Spain: Andalusia strengthens its world leadership in olive oil sales by increasing its exports by 22.7% in the first five months of 2022

Published Aug 5, 2022

Tridge summary

Andalusia is leading the world in olive oil sales, accounting for 74% of Spain's total exports in the first five months of 2022, generating a positive trade balance of 1,073 million euros. Exports reached 1,322 million euros, a 22.7% increase from the previous year, with extra virgin olive oil making up 61% of global sales. The industry's growth has significantly boosted Andalusia's overall export performance, marking a record 18,243 million euros in the first five months of 2022, a 31% year-over-year increase. Six out of eight provinces contribute to olive oil exports, with Seville being the leader. The industry is diversifying its export markets, with countries from four continents among the top ten, including Italy and the United States, which experienced growth rates above 19%.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The community reaches 1,322 million euros, 74% of all that Spain exports, and Andalusian olive oil diversifies its business and reaches the four continents in its first ten destination markets Andalusia reinforces its position as world sales leader of olive oil in the first five months of 2022, concentrating 74% of the total that Spain exports, that is, it markets three out of every four euros of Spanish olive oil sales to the world, according to data from Extenda-Andalucía Export and Foreign Investment. Specifically, Andalusian exports of olive oil reached the figure of 1,322 million euros in the period January-May 2022, which represents an increase of 22.7% compared to the same period of the previous year. With these data, the leading Andalusian agri-food product contributes a positive balance to the entire trade balance of the community of 1,073 million, since exports multiply imports by six. Olive oil is the first product that Andalusia exports and its growth has helped boost ...

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