Italian olive oil is solidifying its reputation as a global benchmark for quality. Despite challenges from climate change and the sector’s natural production cycles, the industry has shown remarkable resilience, underpinned by rising value and strong export growth. The latest Ismea (Institute of Services for the Agricultural Food Market) report paints a positive picture, with the trade deficit plunging 84.3%.

In 2024, Italy exported 344,000 tonnes of olive oil, up 6.8% in volume. The value increase was even more striking: a 42.6% jump over 2023, topping €3.09 billion. Overall industry turnover reached €5.8 billion, securing Italy’s position as the world’s second-largest exporter with a 20% global market share, just behind Spain.