The volume of olive oil sold by Italy in 2020 was 410,498 metric tonnes. In 2019 Italy exported 338,537 tonnes of olive oil. For 2019 alone, the market for Italy olive oil (processed category) has increased, recording a change of 1.183 percent compared to the year 2018. Between 2017 and 2019, olive oil's exports increased by 1.86 percent bringing Italy US$1,536.34m for the year 2019. Italy's olive oil exports are categorised as:
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
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Italia olio d'oliva export values
In 2019, Italy shipped olive oil costing 1,536.34m USD, a decrease of -13.07% from 2018's total olive oil export of 1767.268m USD. The yearly reduction in value of Italy olive oil between 2017 to 2018 was -0.56383627 pc.
The annual/yearly change in the amount of Italy's olive oil exports between 2017 and 2019 was 1.86 per cent in comparison to a variation of 1.183% in the period between 2018 and 2019.
Italy's portion of the world's total olive oil's exports in 2019 was less than 1%. The country is ranked number 52 in world exports of olive oil.
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Export markets for Italia olio d'oliva ( in '000$ )
Italy's top destinations for olive oil are Spain, US, Germany, South Korea and Russia.
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Import/Export Trends
Italy is a net importer of olive oil. The annual growth of Italy olive oil in value between 2015 to 2019 was 11%, per annum, while annual growth in quantity through the same period was 26%, per annum.
Italy ordered 601,717 tonnes of olive oil in 2019.
