Exports of Spanish olive oil in March exceeded 159,000 tons, setting a new record. The best previous performance was in October of 2019, when the export volume amounted to 155,600 tons.
Spain has around 2.5 million hectares allocated to olive groves. It produces around half of the world’s total olive oil; approximately half of that is then exported.
In recent years, the annual production in Spain has been around 1.75 million tons. The main export destination markets include Italy, France, the US and the UK.
Mexico and China also import Spanish olive oil with considerable opportunities for growth in the future.