Olive Oil in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $198k in Olive Oil, making it the 28th largest exporter of Olive Oil in the world. At the same year, Olive Oil was the 1207th most exported product in China. The main destination of Olive Oil exports from China are: United States ($86.4k), Canada ($20.4k), United Kingdom ($15.2k), Vietnam ($13.9k), and Afghanistan ($12.1k).

The fastest growing export markets for Olive Oil of China between 2021 and 2022 were United States ($30.3k), Canada ($19.5k), and Afghanistan ($12.1k).

Imports In 2022, China imported $7.94M in Olive Oil, becoming the 15th largest importer of Olive Oil in the world. At the same year, Olive Oil was the 1030th most imported product in China. China imports Olive Oil primarily from: Spain ($6.22M), Italy ($1.58M), Tunisia ($104k), France ($20.5k), and Germany ($7.37k).

The fastest growing import markets in Olive Oil for China between 2021 and 2022 were France ($20.4k), Germany ($7.36k), and Chinese Taipei ($1.11k).

COMPANIES In 2023, leading companies such as MYSTIC APPAREL LLC (44), ITOURSCM INC (23), and COSTCO WHOLESALE COPRORATION (16) were at the forefront of shipping Olive Oil from China to the United States.

Latest Trends

March 2024

About

Overview In March 2024 China's Olive Oil exports accounted up to $861 and imports accounted up to $1.63M, resulting in a negative trade balance of $1.63M. Between October 2022 and March 2024 the exports of China's Olive Oil have decreased by $-1.03k (-54.4%) from $1.89k to $861, while imports increased by $1.5M (1.09k%) from $137k to $1.63M.

Destinations In March 2024, Olive Oil were exported mostly to United States ($861), and were imported mostly from Spain ($1.59M) and Italy ($47k).

Growth In March 2024, the decrease in Olive Oil's year-by-year exports was explained primarily by a decrease in exports to . In March 2024, the increase in Olive Oil's year-by-year imports was explained primarily by an increase in imports from Italy ($140k or 69.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2022 - March 2024)$-1.03k(-54.4%)

IMPORT GROWTH (March 2023 - March 2024)$1.5M(1.09k%)

MAIN EXPORTER (March 2024)Shandong Province$4.41k

MAIN DESTINATION (March 2024)United States$861

This section shows Olive Oil's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Olive Oil over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$198k

IMPORTS (2022)$7.94M

NET TRADE (2022)-$7.74M

In 2022, China exported $198k in Olive Oil. The main destinations of China exports on Olive Oil were United States ($86.4k), Canada ($20.4k), United Kingdom ($15.2k), Vietnam ($13.9k), and Afghanistan ($12.1k).

In 2022, China imported $7.94M in Olive Oil, mainly from Spain ($6.22M), Italy ($1.58M), Tunisia ($104k), France ($20.5k), and Germany ($7.37k).

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