2023
Exports
$301MWorld Rnk 1 / 117
Flag Rnk 320 / 1216
2023
PRODUCT COMPLEXITY IN Vermouth
-0.84Rnk 792 / 1025
2023
Imports
$4.85MWorld Rnk 27 / 210
Flag Rnk 1097 / 1213
2023
ECONOMIC COMPLEXITY of Italy
1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $301M in Vermouth, making it the 1st largest exporter of Vermouth in the world. At the same year, Vermouth was the 320th most exported product in Italy. The main destination of Vermouth exports from Italy are: Latvia ($43.9M), Spain ($42.3M), United States ($36.5M), France ($31.7M), and Germany ($17.4M).

The fastest growing export markets for Vermouth of Italy between 2022 and 2023 were Latvia ($19.4M), Germany ($3.95M), and Canada ($3.38M).

Imports In 2023, Italy imported $4.85M in Vermouth, becoming the 27th largest importer of Vermouth in the world. At the same year, Vermouth was the 1097th most imported product in Italy. Italy imports Vermouth primarily from: France ($1.5M), Spain ($876k), Portugal ($834k), Germany ($670k), and Netherlands ($484k).

The fastest growing import markets in Vermouth for Italy between 2022 and 2023 were France ($181k), Germany ($143k), and Czechia ($84.1k).

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

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-1.88M(-6.8%)
IMPORT GROWTH (October 2023 - October 2024)€76.8k(14.2%)
MAIN DESTINATION (October 2024)Latvia€4.3M

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 (2023)$301M
IMPORTS (2023)$4.85M
NET TRADE (2023)$296M

In 2023, Italy exported $301M in Vermouth. The main destinations of Italy exports on Vermouth were Latvia ($43.9M), Spain ($42.3M), United States ($36.5M), France ($31.7M), and Germany ($17.4M).

In 2023, Italy imported $4.85M in Vermouth, mainly from France ($1.5M), Spain ($876k), Portugal ($834k), Germany ($670k), and Netherlands ($484k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Vermouth EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Latvia$19.4M (78.8%)
Germany$3.95M (29.3%)
Canada$3.38M (77.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vermouth BY Italy WERE (2022 - 2023):
Spain-$9.2M (-17.9%)
Russia-$3.72M (-78.1%)
United Arab Emirates-$1.31M (-66%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Vermouth were:
Spain $71.5M
In 2023, Italy's main importing competitors in Vermouth were:

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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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