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2022
Exports $250MWorld Rnk 1 / 115
Flag Rnk 374 / 1217
2022
Destination $18.9M United States
2021 - 2022
FASTEST GROWING MARKET $18.9MSpain
2022
PRODUCT COMPLEXITY IN Vermouth-0.6Rnk 729 / 1025
2022
Imports $5.32MWorld Rnk 21 / 212
Flag Rnk 1098 / 1215
2022
Origin $921k France
2021 - 2022
FASTEST GROWING ORIGIN $921kFrance
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $250M in Vermouth, making it the 1st largest exporter of Vermouth in the world. At the same year, Vermouth was the 374th most exported product in Italy. The main destination of Vermouth exports from Italy are: United States ($33.8M), France ($29.7M), Spain ($28M), Latvia ($25.8M), and Germany ($16.5M).

The fastest growing export markets for Vermouth of Italy between 2021 and 2022 were Spain ($18.9M), Latvia ($18.3M), and Portugal ($5.11M).

Imports In 2022, Italy imported $5.32M in Vermouth, becoming the 21st largest importer of Vermouth in the world. At the same year, Vermouth was the 1098th most imported product in Italy. Italy imports Vermouth primarily from: France ($1.24M), Spain ($1.22M), Portugal ($770k), Netherlands ($671k), and Germany ($654k).

The fastest growing import markets in Vermouth for Italy between 2021 and 2022 were France ($921k), Netherlands ($443k), and Spain ($221k).

COMPANIES In 2023, leading companies such as Palm Bay International (16) and Intercontinental Packaging (1) were at the forefront of shipping Vermouth from Italy to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Italy's Vermouth exports accounted up to €33M and imports accounted up to €558k, resulting in a positive trade balance of €32.4M. Between July 2023 and July 2024 the exports of Italy's   Vermouth have increased by €9.16M (38.4%) from €23.8M to €33M, while imports increased by €359k (180%) from €199k to €558k.

Destinations In July 2024, Vermouth were exported mostly to Germany (€7.17M), United States (€4.61M), Latvia (€3.21M), France (€2.89M), and Spain (€2.89M), and were imported mostly from Spain (€395k), Belgium (€103k), France (€32.5k), Germany (€17.1k), and Netherlands (€9.12k).

Growth In July 2024, the increase in Vermouth's year-by-year exports was explained primarily by an increase in exports to Latvia (€1.52M or 571%), United States (€1.17M or 77.5%), and France (€626k or 41.1%). In July 2024, the increase in Vermouth's year-by-year imports was explained primarily by an increase in imports from Germany (€17.3k or 57.7%), France (€17k or 104%), and Austria (€3.86k or 1.9k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€9.16M(38.4%)
IMPORT GROWTH (July 2023 - July 2024)€359k(180%)
MAIN DESTINATION (July 2024)Germany€7.17M

This section shows Vermouth's exports and imports data at subnational level for Italy. 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)$250M
IMPORTS (2022)$5.32M
NET TRADE (2022)$245M

In 2022, Italy exported $250M in Vermouth. The main destinations of Italy exports on Vermouth were United States ($33.8M), France ($29.7M), Spain ($28M), Latvia ($25.8M), and Germany ($16.5M).

In 2022, Italy imported $5.32M in Vermouth, mainly from France ($1.24M), Spain ($1.22M), Portugal ($770k), Netherlands ($671k), and Germany ($654k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vermouth EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Spain$18.9M (208%)
Latvia$18.3M (246%)
Portugal$5.11M (212%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vermouth BY Italy WERE (2021 - 2022):
Germany-$35.4M (-68.2%)
Russia-$17.1M (-78.2%)
Ukraine-$6.81M (-62%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Vermouth were:
France $126M
Spain $91.1M
In 2022, Italy'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 POTENTIALRussia+ $1.71M
TOP IMPORT POTENTIALFrance+ $678k

Vermouth’s highest export potential is Russia. With an export gap of $1.71M.   Vermouth’s highest import potential is France with an import gap of $678k.

See methodology.

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