5 Countries that Produce the Best Extra Virgin Olive Oil

2. Italy

2021 Olive Oil Exports: $1.73 billion

Italy produces 76% of the olive oil from the region of Puglia, Calabria, and Sicily. The country is known for growing the Frantoio, Leccino, and Pendolino varieties, which are known for their fruity flavor. In addition to extra virgin olive oil, Italy also produces and exports other types of olive oil, such as lampante oil, which is used for industrial purposes, and refined olive oil, which is used for cooking. The production of olive oil in Italy is done by small and medium size companies and cooperatives. Italy is the second biggest exporter of olive oil in the world and the biggest importer of olive oil in the world as well. Overall, the country is a net importer of olive oil currently.