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Spain witnessed a dramatic surge in its imports of Moroccan olive oil during the first half of 2026. The value of these purchases soared from approximately €641,000 in the same period of the previous year to nearly €58 million, marking an astounding year-on-year increase of almost 9000 percent, according to data reported by Spanish media outlets.
These figures reveal a significant transformation in the volume of olive oil trade between the two neighboring countries. Quantities imported by Spain from Morocco in the first six months of 2026 reached nearly 19 tons, a sharp increase from only about 300 kilograms during the corresponding period in 2025.
This notable increase occurs despite Spain's prominent global position in olive oil production. Data from the International Olive Council indicates that Spain contributes over 40 percent of global production, firmly establishing it as the world's largest producer of olives and olive oil.
According to the same data, this recorded rise in Spanish imports from Morocco is attributed, among other factors, to evolving trade dynamics in the olive oil sector between the two nations. This is driven by escalating demand for raw material, competitive pricing, and attractive commercial margins that significantly influence market participants' decisions.
Agricultural analyses cited by Spanish sources suggest that importing Moroccan olive oil can provide wider commercial margins for certain stakeholders, particularly major distribution chains. Meanwhile, a substantial portion of Spanish olive oil, especially extra virgin olive oil, is directed towards lucrative international markets due to robust global demand.
Source: Al-Sahifa