More than €6,000 for Spanish olive oil exports in 2023/24

Published 2024년 11월 29일

Tridge summary

In the 2023/24 marketing year, Spain's olive oil exports reached 750,176 tonnes, an 11,275 tonne increase from the previous year, with a commercial coverage rate of 311%, meaning exports were three times the imports. The average monthly export was 62,514 tonnes, with a total value of 6,038 million euros. The majority of exports were extra virgin and virgin olive oil, with the main destinations being Italy, the United States, the United Kingdom, and Australia. There was a decrease in exports to Portugal, Russia, and Asian destinations. The average unit price for exports to the EU and third countries increased significantly compared to the previous campaigns.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the last 2023/24 marketing year (October 2023-September 2024), our country exported 750,176 tonnes of olive oil of the different categories and, on the other hand, imported 241,230 tonnes, most of which ended up being sold in foreign markets, according to the report of the SG of Herbaceous and Industrial Crops and Olive Oil of the Ministry of Agriculture. The commercial coverage rate in this emblematic product was 311%, that is, we sold abroad 3.1 times more than we imported. The average monthly export of olive oil in 2023/24 stood at 62,514 tonnes, with an increase of 2% compared to the previous campaign. Compared to the previous campaign, sales of olive oil in volume were 2% and 11,275 t higher, despite the prices, but were still well below the average (1,008,783 t) of the last four campaigns. Specifically, 26% and 258,607 tonnes less were exported than then. In value terms, however, the 2023/24 campaign was quite favourable, with foreign sales of 6,038 million euros, which ...

Source: Qcom.es