HS Icon Vermouth and other flavoured grape wines - pack < 2l

220510 (Harmonized System 1992 for 6-digit)

World Trade (2018): $484M, Rnk 2823 / 4726

Top Exporter (2018): $213M, Italy

Top Importer (2018): $54.2M, United States

Export Growth (CAGR)(2017 - 2018): -3.58%, Rnk 4078 / 4726

Mean Tariff (2018): 26.6%, Rnk 175 / 6538

Share of World Trade (2018): 0.0026%, Rnk 2823 / 4726

Overview:  This page contains the latest trade data of Vermouth and other flavoured grape wines - pack < 2l. In 2018, Vermouth and other flavoured grape wines - pack < 2l were the world's 2823rd most traded product, with a total trade of $484M. Between 2017 and 2018 the exports of Vermouth and other flavoured grape wines - pack < 2l decreased by -3.58%, from  $502M to $484M. Trade in Vermouth and other flavoured grape wines - pack < 2l represent 0.0026% of total world trade.

Exports: In 2018 the top exporters of Vermouth and other flavoured grape wines - pack < 2l  were Italy ($213M), Spain ($72.6M), France ($54.6M), Germany ($50.7M), and United States ($28.2M).

Imports: In 2018 the top importers of Vermouth and other flavoured grape wines - pack < 2l were United States ($54.2M), France ($46.6M), Germany ($45.8M), Belgium-Luxembourg ($31.7M), and Spain ($29.2M).

Tariffs: In 2018 the average tariff for Vermouth and other flavoured grape wines - pack < 2l was 26.6%, been the 175 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Vermouth and other flavoured grape wines - pack < 2l are Egypt (2.63k%), Jordan (196%), Trinidad and Tobago (151%), India (150%), and Saudi Arabia (91.9%). The countries with the lowest tariffs are Liberia (0%), United Arab Emirates (0%), Hong Kong (0%), Japan (0%), and Kuwait (0%).

Exporters and Importers

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Trade By Country

Top Origin (2018): Italy, $213M

Top Destination (2018): United States, $54.2M

Vermouth and other flavoured grape wines - pack < 2l are the world's 2823rd most traded product.

In 2018, the top exporters of Vermouth and other flavoured grape wines - pack < 2l were Italy ($213M), Spain ($72.6M), France ($54.6M), Germany ($50.7M), and United States ($28.2M).

In 2018, the top importers of Vermouth and other flavoured grape wines - pack < 2l were United States ($54.2M), France ($46.6M), Germany ($45.8M), Belgium-Luxembourg ($31.7M), and Spain ($29.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Spain, $18.8M

Top Destination Growth (2017 - 2018): France, $9.4M

Between 2017 and 2018, the exports of Vermouth and other flavoured grape wines - pack < 2l grew the fastest in Spain ($18.8M), Germany ($8.97M), France ($7.93M), Belgium-Luxembourg ($6.77M), and United States ($3.69M).

Between 2017 and 2018, the fastest growing importers of Vermouth and other flavoured grape wines - pack < 2l were France ($9.4M), Poland ($6.98M), Germany ($6.97M), Netherlands ($4.94M), and China ($3.17M).

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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 and other flavoured grape wines - pack < 2l.

In 2018,  market concentration measured using Shannon Entropy, was 2.86. This means that most of the exports of Vermouth and other flavoured grape wines - pack < 2l are explained by 7 countries.

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TOP NET EXPORTER (2018): Italy, $210M

TOP NET IMPORTER (2018): Poland, $28M

This map shows which countries export or import more of Vermouth and other flavoured grape wines - pack < 2l. Each country is colored based on the difference in exports and imports of Vermouth and other flavoured grape wines - pack < 2l during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Vermouth and other flavoured grape wines - pack < 2l were Italy ($210M), Spain ($43.4M), France ($7.98M), Germany ($4.86M), and Chile ($4.48M).

In 2018, the countries that had a largest trade value in imports than in exports of Vermouth and other flavoured grape wines - pack < 2l were Poland ($28M), United States ($26M), Belgium-Luxembourg ($22.8M), Russia ($20.7M), and United Kingdom ($19M).

Trade Forecasts

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This section shows forecasts for total trade for Vermouth and other flavoured grape wines - pack < 2l. 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 and other flavoured grape wines - pack < 2l was 26.6%.  The countries with the highest tariffs for importing Vermouth and other flavoured grape wines - pack < 2l were Egypt (2.63k%), Jordan (196%), Trinidad and Tobago (151%), India (150%), and Saudi Arabia (91.9%).

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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.