United States, Japan and China have been the main European destinations of olive oil between October and May during the 2015/16 campaign, according to the latest data from the European Commission (EC). Brazil, Canada, Australia and Russia are other countries that have targeted European exports of this product.
In particular, Member States have exported to third countries a total of 417,107 tons between October 2015 and May 2016, representing a 5% increase over the same period of the preceding year, of which 40% corresponded to United States, with 165,685 tons (+ 19% compared to the 2014/15 season).
This destination was followed by Japan (34,962 tons, a similar figure to the one of the same period of the previous year); China (24,941 tons, + 21%.); Brazil (21,092 tons, -45%); Canada (18,626 t, + 7%.); Australia (16,185 t., + 30%) and Russia (10,501 t., + 1%).
As for imports, data from the EU executive outlined that the EU has imported in this period a total of 82,656 tons, 47% less than in the same months of the 2014/15 campaign, of which 57,435 tons come from Tunisia (-56%); Morocco 9,395 tons (-54%); 6,865 tons of Argentina (+ 1,329%); and 389 tons of Turkey (-50%).The main European destinations of olive oil during the 2015/16 campaign,