during shipping.

Challenges and Opportunities in the Olive Oil Trade

Key challenges include annual production fluctuations due to climate conditions, global price volatility, and intense competition among brands. On the other hand, growing demand for healthy and organic products creates strong opportunities, particularly in emerging markets and premium segments.

Frequently Asked Questions about Olive Oil Trade

Many investors ask whether olive oil trading is profitable, and data indicate that profitability depends on selecting reliable suppliers and efficiently managing quality and distribution. Another common question concerns the most suitable olive oil types for trade, with extra virgin olive oil being the most in-demand globally. Questions also arise about the best timing for imports, with market activity typically increasing after harvest seasons.

Vigo Visa – Your Smart Gateway to Investment Wherever You Are