Olive Oil Prices in Iceland
| Variety | Market level | Price (US$/kg) | Local (ISK) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Export (unit value) | 4.73 | 662 | ▼ 9.4% | ▼ 9.4% | UN Comtrade (unit value) |
As of June 2026, the olive oil price in Iceland available is US$ 4.73 per kg (662 ISK), down 9.4% year-on-year.
In 2021, Iceland exported olive oil valued at US$1,089, with no recorded export volume, ranking #102 out of 114 exporters. The export value declined by 76.8% year-on-year. The latest export unit value for olive oil from Iceland is US$4.7276 per kg. Iceland is a net exporter of olive oil.
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Olive Oil Price History & Trend
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Production, Exports, Imports & HS Codes - olive oil in Iceland
In 2021, Iceland exported olive oil valued at US$1,089, with no recorded export volume, ranking #102 out of 114 exporters. The export value declined by 76.8% year-on-year. The latest export unit value for olive oil from Iceland is US$4.7276 per kg. Iceland is a net exporter of olive oil.
Exports UN Comtrade · 2021
In 2021, Iceland exported $1.1K (0.2 t) of olive oil▼ 76.8% YoY. That ranks #102 worldwide.
Export value by year (US$)
Export volume by year
Top olive oil exporters worldwide UN Comtrade · 2021
- #1 Spain $3.04B · 43%
- #2 Italy $1.55B · 22%
- #3 Portugal $724.8M · 10.2%
- #4 Greece $637.1M · 9%
- #5 Tunisia $565.6M · 8%
Annual export data Iceland · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2021 | $1.1K | 0.2 t | $4.73 |
| 2020 | $4.7K | 0.9 t | $5.22 |
HS Code
olive oil is traded under Harmonized System code 1509.10. Trade figures above are compiled for this HS heading.
Sources: trade & HS - UN Comtrade. Values are official reported figures.