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2022
Exports $1.26MWorld Rnk 25 / 115
Flag Rnk 1098 / 1216
2022
Destination $176k Guyana
2021 - 2022
FASTEST GROWING MARKET $176kBahamas
2022
PRODUCT COMPLEXITY IN Vermouth-0.6Rnk 729 / 1025
2022
Imports $48.2MWorld Rnk 5 / 212
Flag Rnk 753 / 1214
2022
Origin $7.64M Jamaica
2021 - 2022
FASTEST GROWING ORIGIN $7.64MJamaica
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $1.26M in Vermouth, making it the 25th largest exporter of Vermouth in the world. At the same year, Vermouth was the 1098th most exported product in United Kingdom. The main destination of Vermouth exports from United Kingdom are: Guyana ($186k), Bahamas ($176k), United States ($172k), Barbados ($123k), and Japan ($76.1k).

The fastest growing export markets for Vermouth of United Kingdom between 2021 and 2022 were Bahamas ($176k), Barbados ($110k), and Guyana ($105k).

Imports In 2022, United Kingdom imported $48.2M in Vermouth, becoming the 5th largest importer of Vermouth in the world. At the same year, Vermouth was the 753rd most imported product in United Kingdom. United Kingdom imports Vermouth primarily from: Jamaica ($22.6M), France ($8.73M), Italy ($7.47M), United States ($2.54M), and Spain ($2.47M).

The fastest growing import markets in Vermouth for United Kingdom between 2021 and 2022 were Jamaica ($7.64M), United States ($2.01M), and Argentina ($945k).

Latest Trends

October 2024

About

Overview In October 2024 United Kingdom's Vermouth exports accounted up to £21.6k and imports accounted up to £3.66M, resulting in a negative trade balance of £3.64M. Between September 2023 and October 2024 the exports of United Kingdom's   Vermouth have decreased by £-3.64k (-14.4%) from £25.3k to £21.6k, while imports increased by £875k (31.4%) from £2.79M to £3.66M.

Destinations In October 2024, Vermouth were exported mostly to Netherlands (£9.86k), Hong Kong (£7.51k), Czechia (£2.83k), Switzerland (£1.17k), and Ireland (£258), and were imported mostly from France (£1.14M), Italy (£1.11M), Germany (£579k), Spain (£274k), and Belgium (£182k).

Growth In October 2024, the decrease in Vermouth's year-by-year exports was explained primarily by a decrease in exports to Ireland (£-795 or -40.7%). In October 2024, the increase in Vermouth's year-by-year imports was explained primarily by an increase in imports from Belgium (£109k or 2.54k%), Spain (£79k or 54.3%), and Jamaica (£7.45k or 189%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - October 2024)£-3.64k(-14.4%)
IMPORT GROWTH (October 2023 - October 2024)£875k(31.4%)
MAIN EXPORTER (October 2024)Dover Eurotunnel£90.8k
MAIN DESTINATION (October 2024)Netherlands£9.86k

This section shows Vermouth's exports and imports data at subnational level for United Kingdom. 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)$1.26M
IMPORTS (2022)$48.2M
NET TRADE (2022)-$47M

In 2022, United Kingdom exported $1.26M in Vermouth. The main destinations of United Kingdom exports on Vermouth were Guyana ($186k), Bahamas ($176k), United States ($172k), Barbados ($123k), and Japan ($76.1k).

In 2022, United Kingdom imported $48.2M in Vermouth, mainly from Jamaica ($22.6M), France ($8.73M), Italy ($7.47M), United States ($2.54M), and Spain ($2.47M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vermouth EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Bahamas$176k (1%)
Barbados$110k (868%)
Guyana$105k (131%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vermouth BY United Kingdom WERE (2021 - 2022):
United States-$1.1M (-86.5%)
Finland-$111k (-100%)
Norway-$101k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Vermouth were:
Italy $250M
France $126M
Spain $91.1M
In 2022, United Kingdom'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 POTENTIALUnited States+ $64.3k
TOP IMPORT POTENTIALSpain+ $644k

Vermouth’s highest export potential is United States. With an export gap of $64.3k.   Vermouth’s highest import potential is Spain with an import gap of $644k.

See methodology.

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