2023
Exports
$200kWorld Rnk 46 / 117
Flag Rnk 471 / 973
2023
PRODUCT COMPLEXITY IN Vermouth
-0.84Rnk 792 / 1025
2023
Imports
$514kWorld Rnk 92 / 210
Flag Rnk 703 / 1135
2023
ECONOMIC COMPLEXITY of Armenia
0.094Rnk 57 / 132

About

Exports In 2023, Armenia exported $200k in Vermouth, making it the 46th largest exporter of Vermouth in the world. At the same year, Vermouth was the 471st most exported product in Armenia. The main destination of Vermouth exports from Armenia are: United States ($152k) and Georgia ($48k).

The fastest growing export markets for Vermouth of Armenia between 2022 and 2023 were Georgia ($48k) and United States ($8.58k).

Imports In 2023, Armenia imported $514k in Vermouth, becoming the 92nd largest importer of Vermouth in the world. At the same year, Vermouth was the 703rd most imported product in Armenia. Armenia imports Vermouth primarily from: Italy ($284k), Georgia ($195k), Netherlands ($7.74k), France ($6.19k), and Lithuania ($5.46k).

The fastest growing import markets in Vermouth for Armenia between 2022 and 2023 were Italy ($37.9k), Lithuania ($5.02k), and United States ($4.69k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Vermouth. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$200k
IMPORTS (2023)$514k
NET TRADE (2023)-$314k

In 2023, Armenia exported $200k in Vermouth. The main destinations of Armenia exports on Vermouth were United States ($152k) and Georgia ($48k).

In 2023, Armenia imported $514k in Vermouth, mainly from Italy ($284k), Georgia ($195k), Netherlands ($7.74k), France ($6.19k), and Lithuania ($5.46k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Vermouth EXPORT MARKETS FOR Armenia WERE (2022 - 2023):
Georgia$48k (1%)
United States$8.58k (5.98%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vermouth BY Armenia WERE (2022 - 2023):
Latvia-$56.5k (-100%)
Israel-$6k (-100%)
Canada-$2.93k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Armenia's main exporting competitors in Vermouth were:
Italy $301M
Spain $71.5M
In 2023, Armenia's main importing competitors in Vermouth were:

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Trade Value of Vermouth by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $35.2k
TOP IMPORT POTENTIALItaly+ $8.28k

Vermouth’s highest export potential is United States. With an export gap of $35.2k.   Vermouth’s highest import potential is Italy with an import gap of $8.28k.

See methodology.

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