Vermouth in Spain 2020 Exports | Imports : $73.4M | $25.5M, World Rnk 3 / 104 Rnk 503 / 1213 | World Rnk 8 / 206 Rnk 751 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $633k | $613k, Portugal | Portugal
Exports In 2020, Spain exported $73.4M in Vermouth, making it the 3rd largest exporter of Vermouth in the world. At the same year, Vermouth was the 503rd most exported product in Spain. The main destination of Vermouth exports from Spain are: United States ($21.2M), Japan ($6.96M), France ($4.3M), Belgium ($3.99M), and Portugal ($2.76M).
The fastest growing export markets for Vermouth of Spain between 2019 and 2020 were Portugal ($633k), Belgium ($596k), and Sweden ($562k).
Imports In 2020, Spain imported $25.5M in Vermouth, becoming the 8th largest importer of Vermouth in the world. At the same year, Vermouth was the 751st most imported product in Spain. Spain imports Vermouth primarily from: Italy ($22.8M), Portugal ($768k), Georgia ($372k), Germany ($323k), and France ($298k).
The fastest growing import markets in Vermouth for Spain between 2019 and 2020 were Portugal ($613k), Netherlands ($210k), and Malta ($177k).
Tariffs In 2019, the average tariff for Spain in Vermouth was 13.8k%. The countries with the highest import tariffs for Vermouth were Republic of the Congo (Most Favoured Nation duty rate treatement, 36.2k%), Algeria (Most Favoured Nation duty rate treatement, 36.2k%), Western Sahara (Most Favoured Nation duty rate treatement, 36.2k%), Gabon (Most Favoured Nation duty rate treatement, 36.2k%), and Libya (Most Favoured Nation duty rate treatement, 36.2k%).
April 2022
Overview In April 2022 Spain's Vermouth exports accounted up to €7.65M and imports accounted up to €2.33M, resulting in a positive trade balance of €5.32M. Between April 2021 and April 2022 the exports of Spain's Vermouth have decreased by €-357k (-4.45%) from €8M to €7.65M, while imports decreased by €-2.11M (-47.5%) from €4.44M to €2.33M.
Destinations In April 2022, Vermouth were exported mostly to United States (€1.17M), France (€1.13M), Belgium (€782k), Japan (€713k), and Canada (€447k), and were imported mostly from Italy (€2.17M), Germany (€46.5k), Netherlands (€35.2k), France (€34.3k), and Portugal (€20.9k).
Growth In April 2022, the decrease in Vermouth's year-by-year exports was explained primarily by a decrease in exports to Japan (€-311k or -48.2%), United Kingdom (€-155k or -80.6%), and Equatorial Guinea (€-94.4k or -98.5%). In April 2022, the decrease in Vermouth's year-by-year imports was explained primarily by a decrease in imports from Italy (€-2.15M or -52.9%).
EXPORT GROWTH (April 2021 - April 2022): €-357k, (-4.45%)
IMPORT GROWTH (April 2021 - April 2022): €-2.11M, (-47.5%)
MAIN EXPORTER (April 2022): Murcia, €1.79M
MAIN DESTINATION (April 2022): United States, €1.17M
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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EXPORTS (2020): $73.4M
IMPORTS (2020): $25.5M
NET TRADE (2020): $47.8M
In 2020, Spain exported $73.4M in Vermouth. The main destinations of Spain exports on Vermouth were United States ($21.2M), Japan ($6.96M), France ($4.3M), Belgium ($3.99M), and Portugal ($2.76M).
In 2020, Spain imported $25.5M in Vermouth, mainly from Italy ($22.8M), Portugal ($768k), Georgia ($372k), Germany ($323k), and France ($298k).
IN 2020, Spain HAD A POSITIVE NET TRADE IN Vermouth WITH:
In 2019, Spain's main exporting competitors in Vermouth were:
In 2019, Spain's main importing competitors in Vermouth were:
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