Chile's olive oil exports hit record high in first seven months

Published Sep 5, 2024

Tridge summary

Chile has seen a significant increase in its olive oil exports, with Brazil being the largest market, exporting $27 million worth of olive oil, nearly double the amount from the previous year. The United States and Spain followed suit, with exports valued at $18 million and $12 million respectively, marking a substantial increase from the previous year. The European market also showed strong demand, with exports valued at $23 million, doubling from the previous year, especially to Italy. Chile's Director of the Chilean Export Promotion Agency, Ignacio Fernandez, credited the success to the country's ability to adapt to international price and demand trends, sustainable production, reputation as a safe food exporter, and high-quality olive oil. Exports are projected to reach $115 million in 2023, a 63% increase from 2022, due to declining production in major olive oil producers like Spain.

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Original content

According to the Chilean website PortalPortuario, in the first seven months, Brazil was the largest export market for Chilean olive oil, with exports of $27 million, almost double that of the same period last year; the United States (18 million US dollars, +64.8%) and Spain (12 million US dollars, +65.6%) ranked second and third. In addition, Chile exported $23 million worth of olive oil to the European market, more than double that of the same period last year. Among them, exports to Italy were $11 million, a five-fold increase year-on-year. Ignacio Fernandez, Director of the Chilean Export Promotion Agency (ProChile), Fernandez said Chile has the ability to adapt to the international price and demand trends of olive oil. Chile is making full use of its advantages, including trade agreements, sustainable production, reputation as a safe food exporter, and space won in strategic markets. In addition, the high quality of Chilean olive oil and the high standards of olive oil ...

Source: Foodmate