{
  "id": 13177465,
  "title": "El aceite de oliva español, el inesperado gran beneficiario del pacto UE-China",
  "url": "https://urgent.news/2026/10/09/el-aceite-de-oliva-espanol-el-inesperado-gran-beneficiario-del-pacto",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-09T17:47:50.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/empresas/distribucion/2026/10/09/6ac927fce5fdea376a8b458c.html"
  },
  "original_language": "es",
  "account": "Spain's Spanish extra virgin olive oil is enjoying an unexpected boost from the EU-China agreement, becoming one of the biggest beneficiaries. Spain enjoys an 80% market share in China, far ahead of competitors like Italy. Chinese consumers highly value the premium quality of the olive oil. Within the past season, Spanish exporters sent over 30,000 tons of olive oil to China, a record that peaked at 40,000 tons before price hikes. China is the second-largest market outside the EU for Spanish olive oil. The oil competes against a 10% tariff plus a 9% local VAT in Chinese customs. In 2023 and 2024, exports of the oil fell by 50% due to soaring costs from droughts. However, the tariff reduction agreed upon in the EU-China pact may significantly benefit Spanish olive oil. Spain now ranks as the sixth largest export market for Spain globally and the second-largest outside the EU, behind only the United States.",
  "summary": "El bloque comunitario logra que el gigante asiático rebaje sus aranceles sobre un producto en el que España alcanza una cuota de mercado del 80%. China es el segundo país de fuera de la UE que más importa aceite de oliva español. Leer",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}