The quantity of olive oil sold by Chile in 2020 was 21,295 tons. In 2019 Chile shipped 16,096 tonnes of olive oil. For the year 2019 alone, the interest in Chile olive oil (processed category) has decreased, recording a change of -20.678 % compared to the year 2018. Between 2017 and 2019, olive oil's exports reduced by -10.83 pc netting Chile US$52.12m for the year 2019. Chile's olive oil exports are classified as:
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
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Chile olivenöl export values
In 2019, Chile shipped olive oil with a value of 52.12m USD, a drop of -26.89% from 2018's total olive oil export of 71.289m USD. The annual reduction in value of Chile olive oil between 2017 to 2018 was 7.674 pc.
The per year change in the quantity of Chile's olive oil exports between 2017 and 2019 was -10.83 per cent compared to a variation of -20.678% in the period between 2018 and 2019.
Chile's share of the world's total olive oil's exports in 2019 was 2.5 per cent. The country holds number 5 in world exports of olive oil.
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Export markets for Chile olivenöl ( in '000$ )
Chile's best performing destinations for olive oil are US, China, Spain, Canada and Uruguay.
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Import/Export Trends
Chile is a net exporter of olive oil. The annual growth of Chile olive oil in value between 2015 to 2019 was 10%, per year, while annual growth in quantity through the same period was 9%, per annum.
Chile ordered 3,534 tonnes of olive oil in 2019.
