The trade balance of oil made in Italy is back in the positive. According to the latest Istat data, between January and August 2024, Italian olive oils recorded cross-border sales of more than 2 billion euros, thus achieving a growth in value of 59% over the same period in 2023. A leap, also driven by the increase in price lists, which has brought the export balance back to positive after 4 years and which represents good news for an Italian sector struggling with two particularly disappointing consecutive oil campaigns. Net of inflationary dynamics, there was also a 5.4% growth in volumes, driven by non-European markets (+9.6% the volume result for the first 8 months of 2024) – in particular the USA (+9.6%), Japan (+6.1%) and Canada (+12.9%) – but also by Germany, the second largest trading partner (+17.9%). Acting as an ambassador, extra virgin olive oil, a symbolic product of the Mediterranean diet and the quality of Made in Italy cuisine, responsible for about 85% of foreign sales between January and August of this year (the final balance of the 8 months exceeds 1.7 billion) with a trade surplus of almost 107 million euros.