Olive Oil Prices in Italy
| Variety | Market level | Price (US$/kg) | Local (EUR) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| - | Export (unit value) | 5.30 | 4.90 | ▲ 18.0% | ▲ 18.0% | UN Comtrade (unit value) |
As of June 2026, the olive oil price in Italy available is US$ 5.30 per kg (4.90 EUR), up 18.0% year-on-year.
Italy is a leading exporter of olive oil, ranking second globally in 2021 with exports valued at US$1.55 billion and 293,077 tonnes, accounting for 22.0% of world exports and showing a 10.6% year-on-year increase. In 2023, Italy produced 359,540 tonnes of olive oil, also ranking second worldwide and contributing 13.7% of global output, with an 8.6% annual growth. The latest export unit value is US$5.3035 per kg.
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Olive Oil Price History & Trend
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Production, Exports, Imports & HS Codes - olive oil in Italy
Italy is a leading exporter of olive oil, ranking second globally in 2021 with exports valued at US$1.55 billion and 293,077 tonnes, accounting for 22.0% of world exports and showing a 10.6% year-on-year increase. In 2023, Italy produced 359,540 tonnes of olive oil, also ranking second worldwide and contributing 13.7% of global output, with an 8.6% annual growth. The latest export unit value is US$5.3035 per kg.
Exports UN Comtrade · 2021
In 2021, Italy exported $1.55B (293.1 kt) of olive oil▲ 10.6% YoY. That ranks #2 worldwide (22% of global exports).
Export value by year (US$)
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 $565.6M · 8%
Annual export data Italy · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2021 | $1.55B | 293.1 kt | $5.3 |
| 2020 | $1.41B | 312.7 kt | $4.5 |
Production FAOSTAT · 2023
Italy produced 359.5 kt of olive oil in 2023▲ 8.6% YoY. It ranks #2 among producing countries (13.7% of world output).
Production by year (tonnes)
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; production - FAOSTAT (FAO). Values are official reported figures.