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2022
Exports $239kWorld Rnk 45 / 115
Flag Rnk 1080 / 1204
2022
Destination $61k United Kingdom
2021 - 2022
FASTEST GROWING MARKET $61kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Vermouth-0.6Rnk 729 / 1025
2022
Imports $5.04MWorld Rnk 23 / 212
Flag Rnk 1014 / 1213
2022
Origin $478k United States
2021 - 2022
FASTEST GROWING ORIGIN $478kItaly
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $239k in Vermouth, making it the 45th largest exporter of Vermouth in the world. At the same year, Vermouth was the 1080th most exported product in South Korea. The main destination of Vermouth exports from South Korea are: United Kingdom ($163k), Cambodia ($26.3k), Thailand ($23.4k), United States ($16.7k), and Dominican Republic ($5.76k).

The fastest growing export markets for Vermouth of South Korea between 2021 and 2022 were United Kingdom ($61k), Cambodia ($25.1k), and Thailand ($23.4k).

Imports In 2022, South Korea imported $5.04M in Vermouth, becoming the 23rd largest importer of Vermouth in the world. At the same year, Vermouth was the 1014th most imported product in South Korea. South Korea imports Vermouth primarily from: United States ($1.78M), Spain ($1.74M), Italy ($826k), France ($299k), and Germany ($190k).

The fastest growing import markets in Vermouth for South Korea between 2021 and 2022 were Italy ($478k), Singapore ($137k), and United States ($120k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Vermouth exports accounted up to $0 and imports accounted up to $307k, resulting in a negative trade balance of $307k. Between July 2023 and July 2024 the exports of South Korea's   Vermouth have remained the same by $0 (N/A%) from $0 to $0, while imports increased by $181k (144%) from $126k to $307k.

Destinations In July 2024, Vermouth were exported mostly to Germany ($0), Spain ($0), France ($0), Italy ($0), and United States ($0), and were imported mostly from Spain ($162k), France ($73k), Italy ($46k), United States ($26k), and Germany ($0).

Growth In July 2024, the change in Vermouth's year-by-year exports was explained primarily by a decrease in exports to . In July 2024, the increase in Vermouth's year-by-year imports was explained primarily by an increase in imports from Spain ($53k or 52%).

Subnational Monthly Trade

Time Scale
Flow
Color
IMPORT GROWTH (July 2023 - July 2024)$181k(144%)
MAIN DESTINATION (July 2024)Germany$0

This section shows Vermouth's exports and imports data at subnational level for South Korea. 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)$239k
IMPORTS (2022)$5.04M
NET TRADE (2022)-$4.81M

In 2022, South Korea exported $239k in Vermouth. The main destinations of South Korea exports on Vermouth were United Kingdom ($163k), Cambodia ($26.3k), Thailand ($23.4k), United States ($16.7k), and Dominican Republic ($5.76k).

In 2022, South Korea imported $5.04M in Vermouth, mainly from United States ($1.78M), Spain ($1.74M), Italy ($826k), France ($299k), and Germany ($190k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vermouth EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
United Kingdom$61k (59.7%)
Cambodia$25.1k (2.03k%)
Thailand$23.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vermouth BY South Korea WERE (2021 - 2022):
Vietnam-$564 (-100%)
Czechia-$369 (-34.9%)
Germany-$29 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Vermouth were:
Italy $250M
France $126M
Spain $91.1M
In 2022, South Korea'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+ $24.9k
TOP IMPORT POTENTIALItaly+ $242k

Vermouth’s highest export potential is United States. With an export gap of $24.9k.   Vermouth’s highest import potential is Italy with an import gap of $242k.

See methodology.

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