Turkey: Olive and olive oil exports reached $136 million in the first half of 2021

Published Jul 29, 2021

Tridge summary

In the first half of 2021, Turkey's olive and olive oil exports saw a 3% decrease, generating $136 million from the sector. Despite the decline, these exports contributed 1.3% to the country's food product exports, which reached $10.1 billion. The exports were led by table olives, followed by olive oil and olive pomace oil, with Germany being the top importer. The Aegean Olive and Olive Oil Exporters' Association is aiming for $300 million in exports for the 2020-21 season, particularly focusing on the US market, where Turkey currently has a 30% share in olive oil imports. The country is also striving to become a price maker in the global market by aiming to harvest 1.2 million tons of table olives and 650,000 tons of olives, making it the leading producer in these categories.

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

Original content

In the first half of 2021, exports of olive and olive oil, one of Turkey's traditional export products, amounted to 136 million dollars. Our olive and olive oil exports lost 3 percent compared to the same period of 2020. While Turkey exported 10 billion 100 million dollars of food products in the first half of 2021, our olive and olive oil sector made 1.3 percent of our food exports. When we look at the sub-items of our olive and olive oil exports, the biggest share is 44 thousand tons with an increase of 8 percent on amount basis, and table olives with an export of 77 million dollars with an increase of 5 percent on amount basis. Table olives are followed by olive oil with an export of approximately 55 million dollars and olive pomace oil with an export of approximately 4 million dollars. We aim to bring 300 million dollars to our country in the 2020-21 season. Germany was the country with the highest exports in the olive, olive oil and pomace oil sector in Turkey. Germany is ...

Source: Sondakika