Vegetable oils; olive oil and its fractions, extra virgin olive oil, whether or not refined, but not chemically modified

HS v2022 Code: 150920

About vegetable oils; olive oil and its fractions, extra virgin olive oil, whether or not refined, but not chemically modified

HS code 150920 covers the import and export of extra virgin olive oil, a highly valued and versatile vegetable oil. Olive oil is a staple ingredient in many cuisines around the world, particularly in the Mediterranean region, and is prized for its distinct flavor, nutritional profile, and health benefits. As a key component of the global food and agricultural industry, the trade of extra virgin olive oil plays a significant role in international commerce and the broader economy.

Production process

The production of extra virgin olive oil involves a relatively straightforward process. Olives are harvested, typically by hand or with specialized machinery, and then transported to processing facilities. The olives are then washed, crushed, and the oil is extracted using mechanical methods, such as centrifugation or pressing, without the use of chemical solvents. The resulting oil is then filtered and bottled, ensuring it meets the strict quality standards for extra virgin olive oil.

Production inputs

The primary inputs required for the production of extra virgin olive oil are olives, which are the raw material. Additionally, the industry relies on specialized machinery and equipment for harvesting, processing, and packaging the oil. Energy sources, such as electricity or fuel, are also necessary for the various stages of production. Labor, both skilled and unskilled, is another key input, as the harvesting and processing of olives often involve significant manual work.

Production outputs

The main output of HS code 150920 is extra virgin olive oil, which is then consumed by a variety of other industries and end-users. This includes the 150910 Vegetable oils; olive oil and its fractions, not chemically modified industry, as well as the 210320 Tomato ketchup and other tomato sauces and 210390 Condiments and seasonings, n.e.c. industries, which use olive oil as an ingredient. Extra virgin olive oil is also a popular consumer product, sold directly to households for cooking, baking, and other culinary applications.

Revisions to 150920

Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code 150920. The most recent 1 version of this code (150920) is in the HS v2022 system (this version):

This page shows the most recent version of code 150920.

Family tree for vegetable oils; olive oil and its fractions, extra virgin olive oil, whether or not refined, but not chemically modified

    graph LR
    A["<a href='/classifications/hs/v2022/15'>15: Animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes</a>"]
A --> B["<a href='/classifications/hs/v2022/1509'>1509: Olive oil and its fractions; whether or not refined, but not chemically modified</a>"]
B --> C["<a href='/classifications/hs/v2022/150920'>150920: Vegetable oils; olive oil and its fractions, extra virgin olive oil, whether or not refined, but not chemically modified</a>"]

    B --> D["<a href='/classifications/hs/v2022/150930'>150930: Vegetable oils; olive oil and its fractions, virgin olive oil, whether or not refined, but not chemically modified</a>"]
B --> E["<a href='/classifications/hs/v2022/150940'>150940: Vegetable oils; olive oil and its fractions, virgin olive oils n.e.c. in heading 1509, whether or not refined, but not chemically modified</a>"]
B --> F["<a href='/classifications/hs/v2022/150990'>150990: Vegetable oils; olive oil and its fractions, other than virgin, whether or not refined, but not chemically modified</a>"]

    

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