Andalusian olive oil exports break a new record in 2016

They exceed 2.500 billion for the first time

Andalusia is the world leader in the marketing of olive oil with an increase in international sales of 21,2% compared to 2015.

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Andalucía establishes itself as a leader world in olive oil marketing in 2016 by exporting 75% of spanish olive oil, that is, two out of every three euros, and record a new record of the exports, exceeding 2.500 billion euros for the first time, according to data from Extenda-Andalusian Foreign Promotion Agency, entity dependent on the Ministry of Economy and Knowledge.

 

In 2016, Andalucía It has specifically exported 2.534 million euros in olive oil, which represents an increase of 21,2% compared to the previous year and 300 million euros more than in 2014, the last record year (2.215 million). With these data, the leading product of Andalusian agri-food It contributes a positive balance to the trade balance of 2.284 million.

 

Also, exports they multiplied ten at imports and the registered coverage rate was 1.012%. Within the types of oil exported, the absolute leader in sales was virgin olive oil, with 1.850 million, 73% of the total, and with an increase of 21,4% compared to 2015.

 

United States and emerging buyers

 

Regarding destination markets, the top ten increased their purchases of andalusian olive oil last year. In first place is Italy, which purchased olive oil worth 761 million euros (30% of the total), 11,2% more than in 2015; and in second place is United States, with purchases worth 367 million (14,5% of the total) and a notable increase of 60%.

 

The third destination of Andalusian exports was Portugal, with 266 million euros (10,5% of the total) and an increase of 26,6%; followed by France with 226 million and an increase of 16,9% (8,9% of the total); and United Kingdom, which with an increase of 9,3% and 108 million euros (4,3% of the total) is the fifth market.

 

 

Regarding destination markets, the top ten increased their purchases of Andalusian olive oil last year

 

 

In sixth place is China with 108 million euros and a growth of 11%; followed by Japan, with 84 million and an increase of 2,9%; and Australia which, with 63 million euros, registers a growth of 85%, almost doubling its imports of Andalusian oil. Germany, , in ninth place, registered 51 million and a spectacular increase of 95%, with which it also doubles its purchases to Andalucía, and closing the list of the top ten markets is Netherlands, with 35 million and an increase of 16%.

 

If we expand the list of destinations to the top twenty, we see that there are growing countries such as India, with 22,1 million euros and an increase of 31%; Morocco (12,3 million) with an increase of more than double (114%); or Israel (12,7 million and an increase of 62%).

 

Seville, leader, and Jaén, the one that grows the most

 

Seville is the leader in olive oil exports Andalucía with 48% of the sector's sales, reaching a turnover of 1.219 million euros in 2016, with an increase of 33%. Cordoba It is in second place with 535 million euros, 21,1% of the market and a decrease of 2,6%; and Malaga, with 349 million euros (13,8% of the total) and a sales growth of 16%, is in third place in the ranking of the most exporting provinces.

 

The fourth position is occupied by Jaen with 265 million euros (10,5% of the total), which experienced the greatest increase in sales among the provinces, with an increase of 73%. It follows Granada which exports a value of 144 million (5,7% of the total), 3,3% less than in 2015; and of Almeria which exported a total of 13,4 million, thus increasing 1,8%. In seventh position is Cadiz, with 6,2 million and an increase of 0,1%, followed by Huelva, with 2,2 million euros exported and sales growth of 30%.

 

Companies: regularity in exports

 

In 2016 there were 527 Andalusian exporting companies of olive oil (38 more than in 2015), of which, 255 were regular exporters (6 more than the previous year), that is, almost half of the exporting firms have sold abroad uninterruptedly during the last four years. In addition, these 255 companies accounted for 83% of the community's total foreign bill.

 

Evolution of new markets

 

Andalucía As a region, it exported almost 1.000 million euros more than the entire Italy in 2016 (1.566 million), that is, 62% more. Furthermore, so far this decade (2010-2016), new markets have shown great growth figures, such as U.S. which is the first non-EU destination for Andalusian olive oil and the second in the world in 2016. Sales to American market They have tripled in the period between 2010 and 2016, with an increase of 205% to 367 million in 2016.

 

As to chinese market, oil exports quadrupled compared to 2010, reaching 108 million in 2016, making Andalucía led national sales of olive oil to China (81%) last year, as well as so far this decade. Thus Andalucía (108 million) as a region, has already sold more than three times as much olive oil to China that Italy as a country (31 million).