Türkiye exported $506 million worth of olive oil to 120 countries

Published Nov 6, 2024

Tridge summary

In the 2023/24 season, Turkey's olive sector saw foreign exchange income of 765 million dollars, with pomace oil exports bringing in 48.6 million dollars. Despite a 18% decrease in exports compared to the previous season, the increase in the average export price of olive oil helped limit the decrease in foreign exchange income. The country exported olive oil to 120 countries, with the United States, Spain, and Italy being the top markets. Exports to Japan saw a 19% increase, and Russia, Germany, Portugal, Brazil, and Australia also imported significant amounts of Turkish olive oil.

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

Original content

In the 2023/24 season, pomace oil exports were recorded as 48 million 59 thousand dollars, equivalent to 11 thousand 38 tons. The Turkish olive sector, which left behind the table olive export season that ended at the end of September with 210 million dollars, left behind the 2023/24 season with a foreign exchange income of 765 million dollars. Reminding that the Turkish olive sector made 932 million dollars of exports in the 2022/23 season, Aegean Olive and Olive Oil Exporters' Association President Emre Uygun stated that they experienced an 18 percent loss in exports due to olive oil in the 2023/24 season compared to the 2022/23 season. Uygun, who shared that the Turkish olive oil sector exported 54 thousand 405 tons of its 70 thousand 750 tons of exports in packages in the difficult 2023/24 season, said, “In fact, a very large portion of packaged olive oil exports were made in large packages and replaced bulk olive oil exports. With the recent quota granting and lifting of ...

Source: Haber7