Olive Oil Price

Olive Oil: 6.26 USD/kg (World, Aug 2026). Source: IMF.

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Recent prices

Period	Price (USD/kg)	Change
Aug 2026	6.26	+1.2%
Jul 2026	6.19	+0.5%
Jun 2026	6.15	-0.7%
May 2026	6.2	+0.9%
Apr 2026	6.14	+1.2%
Mar 2026	6.07	-1.3%
Feb 2026	6.15	+0.9%
Jan 2026	6.09	+1.5%
Dec 2025	6.01	+2.5%
Nov 2025	5.86	-1.2%
Oct 2025	5.93	+1.9%
Sep 2025	5.82	+8.5%

Annual averages

Year	Average (USD/kg)	Change
2026 (year to date)	6.16	+12.7%
2025	5.46	-38.3%
2024	8.86	+14.9%
2023	7.71	+72.5%
2022	4.47	+6.8%
2021	4.18	+59.2%
2020	2.63	-17.0%
2019	3.17	-19.1%
2018	3.91	-13.6%
2017	4.53	+13.9%

About Olive Oil

Spain, Italy and Greece together produce most of the world’s olive oil, which makes the crop unusually exposed to weather in just those few Mediterranean countries - the severe 2022-2023 drought in Spain, the largest producer by far, roughly halved its harvest and sent world prices to record highs. Tracked here via IMF’s benchmark reference series, since there’s no equivalent olive oil series in the World Bank Pink Sheet.

Top Olive Oil Producers

Rank	Country
1	Spain	854,001 t
2	Italy	359,540 t
3	Türkiye	234,515 t
4	Greece	228,850 t
5	Tunisia	210,000 t
6	Portugal	175,529 t
7	Morocco	120,200 t
8	Syria	89,257 t
9	Algeria	81,300 t
10	Egypt	40,000 t
11	Argentina	31,000 t
12	Albania	28,500 t
13	Jordan	25,028 t
14	Australia	23,500 t
15	Chile	23,200 t
16	Lebanon	17,300 t
17	Israel	16,500 t
18	Libya	16,000 t
19	United States	12,000 t
20	Iran	6,863 t
21	Cyprus	5,700 t
22	Croatia	4,500 t
23	France	3,700 t
24	Saudi Arabia	3,000 t
25	Uruguay	2,047 t
26	North Macedonia	1,790 t
27	El Salvador	1,588 t
28	Mexico	1,314 t
29	Azerbaijan	1,165 t
30	Afghanistan	1,064 t
31	Slovenia	600 t
32	Peru	279 t
33	Montenegro	25 t
34	Malta	7 t

FAOSTAT production data, 2023.

Top Olive Oil Importers

Rank	Country
1	Italy	405,132 t
2	United States	346,646 t
3	Spain	213,318 t
4	France	114,995 t
5	Portugal	96,061 t
6	Brazil	80,114 t
7	Germany	64,624 t
8	Türkiye	62,798 t
9	United Kingdom	62,533 t
10	Japan	48,945 t
11	Canada	45,382 t
12	Australia	24,480 t
13	China	22,757 t
14	Saudi Arabia	22,138 t
15	Netherlands	20,266 t
16	Mexico	18,711 t
17	Switzerland	15,781 t
18	South Korea	15,403 t
19	Belgium	14,698 t
20	Poland	13,178 t
21	United Arab Emirates	11,035 t
22	Russia	10,414 t
23	Morocco	10,401 t
24	Austria	10,340 t
25	Sweden	9,856 t
26	Taiwan	7,611 t
27	Colombia	7,111 t
28	Israel	7,103 t
29	India	6,570 t
30	Denmark	6,325 t
31	Venezuela	4,977 t
32	Romania	4,841 t
33	New Zealand	4,753 t
34	South Africa	4,715 t
35	Czechia	4,349 t
36	Croatia	4,219 t
37	Bulgaria	4,143 t
38	Ireland	4,138 t
39	Mali	3,919 t
40	Norway	3,898 t
41	Thailand	3,742 t
42	Kuwait	3,350 t
43	Philippines	3,335 t
44	Oman	3,281 t
45	Hong Kong SAR China	3,142 t
46	Hungary	3,069 t
47	Finland	2,826 t
48	Singapore	2,817 t
49	Dominican Republic	2,692 t
50	Costa Rica	2,368 t
51	Indonesia	2,237 t
52	Seychelles	2,229 t
53	Djibouti	2,203 t
54	Pakistan	2,191 t
55	Tunisia	2,049 t
56	Chile	1,959 t
57	Cape Verde	1,888 t
58	Lithuania	1,885 t
59	Greece	1,821 t
60	Angola	1,718 t
61	Slovakia	1,704 t
62	Ecuador	1,698 t
63	Panama	1,674 t
64	Slovenia	1,629 t
65	Ukraine	1,623 t
66	Guatemala	1,620 t
67	Qatar	1,592 t
68	Malaysia	1,575 t
69	Serbia	1,522 t
70	Luxembourg	1,509 t
71	El Salvador	1,476 t
72	Latvia	1,136 t
73	Peru	1,123 t
74	Vietnam	1,098 t
75	Iraq	1,032 t
76	Papua New Guinea	969 t
77	Kenya	935 t
78	Ghana	917 t
79	Yemen	893 t
80	Kazakhstan	885 t
81	Malta	850 t
82	Maldives	831 t
83	Iceland	795 t
84	Cambodia	787 t
85	Côte d’Ivoire	743 t
86	Albania	733 t
87	Uzbekistan	719 t
88	Belize	658 t
89	Honduras	654 t
90	Mauritius	651 t
91	Ethiopia	624 t
92	Estonia	607 t
93	Belarus	580 t
94	Uruguay	568 t
95	Mozambique	566 t
96	Bahrain	552 t
97	Nicaragua	528 t
98	Uganda	497 t
99	Trinidad & Tobago	482 t
100	Nigeria	479 t
101	Mauritania	457 t
102	Paraguay	409 t
103	Bosnia & Herzegovina	388 t
104	Gabon	377 t
105	Bahamas	360 t
106	Namibia	348 t
107	North Macedonia	346 t
108	French Polynesia	342 t
109	Somalia	341 t
110	Macao SAR China	333 t
111	Georgia	329 t
112	Iran	328 t
113	Jamaica	325 t
114	Armenia	318 t
115	Liberia	304 t
116	Cyprus	304 t
117	Bolivia	302 t
118	Bangladesh	293 t
119	Sudan	290 t
120	Cuba	285 t
121	Congo - Brazzaville	282 t
122	Congo - Kinshasa	274 t
123	Barbados	274 t
124	Botswana	261 t
125	Madagascar	259 t
126	Egypt	246 t
127	Azerbaijan	233 t
128	Montenegro	223 t
129	New Caledonia	220 t
130	Senegal	215 t
131	Mongolia	215 t
132	Argentina	213 t
133	Sri Lanka	205 t
134	Syria	191 t
135	Zambia	173 t
136	Libya	167 t
137	Lesotho	158 t
138	Moldova	149 t
139	Cameroon	145 t
140	Niger	140 t
141	Haiti	133 t
142	Fiji	127 t
143	Kyrgyzstan	115 t
144	Tanzania	114 t
145	Antigua & Barbuda	107 t
146	Central African Republic	99 t
147	Eswatini	96 t
148	South Sudan	88 t
149	Grenada	83 t
150	Rwanda	73 t
151	Zimbabwe	72 t
152	Guyana	67 t
153	Malawi	58 t
154	Tajikistan	57 t
155	Afghanistan	55 t
156	Timor-Leste	49 t
157	Equatorial Guinea	47 t
158	Benin	45 t
159	Nepal	45 t
160	Burkina Faso	44 t
161	São Tomé & Príncipe	43 t
162	Eritrea	42 t
163	Burundi	41 t
164	Brunei	41 t
165	St. Lucia	39 t
166	Dominica	39 t
167	Bhutan	38 t
168	Lebanon	35 t
169	Guinea-Bissau	34 t
170	St. Vincent & Grenadines	33 t
171	Laos	26 t
172	Guinea	26 t
173	Gambia	21 t
174	Faroe Islands	20 t
175	Chad	19 t
176	Myanmar (Burma)	17 t
177	Suriname	17 t
178	Samoa	15 t
179	Vanuatu	14 t
180	Cook Islands	13 t
181	North Korea	12 t
182	Turkmenistan	10 t
183	Sierra Leone	9 t
184	Marshall Islands	7 t
185	Comoros	6 t
186	Solomon Islands	5 t
187	Algeria	5 t
188	Togo	5 t
189	Tonga	4 t
190	Kiribati	3 t
191	St. Kitts & Nevis	3 t
192	Micronesia (Federated States of)	2 t
193	Naoero	1 t
194	Niue	1 t
195	Palau	0 t
196	Tuvalu	0 t

FAOSTAT trade data, 2023.

Top Olive Oil Exporters

Rank	Country
1	Spain	685,369 t
2	Italy	286,267 t
3	Greece	195,668 t
4	Tunisia	188,409 t
5	Portugal	176,995 t
6	Türkiye	152,418 t
7	Syria	85,711 t
8	Argentina	36,911 t
9	United States	19,836 t
10	Chile	18,132 t
11	France	14,056 t
12	Belgium	7,814 t
13	Morocco	7,774 t
14	Albania	5,615 t
15	United Arab Emirates	5,603 t
16	Egypt	5,037 t
17	Germany	4,721 t
18	Australia	4,601 t
19	Lebanon	4,499 t
20	Netherlands	4,497 t
21	Peru	4,325 t
22	United Kingdom	1,940 t
23	Poland	1,246 t
24	South Africa	1,204 t
25	Mexico	1,059 t
26	Austria	1,044 t
27	Djibouti	1,032 t
28	Jordan	1,025 t
29	Czechia	971 t
30	Lithuania	792 t
31	Azerbaijan	710 t
32	Cyprus	602 t
33	Saudi Arabia	592 t
34	Uruguay	584 t
35	Algeria	567 t
36	Latvia	528 t
37	Libya	370 t
38	Croatia	298 t
39	Denmark	290 t
40	Israel	284 t
41	Canada	276 t
42	Slovenia	272 t
43	Russia	253 t
44	Slovakia	243 t
45	South Korea	241 t
46	Singapore	239 t
47	Hong Kong SAR China	211 t
48	Hungary	187 t
49	Sweden	177 t
50	Ireland	159 t
51	Finland	152 t
52	Luxembourg	122 t
53	Brazil	117 t
54	China	116 t
55	Estonia	109 t
56	Japan	92 t
57	Romania	74 t
58	Bulgaria	68 t
59	New Zealand	63 t
60	Kuwait	58 t
61	Malaysia	49 t
62	India	41 t
63	Brunei	40 t
64	Pakistan	36 t
65	Serbia	35 t
66	Oman	35 t
67	Costa Rica	34 t
68	Colombia	33 t
69	Sudan	31 t
70	El Salvador	31 t
71	Cameroon	30 t
72	Guatemala	25 t
73	Armenia	25 t
74	Taiwan	23 t
75	Tanzania	20 t
76	Nigeria	19 t
77	Uganda	18 t
78	Switzerland	17 t
79	Vietnam	15 t
80	Bahrain	15 t
81	Georgia	15 t
82	North Macedonia	13 t
83	Kazakhstan	11 t
84	Cape Verde	11 t
85	Sierra Leone	11 t
86	Thailand	10 t
87	Jamaica	10 t
88	Ghana	10 t
89	Burkina Faso	8 t
90	Uzbekistan	7 t
91	Norway	6 t
92	Namibia	6 t
93	Niger	5 t
94	Trinidad & Tobago	4 t
95	Kenya	4 t
96	Montenegro	3 t
97	Bosnia & Herzegovina	3 t
98	Ukraine	3 t
99	Iran	3 t
100	Macao SAR China	3 t
101	Indonesia	3 t
102	Iraq	2 t
103	Côte d’Ivoire	2 t
104	Dominican Republic	2 t
105	Ecuador	1 t
106	Iceland	1 t
107	Botswana	1 t
108	Angola	1 t
109	Fiji	1 t
110	Paraguay	1 t
111	Laos	1 t
112	Guyana	0 t
113	Cuba	0 t
114	Mozambique	0 t
115	Haiti	0 t
116	Senegal	0 t
117	Gabon	0 t
118	Belarus	0 t
119	Madagascar	0 t
120	Mauritius	0 t
121	Nepal	0 t
122	South Sudan	0 t
123	Bangladesh	0 t
124	Bahamas	0 t
125	Marshall Islands	0 t

FAOSTAT trade data, 2023.

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