Botticelli-Olive-Oil

Botticelli Foods Olive Oil: Sourced from Italy or Tunisia? Pricing Differences?

This report uncovers sources of Botticelli Foods olive oil, HS:1509. Two countries supply Botticelli: Italy and Tunisia. Using Botticelli’s BOL trade data, which we provide, we find exactly why the 21 Tunisian imported shipments were worth more than the 65 shipments from Italy. More of Botticelli Foods olive oil is actually Tunisian.

Company Overview

Botticelli Foods is a company known for its excellent olive oil. Botticelli Foods is available at many American grocery stores. They offer high quality olive oil at a wholesale price in their big tins. Botticelli Foods is located in Hauppauge, New York. They can be contacted by phone: 631-543-7000 and e-mail: Info@botticelli-foods.com. Click here to view their website.

Botticelli Imports: Basics 

In 2010 Botticelli Foods brought in 86 imported shipments worth an estimated 7,498,263 dollars from October 2010 to October 2011. All these shipments came from two countries: Italy and Tunisia. Italy and Tunisia are two of the three largest suppliers of foreign olive oil to the United States. 76% of the shipments to Botticelli Foods were from Italy, while 24% were from Tunisia.

Botticelli imported an estimated 3.3 million dollars worth of commodities from Italy. While Tunisia’s shipments were much less, the estimated value imported from Tunisia was 4.2 million dollars.

Imports of Botticelli Foods from Italy and Tunisia by estimated value, number of shipments, and country of origin

Why are 21 Tunisian shipments worth more than 65 Italian shipments?

Number of shipments imported by Botticelli Foods from Italy and Tunisia, separated by category of commodities

An important question that can be asked is why are the 21 shipments from Tunisia worth more than the 65 shipments from Italy? With the full dataset of Bills of Lading from Italy and Tunisia we can find the answer to this question. The following graph documents a number of shipments from each country. The different colors represent the different commodities from each country. We see that Italy ships a diversified product catalog, including virgin olive oil and pasta, while Tunisia supplies olive oil. We also see that a number of the Italian shipments are empty, represented by the blue space on the top of Italy’s bar.

Estimated Value of extra virgin olive oil, olive oil, and pasta: couscous imported by Botticelli Foods from Italy and Tunisia

Botticelli Foods Imports by Value and Quantity: More Olive Oil from Tunisia than Italy?

Shipments do not necessarily mean the whole boat was full. Common sense would tell us that a boat full of olive oil would cost a lot more than a boat of pasta.

We used Botticelli Foods BOLs raw excel data, available here to find our answers. The first graph below represents the estimated value imported from each country separated by product code. The second graph represents quantity of the products shipped. We see that while there were only a few shipments of pasta, by quantity, it was the largest import from Italy. Even with the huge quantity it was worth less than the olive oil imported from Italy. We also see the large quantity of olive oil from Tunisia directly correlates with estimated value. The reason Tunisian imports were worth more than Italian imports is that a larger quantity of olive oil, which was worth more, was imported from Tunisia than Italy.

Quantity of extra virgin olive oil, olive oil, and pasta: couscous imported by Botticelli Foods from Italy and Tunisia

Contrary to common belief, Botticelli Foods gets more olive oil from Tunisia than Italy. The graphs provided were made from the BOL data. A complete, detailed MS Excel Spreadsheet is available for download by clicking the hyperlink. With data proving our points we can make surer statements and decisions, thus uncovering the reality of trade relationships.

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