Spain, a leader in olive oil exports, registers strong growth in volume and value

The foreign trade bulletin of the Ministry of Agriculture, Fisheries and Food, which analyses the period from October 2024 to May 2025 (2024/25 Campaign), confirms this positive trend.

Key figures of the period

Cumulative olive oil exports reached 633.786 tons, representing a 24% increase compared to the previous season. This increase occurs despite a decrease in the unit export value, which is below the previous season's figures.

Growing exports: The export volume exceeded both the 2023/24 campaign (up 24%) and the average of the last four campaigns (up 1%). The cumulative value of exports stood at €3.387 billion, 18% less than the previous campaign, but 21% more than the average of the last four campaigns.

Main destinations: Italy It is the main destination for exports, with a notable increase of 58% due to its low production. Other markets that registered significant growth include Portugal (+ 17%), United States (+14%), and countries of Asia and Oceania like China (+ 73%), South Korea (+123%) and Australia (+49%). In contrast, declines were observed in the volume exported to Russia (-14%), Brazil (-40%), the United Kingdom (-7%), and Japan (-14%).

In the first eight months of the 2024/25 campaign, it has been exported to a total of 142 countries.

Imports and unit values: The import volume was 159.778 tons, 8% less than the previous season, although still 5% above the average of the last four seasons. The unit value of imports also showed a general decline. Portugal stands out as the main source of imports, accounting for 57% of the total.

Decrease in unit value

The unit value of exports is on a downward trend compared to last season, which was a record campaign.. This price drop is widespread in the main destinations. Despite this, unit values of exports to countries outside the European Union (NON-EU) They remain 28% above the values of destinations within the EU (INTRA-EU).