Commodity | Reporter | Partner | Trade flow | Indicator | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
1509. Olive oil and its fractions, whether or not refined, but not chemically modified | European Union | USA | Exports | Value (US$) | 733,576,362.00 | 775,437,836.25 | 923,520,812.44 | 848,185,745.57 | 1,094,430,976.84 | 1,124,895,498.56 | 1,058,767,763.04 | 986,915,645.46 | 1,083,729,881.82 | 1,174,712,871.03 | 1,355,657,636.80 | 1,522,779,684.26 |
Value Growth, YoY (%) | -1.23 | 5.70 | 19.09 | -8.15 | 29.03 | 2.78 | -5.87 | -6.78 | 9.80 | 8.39 | 15.40 | 12.32 |
The value of exports of commodity group 1509 "Olive oil and its fractions, whether or not refined, but not chemically modified" from European Union to USA totalled $ 1.52 billion in 2023. Sales of commodity group 1509 from European Union to USA increased by 12.3% compared to 2022: exports of commodity group 1509 "Olive oil and its fractions, whether or not refined, but not chemically modified" went up by $ 167 million (exports of commodity group 1509 from European Union to USA were equal to $1.35 billion in 2022)
Exports of "Olive oil and its fractions, whether or not refined, but not chemically modified" from European Union to USA accounted for 0.284% of the total merchandise exports in 2023 (total sales of goods from European Union to USA were equal to $ 535 billion in 2023). The share of commodity group 1509 grew up by 0.027 p.p. in overall exports from European Union to USA compared to 2022 (it was 0.257% in 2022 and cumulative exports from European Union to USA were equal to $ 527 billion).
Exports of commodity group 1509 accounted for 73% of total sales of commodity group "" from European Union to USA in 2023 (cumulative exports of commodity group from European Union to USA were equal to $2.08 billion in 2023). The share of exports of commodity group 1509 in sales of commodity group from European Union to USA went up by 3.11 p.p. compared to 2022 (it was 70% in 2022, and exports of commodity group from European Union to USA were $1.93 billion).
The share of USA in total exports of commodity group 1509 "Olive oil and its fractions, whether or not refined, but not chemically modified" from European Union was 36 percent (1.52 billion USD) in 2023 of 4.12 billion USD - the value of overall merchandise exports of commodity group 1509 from European Union in 2023. The share of USA in exports of commodity group 1509 "Olive oil and its fractions, whether or not refined, but not chemically modified" from European Union grew up by 0.825 p.p. in value terms compared to 2022 (it was 36 percent in 2022, and overall exports of commodity group 1509 "Olive oil and its fractions, whether or not refined, but not chemically modified" from European Union amounted to 3.75 billion USD).