The volume of olive oil shipped by Portugal in 2020 was 213,290 tonnes. In 2019 Portugal exported 29,734 tonnes of olive oil. For the year 2019 alone, the interest in Portugal olive oil (processed category) has gone down, recording a change of -84.459 pc compared to the year 2018. Between 2017 and 2019, olive oil's exports went down by -77.81 pc netting the country US$625.91m for the year 2019. Portugal's olive oil exports are categorised as:
- Virgin olive oil and its fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (HS code 150910)
- Olive oil and fractions obtained from the fruit of the olive tree solely by mechanical or other physical means under conditions that do not lead to deterioration of the oil (excluding virgin and chemically modified) (HS code 150990)
- Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, incl. blends of these oils or fractions with oils or fractions of heading 1509 (HS code 151000)
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Portugal Óleo de azeite export values
In 2019, Portugal shipped olive oil costing 625.91m USD, a decrease of -20.34% from 2018's total olive oil export of 785.761m USD. The yearly change in value of Portugal olive oil between 2017 to 2018 was 33.801 per cent.
The per year variation in the amount of Portugal's olive oil exports between 2017 and 2019 was -77.81 percent when compared to a variation of -84.459% in the growth rate between 2018 and 2019.
Portugal's share of the world's total olive oil's exports in 2019 was less than 1%. The country is ranked position 27 in world exports of olive oil.
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Export markets for Portugal Óleo de azeite ( in '000$ )
Portugal's top destinations for olive oil are Spain, Chile, Mexico, Colombia and Russia.
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Import/Export Trends
Portugal is a net importer of olive oil. The annual growth of Portugal olive oil in value between 2015 to 2019 was 30%, per year, while annual growth in quantity through the same period was 12%, per annum.
Portugal procured 130,268 tonnes of olive oil in 2019.
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