Spain: Andalusian olive oil boosts exports with 63% growth until July 2024

Published 2024년 9월 23일

Tridge summary

Andalusia has seen a significant increase in exports from January to July 2024, with a 8.5% rise year-on-year reaching 24,688 million euros, the only region in Spain's top five exporting communities to show positive growth. Olive oil has been a key driver of this growth, with exports of this product increasing by 63.1% to a record 2,811 million euros, making it the region's top export. Other animal or vegetable fats and oils also contributed to this growth, increasing by 59.3% to 3,192 million euros. The region has diversified its export markets, with nine of its top ten export destinations increasing their purchases. Seville is the leading province in exports, contributing almost a quarter of Andalusia's total international sales, driven by the aeronautical sector and olive oil. Other provinces like Córdoba and Jaén have also seen significant growth in exports.

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Original content

Andalusia has recorded outstanding growth in its exports during the first seven months of 2024, reaching 24,688 million euros, which represents an increase of 8.5% year-on-year. This growth contrasts with the 0.9% drop recorded in Spain as a whole and places Andalusia as the only one among the five main exporting communities that shows a positive evolution. One of the main protagonists of this boost has been olive oil, which has experienced a growth of 63.1% compared to the same period of the previous year, reaching a record figure of 2,811 million euros in exports. This milestone reinforces olive oil as the most exported product by Andalusia, representing 11.4% of the total exports of the autonomous community. Diversification and export leadership Olive oil is part of the category of animal or vegetable fats and oils, which has registered a growth of 59.3%, with a total of 3,192 million euros, consolidating its importance in the Andalusian trade balance. This growth is in line ...

Source: Oleorevista