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Spain is a global benchmark and leader in olive oil production and marketing, with an olive grove area that continues to grow; in 2024, the United States increased its imports by almost 60%, although shipments may decline due to the tariff policy threatened by Donald Trump. Spain boasts around 25% of the world's olive grove surface, which increases year after year; around 93% of its extension is dedicated to oil production and the rest to table olive production. The surface of this woody crop occupied 2,830,330 hectares at the end of 2024, 179,529 hectares more than in 2017. Spain produces around 50% of the world's olive oils and has more than 200 olive varieties, such as Arberquina, Hojiblanca, Cornicabra, or Picual, which provide differentiated flavors and aromas to each batch. Spain's average production in the last 20 years is 1.214 million tons, with two campaigns heavily marked by drought (672,100 t in 2022/23 and 843,400 t in 2023/24). In the current 2024/25 campaign, which ...

The Minister of Agriculture, Fisheries and Food, Luis Planas, has defended this Thursday the strategic importance of the European Union (EU)-Mercosur agreement, assuring that it will benefit sectors such as olive oil and wine, which are so important for Spain and Italy. Planas met in Rome with his Italian counterpart, Francesco Lollobrigida, before another meeting with the Director General of the Food and Agriculture Organization of the United Nations (FAO), Qu Dongyu, on the eve of the UN organization's Conference of Agriculture Ministers. Amid the trade war unleashed by the President of the United States, Donald Trump, by threatening to impose strong tariffs on his trading partners, the agreement between the EU and Mercosur has been one of the central topics of the meeting between the Spanish and Italian ministers, according to a statement from the Ministry. Planas highlighted to Lollobrigida that this is a good agreement that, among other sectors, will benefit the olive oil and ...

The threat from the President of the United States, Donald Trump, that Spain will pay for the trade channel what it is not willing to assume within the framework of NATO once again leaves Spanish olive oil exposed to potential tariffs that the leader might impose. Olive oil is the most exported product to the US, with 113,416 tons sold in 2024 for an amount of 1,013 million euros, representing a 58% increase from the 640 million in 2023. Trump has announced his willingness to differentiate Spain from the rest of the European Union, with which he is already negotiating an agreement after threatening in April with what he calls reciprocal tariffs to correct a trade deficit he considers unfair. This situation could imply tariffs on specific products that affect Spain to a greater extent, such as olive oil, but also other agri-food products like wine or olives, in addition to fuels or medications. In total, Spain exported 18,179.1 million euros to the US in 2024, 3.8% less than the ...