Of the 101,000 tons of olives produced in 2021, around 54,390 tons were crushed or cold-pressed for olive oil. As of 2021, this production is valued at $764 per ton.

The country receives preferential tariffs on the export of olive oil to fellow European Union (EU) members. Portugal is responsible for 9.89% of total global olive oil exports.

In 1960, frustrated by Western control over the world’s oil industry, five of the world’s top oil-producing nations created the Organization of the Petroleum Exporting Countries, or OPEC. The ...

10. United States of America. 2021 Olive Oil Exports: $44 million. The US olive oil industry is dominated by large-scale industrial producers, but there are also several small-scale, artisanal ...