Spanish olive oil exports to the United States rose unexpectedly in the first quarter of the 2020/21 fiscal year, which runs from October 2020 to January 2021.
The increase in exports from the world’s largest producer to the third-largest consumer came despite the 25-percent tariff imposed by the U.S. on packaged Spanish olive oil imports, which was still in force at the time and only temporarily suspended on March 5.
According to data from the Spanish Ministry of Agriculture, Fisheries and Food, more than 54,000 tons of olive oil were shipped to the U.S. from October to January.