Rising olive oil exports fuel trade surplus in Andalusia, Spain
Olive Oil
Spain
Published Aug 11, 2022
Tridge summary
High prices at origin and shortages of sunflower oil have led to increasing olive oil exports by value around Europe and the world.
Original content
Producers and bottlers in Andalusia exported more than €1.3 million of olive oil in the first five months of 2022, an increase of 22.7 percent compared with the same period in 2021, according to data from Extenda. The public export and foreign investment company found that Andalusian exports account for about 74 percent of all Spanish olive oil exports by value in the first half of 2022. Extenda added that 61 percent of those exports comprised extra virgin olive oil. Rising olive oil export values have been part of a trend in Andalusia’s wider agricultural sector. The significant increase has helped fuel the autonomous community’s positive trade balance, which has seen exports outpace imports by more than €1 billion so far this year. Overall, Andalusia has exported more than €18 billion worth of goods and products, representing 31 percent year-on-year growth and reaching the highest level since standardized data began to be collected in 1995. The positive trade figures from the ...
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