Commodity Origins

How much olive oil does Spain produce and export?

Spain is the largest producer of olive oil: 854,001 tonnes in 2023, 33% of the world's 2.6 million tonnes (FAOSTAT). It is the largest exporter by value: $6.9 billion in 2024, 42% of world exports of olive oil (HS 1509) (CEPII BACI). Its biggest customer is Italy, which takes 26% of its olive oil exports by value.

All about olive oil · All about Spain

Spain's olive oil production

Spain olive oil production, 2023
World rankProduction (tonnes)Share of worldTen-year growthYear
1854,001 tonnes33%-7% a year2023

FAOSTAT Crops and livestock products (QCL), 2023. World total is the sum of reporting countries.

Spain olive oil production monthly prices, tonnes, Jan 1961 to Jan 2023Line chart of spain olive oil production monthly prices in tonnes from Jan 1961 to Jan 2023: Spain olive oil production from 360,768 to 854,001, peaking at 1,790,309.0500,0001,000,0001,500,0002,000,000196519701975198019851990199520002005201020152020tonnes
Spain olive oil production

Share of world output over time

Spain's share of world olive oil production in selected years
19902000201020202023
43%38%44%40%33%

Average annual share by decade: 1960s 27%, 1970s 27%, 1980s 28%, 1990s 32%, 2000s 41%, 2010s 41%, 2020s 36%. See the concentration-over-time report.

Spain's olive oil exports

Spain exports of Olive oil and its fractions, 2024
World rankExport valueShare of world exportsQuantity (tonnes)Average value per tonneYear
1$6.9 billion42%822,091 t$8,3382024

CEPII BACI international trade database (HS22, V202601), HS 1509 (Olive oil and its fractions).

Where Spain's olive oil goes

Largest destinations of Spain's olive oil exports, 2024
DestinationValueShare of Spain's exports
Italy$1.8B26%
United States$1.1B16%
France$569M8.3%
Portugal$555M8.1%
United Kingdom$366M5.3%

Largest five destinations of 3,515 exporter-importer pairs BACI reports for 2024. See trade flows.

Spain as a buyer of olive oil

Spain imported $1.5 billion of olive oil (HS 1509) in 2024, 9.5% of world imports, ranked #3. Of its $1.5 billion of olive oil imports in 2024, 46% came from Portugal and 26% from Tunisia, among 64 suppliers. Largest sources: Portugal (46%), Tunisia (26%), Turkey (Türkiye) (7.6%), Italy (6.7%), Egypt (3.1%).

Import dependency · Supplier shifts

How much olive oil Spain uses

Spain's domestic supply of olive oil was 493 thousand tonnes in 2023, 16% of the world's. Food supply was 9.0 kg per person a year, 1st highest of 141 countries with a million or more people. It produced 201% of what it used (self-sufficiency) and imported 61%. FAO's item is "Olive oil". Consumption · Self-sufficiency.

Cite as: Commodity Origins, "Spain olive oil: production, exports and prices", https://commodityorigins.com/countries/ESP/olive-oil/ (CC BY 4.0). Rankings count only countries reporting to the sources named; this page is shown only for top-five producers or exporters with at least 3% of the world total. Report an issue with this page.