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2022
Exports $7.77MWorld Rnk 11 / 115
Flag Rnk 900 / 1213
2022
Destination $492k Netherlands
2021 - 2022
FASTEST GROWING MARKET $492kNetherlands
2022
PRODUCT COMPLEXITY IN Vermouth-0.6Rnk 729 / 1025
2022
Imports $28.1MWorld Rnk 7 / 212
Flag Rnk 776 / 1214
2022
Origin $214k Italy
2021 - 2022
FASTEST GROWING ORIGIN $214kSpain
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $7.77M in Vermouth, making it the 11th largest exporter of Vermouth in the world. At the same year, Vermouth was the 900th most exported product in Belgium. The main destination of Vermouth exports from Belgium are: Netherlands ($4.38M), Luxembourg ($1.7M), United Kingdom ($535k), Poland ($207k), and Switzerland ($205k).

The fastest growing export markets for Vermouth of Belgium between 2021 and 2022 were Netherlands ($492k), Switzerland ($104k), and Cameroon ($48.6k).

Imports In 2022, Belgium imported $28.1M in Vermouth, becoming the 7th largest importer of Vermouth in the world. At the same year, Vermouth was the 776th most imported product in Belgium. Belgium imports Vermouth primarily from: Italy ($15.1M), Spain ($4.32M), France ($3.44M), Germany ($2.35M), and Netherlands ($2.29M).

The fastest growing import markets in Vermouth for Belgium between 2021 and 2022 were Spain ($214k), Germany ($201k), and Sweden ($81.9k).

COMPANIES In 2023, leading companies such as Pernod Ricard (2) were at the forefront of shipping Vermouth from Belgium to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Vermouth exports accounted up to €588k and imports accounted up to €2.21M, resulting in a negative trade balance of €1.62M. Between July 2023 and July 2024 the exports of Belgium's   Vermouth have decreased by €-64.1k (-9.83%) from €652k to €588k, while imports decreased by €-676k (-23.4%) from €2.88M to €2.21M.

Destinations In July 2024, Vermouth were exported mostly to Luxembourg (€200k), Netherlands (€182k), Germany (€102k), United Kingdom (€51.7k), and Poland (€13.8k), and were imported mostly from Italy (€895k), Spain (€704k), France (€296k), Netherlands (€222k), and Germany (€87.3k).

Growth In July 2024, the decrease in Vermouth's year-by-year exports was explained primarily by a decrease in exports to Germany (€-30.1k or -51.5%), Switzerland (€-24.4k or -87.3%), and Austria (€-774 or -45.9%). In July 2024, the decrease in Vermouth's year-by-year imports was explained primarily by a decrease in imports from Netherlands (€-230k or -78.3%), Italy (€-98.6k or -13.8%), and Germany (€-26.8k or -67.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€-64.1k(-9.83%)
IMPORT GROWTH (July 2023 - July 2024)€-676k(-23.4%)
MAIN DESTINATION (July 2024)Luxembourg€200k

This section shows Vermouth's exports and imports data at subnational level for Belgium. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Vermouth over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.77M
IMPORTS (2022)$28.1M
NET TRADE (2022)-$20.3M

In 2022, Belgium exported $7.77M in Vermouth. The main destinations of Belgium exports on Vermouth were Netherlands ($4.38M), Luxembourg ($1.7M), United Kingdom ($535k), Poland ($207k), and Switzerland ($205k).

In 2022, Belgium imported $28.1M in Vermouth, mainly from Italy ($15.1M), Spain ($4.32M), France ($3.44M), Germany ($2.35M), and Netherlands ($2.29M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vermouth EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Netherlands$492k (12.6%)
Switzerland$104k (102%)
Cameroon$48.6k (5.07k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vermouth BY Belgium WERE (2021 - 2022):
Germany-$513k (-73.6%)
United Kingdom-$330k (-38.1%)
Colombia-$54.6k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Vermouth were:
Italy $250M
France $126M
Spain $91.1M
In 2022, Belgium's main importing competitors in Vermouth were:
Germany $90.6M
United States $81.4M
Russia $58.6M

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Trade Value of Vermouth by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $375k
TOP IMPORT POTENTIALFrance+ $1.63M

Vermouth’s highest export potential is Germany. With an export gap of $375k.   Vermouth’s highest import potential is France with an import gap of $1.63M.

See methodology.

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