Title: Olive Oil Exports Boom Out of Spain, Producing 40% of Global Supply in Andalucía Alone
Headings: Spain’s Olive Oil Industry Export Turnover Exceeds 2 Billion Euros
Spain’s Olive Oil Industry Export Turnover Exceeds 2 Billion Euros
Katrina Pirner
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Content: Olive Oil Exports Boom Out of Spain, Producing 40% of Global Supply in Andalucía Alone
Spain’s Olive Oil Industry Export Turnover Exceeds 2 Billion Euros
While Spain Italy and Greece are the main producers of European Olive Oil, they also account for around 80 percent of EU consumption. Copyright: Dusan Zidar/Shutterstock.com
Data released last month by Spain’s Ministry of Agriculture, Fisheries and Food showed that between October 2017 and May 2018, the olive oil industry’s export turnover exceeded two billion euros. As a result, Spain has maintained its position as the world’s number one olive oil exporter. This is no small feat given previous draughts and increased competition from other olive oil producing countries. In 2017, olive oil was Spain’s leading agricultural export. Spain accounts for more than half of the EU’s five million hectares of olive plantations, which employ 35 percent of the country’s farm workers. Most of Spain’s olive oil production is centred around Andalucía, an autonomous region along the southern coast. With around 500 companies exporting olive oil from Andalucía, the region supplies a whopping 40 percent of the globe’s olive oil supply. There are several factors that explain Spanish olive oil’s robust export performance.