HS Icon Vermouth

2205 (Harmonized System 1992 for 4-digit)

World Trade (2018): $541M, Rnk 1023 / 1225

Top Exporter (2018): $221M, Italy

Top Importer (2018): $57.7M, United States

Product Complexity (2018): -0.39, Rnk 662 / 1018

Export Growth (CAGR)(2017 - 2018): -1.96%, Rnk 1119 / 1225

Mean Tariff (2018): 30.4%, Rnk 24 / 1259

Share of World Trade (2018): 0.0029%, Rnk 1023 / 1225

Overview:  This page contains the latest trade data of Vermouth. In 2018, Vermouth were the world's 1023rd most traded product, with a total trade of $541M. Between 2017 and 2018 the exports of Vermouth decreased by -1.96%, from  $552M to $541M. Trade in Vermouth represent 0.0029% of total world trade.

Exports: In 2018 the top exporters of Vermouth  were Italy ($221M), Spain ($87.4M), France ($63.7M), Germany ($53.5M), and United States ($41.5M).

Imports: In 2018 the top importers of Vermouth were United States ($57.7M), Germany ($49.9M), France ($49.2M), United Kingdom ($34.1M), and Poland ($34.1M).

Tariffs: In 2018 the average tariff for Vermouth was 30.4%, been the 24 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Vermouth are Egypt (2.63k%), Trinidad and Tobago (227%), Jordan (196%), Cyprus (169%), and India (150%). The countries with the lowest tariffs are Liberia (0%), United Arab Emirates (0%), Hong Kong (0%), Kuwait (0%), and Laos (0%).

Ranking: Vermouth ranks 662nd in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Italy, $221M

Top Destination (2018): United States, $57.7M

Vermouth are the world's 1023rd most traded product.

In 2018, the top exporters of Vermouth were Italy ($221M), Spain ($87.4M), France ($63.7M), Germany ($53.5M), and United States ($41.5M).

In 2018, the top importers of Vermouth were United States ($57.7M), Germany ($49.9M), France ($49.2M), United Kingdom ($34.1M), and Poland ($34.1M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Spain, $20.9M

Top Destination Growth (2017 - 2018): Poland, $11M

Between 2017 and 2018, the exports of Vermouth grew the fastest in Spain ($20.9M), Germany ($10.1M), France ($9.03M), Belgium-Luxembourg ($6.07M), and United States ($5.81M).

Between 2017 and 2018, the fastest growing importers of Vermouth were Poland ($11M), France ($10.3M), Germany ($8.28M), Netherlands ($5.2M), and United Kingdom ($4.38M).

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Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 2.95. This means that most of the exports of Vermouth are explained by 7 countries.

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TOP NET EXPORTER (2018): Italy, $217M

TOP NET IMPORTER (2018): Poland, $33.2M

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Vermouth were Italy ($217M), Spain ($58.1M), France ($14.5M), Australia ($4.61M), and Chile ($4.41M).

In 2018, the countries that had a largest trade value in imports than in exports of Vermouth were Poland ($33.2M), United Kingdom ($32.7M), Belgium-Luxembourg ($25M), Russia ($20.7M), and United States ($16.2M).

Trade Forecasts

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This section shows forecasts for total trade for Vermouth. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Vermouth was 30.4%.  The countries with the highest tariffs for importing Vermouth were Egypt (2.63k%), Trinidad and Tobago (227%), Jordan (196%), Cyprus (169%), and India (150%).

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Product Complexity

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Diversification Frontier

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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.