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Exports In 2022, Latvia exported $52.6M in Vermouth, making it the 4th largest exporter of Vermouth in the world. At the same year, Vermouth was the 75th most exported product in Latvia. The main destination of Vermouth exports from Latvia are: Russia ($52.2M), Georgia ($137k), Estonia ($89.5k), Lithuania ($27.1k), and Kazakhstan ($26.3k).

The fastest growing export markets for Vermouth of Latvia between 2021 and 2022 were Russia ($45.1M), Estonia ($55.5k), and Georgia ($14.5k).

Imports In 2022, Latvia imported $27.3M in Vermouth, becoming the 9th largest importer of Vermouth in the world. At the same year, Vermouth was the 202nd most imported product in Latvia. Latvia imports Vermouth primarily from: Italy ($25.8M), Germany ($710k), France ($218k), Lithuania ($200k), and Spain ($124k).

The fastest growing import markets in Vermouth for Latvia between 2021 and 2022 were Italy ($18.3M), Germany ($303k), and Armenia ($56.5k).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Vermouth. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$52.6M
IMPORTS (2022)$27.3M
NET TRADE (2022)$25.3M

In 2022, Latvia exported $52.6M in Vermouth. The main destinations of Latvia exports on Vermouth were Russia ($52.2M), Georgia ($137k), Estonia ($89.5k), Lithuania ($27.1k), and Kazakhstan ($26.3k).

In 2022, Latvia imported $27.3M in Vermouth, mainly from Italy ($25.8M), Germany ($710k), France ($218k), Lithuania ($200k), and Spain ($124k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vermouth EXPORT MARKETS FOR Latvia WERE (2021 - 2022):
Russia$45.1M (639%)
Estonia$55.5k (163%)
Georgia$14.5k (11.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vermouth BY Latvia WERE (2021 - 2022):
Ukraine-$120k (-82.1%)
Belarus-$42k (-92.4%)
Lithuania-$24.4k (-47.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Latvia's main exporting competitors in Vermouth were:
Italy $250M
Spain $91.1M
In 2022, Latvia's main importing competitors in Vermouth were:

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Trade Value of Vermouth by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALLithuania+ $45.6k
TOP IMPORT POTENTIALFrance+ $139k

Vermouth’s highest export potential is Lithuania. With an export gap of $45.6k.   Vermouth’s highest import potential is France with an import gap of $139k.

See methodology.

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