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Vermouth and other wine of fresh grapes, flavoured with plants or aromatic substances

2205 (Harmonized System 1992 for 4-digit)

2023
World Trade $760MRnk 972 / 1217
2023
Top Exporter | Top Importer $301M | $102MItaly | Germany
2023
Product Complexity -0.66Rnk 761 / 1044
2022 - 2023
Export Growth (CAGR) 6.54%Rnk 217 / 1217
2023
Share of World Trade 0.0034%Rnk 972 / 1217

About

Overview This page contains the latest trade data of Vermouth. In 2023, Vermouth were the world's 972nd most traded product, with a total trade of $760M. Between 2022 and 2023 the exports of Vermouth grew by 6.54%, from $713M to $760M. Trade in Vermouth represent 0.0034% of total world trade.

Vermouth are a part of Beverages, spirits, & vinegar. They include Vermouth and other flavoured grape wines - pack < 2l and Vermouth and other flavoured grape wines - pack > 2l.

Exports In 2023 the top exporters of Vermouth  were Italy ($301M), France ($129M), Spain ($71.5M), Latvia ($66.8M), and Germany ($52.7M).

Imports In 2023 the top importers of Vermouth were Germany ($102M), Russia ($68.3M), United States ($66.2M), France ($48.7M), and Spain ($46.9M).

Ranking Vermouth ranks 761st in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Italy$301M
Top Destination (2023)Germany$102M

In 2023 Vermouth were the world's 972nd most traded product (out of 1,217).

In 2023, the top exporters of Vermouth were Italy ($301M), France ($129M), Spain ($71.5M), Latvia ($66.8M), and Germany ($52.7M).

In 2023, the top importers of Vermouth were Germany ($102M), Russia ($68.3M), United States ($66.2M), France ($48.7M), and Spain ($46.9M).

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Exporters of Vermouth (2023)
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Importers of Vermouth (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Italy$29.5M
Top Destination Growth (2022 -  2023)Latvia$19.3M

Between 2022 and 2023, the exports of Vermouth grew the fastest in Italy ($29.5M), Latvia ($14.4M), France ($7.2M), Germany ($6.01M), and Jamaica ($4.22M).

Between 2022 and 2023, the fastest growing importers of Vermouth were Latvia ($19.3M), Germany ($14.5M), Russia ($9.68M), Ukraine ($3.78M), and Belgium ($3.36M).

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Exporters of Vermouth (2022 - 2023)

Importers of Vermouth (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Vermouth.

In 2023, market concentration measured using Shannon Entropy, was 3.11. This means that most of the exports of Vermouth are explained by 8 countries.

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Value of Exports in Vermouth

Net Trade

TOP NET EXPORTER (2023)Italy$296M
TOP NET IMPORTER (2023)Russia$68.3M

This map shows which countries export or import more of Vermouth. Each country is colored based on the difference in exports and imports of Vermouth during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Vermouth were Italy ($296M), France ($80.5M), Spain ($24.6M), Latvia ($21.5M), and Jamaica ($16.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Vermouth were Russia ($68.3M), Germany ($48.9M), United States ($43M), Poland ($35.1M), and United Kingdom ($35M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Vermouth, disaggragated by their HS6 level were Vermouth and other flavoured grape wines... ($712M) and Vermouth and other flavoured grape wines... ($47.9M)

HS6 Disaggregation for Vermouth (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Vermouth.
It is possible to select the main countries that export or import Vermouth in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Vermouth by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALBelgium+ $1.63M
TOP IMPORT POTENTIALGermany+ $1.1M

Vermouth’s highest export potential is Belgium. With an export gap of $1.63M.  Vermouth’s highest import potential is Germany with an import gap of $1.1M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

Country by Relatedness

The following visualization shows the relatedness of Vermouth to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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