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2022
Exports $91.1MWorld Rnk 3 / 115
Flag Rnk 500 / 1214
2022
Destination $2.74M United States
2021 - 2022
FASTEST GROWING MARKET $2.74MFrance
2022
PRODUCT COMPLEXITY IN Vermouth-0.6Rnk 729 / 1025
2022
Imports $31MWorld Rnk 6 / 212
Flag Rnk 770 / 1214
2022
Origin $18.9M Italy
2021 - 2022
FASTEST GROWING ORIGIN $18.9MItaly
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $91.1M in Vermouth, making it the 3rd largest exporter of Vermouth in the world. At the same year, Vermouth was the 500th most exported product in Spain. The main destination of Vermouth exports from Spain are: United States ($20.6M), France ($10.5M), Japan ($6.21M), Germany ($4.55M), and Belgium ($4.32M).

The fastest growing export markets for Vermouth of Spain between 2021 and 2022 were France ($2.74M), Germany ($1.65M), and Dominican Republic ($721k).

Imports In 2022, Spain imported $31M in Vermouth, becoming the 6th largest importer of Vermouth in the world. At the same year, Vermouth was the 770th most imported product in Spain. Spain imports Vermouth primarily from: Italy ($28M), France ($980k), Germany ($507k), Georgia ($400k), and Portugal ($305k).

The fastest growing import markets in Vermouth for Spain between 2021 and 2022 were Italy ($18.9M), France ($595k), and Georgia ($133k).

COMPANIES In 2023, leading companies such as MISA Imports (266) were at the forefront of shipping Vermouth from Spain to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Spain's Vermouth exports accounted up to €8.28M and imports accounted up to €4.9M, resulting in a positive trade balance of €3.38M. Between June 2023 and June 2024 the exports of Spain's   Vermouth have decreased by €-1.72M (-17.2%) from €10M to €8.28M, while imports decreased by €-1.97M (-28.7%) from €6.87M to €4.9M.

Destinations In June 2024, Vermouth were exported mostly to France (€1.04M), United States (€1.01M), Belgium (€718k), Portugal (€614k), and Denmark (€486k), and were imported mostly from Italy (€4.37M), Germany (€253k), France (€119k), Netherlands (€62.5k), and Dominican Republic (€33.6k).

Growth In June 2024, the decrease in Vermouth's year-by-year exports was explained primarily by a decrease in exports to United States (€-180k or -14%), Canada (€-155k or -82%), and Costa Rica (€-153k or -72.3%). In June 2024, the decrease in Vermouth's year-by-year imports was explained primarily by a decrease in imports from Italy (€-3M or -87.9%) and Germany (€-34.2k or -56.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-1.72M(-17.2%)
IMPORT GROWTH (June 2023 - June 2024)€-1.97M(-28.7%)
MAIN EXPORTER (June 2024)Ciudad Real€3.52M
MAIN DESTINATION (June 2024)France€1.04M

This section shows Vermouth's exports and imports data at subnational level for Spain. 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)$91.1M
IMPORTS (2022)$31M
NET TRADE (2022)$60.1M

In 2022, Spain exported $91.1M in Vermouth. The main destinations of Spain exports on Vermouth were United States ($20.6M), France ($10.5M), Japan ($6.21M), Germany ($4.55M), and Belgium ($4.32M).

In 2022, Spain imported $31M in Vermouth, mainly from Italy ($28M), France ($980k), Germany ($507k), Georgia ($400k), and Portugal ($305k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vermouth EXPORT MARKETS FOR Spain WERE (2021 - 2022):
France$2.74M (35.2%)
Germany$1.65M (57%)
Dominican Republic$721k (97%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vermouth BY Spain WERE (2021 - 2022):
Chile-$2.38M (-54.1%)
United States-$1.79M (-8.01%)
China-$1.1M (-44.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Vermouth were:
Italy $250M
France $126M
In 2022, Spain'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+ $1.21M
TOP IMPORT POTENTIALFrance+ $1.29M

Vermouth’s highest export potential is Germany. With an export gap of $1.21M.   Vermouth’s highest import potential is France with an import gap of $1.29M.

See methodology.

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