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

220510 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Vermouth and other flavoured grape wines - pack < 2l. In 2019, Vermouth and other flavoured grape wines - pack < 2l were the world's 2717th most traded product, with a total trade of $515M. Between 2018 and 2019 the exports of Vermouth and other flavoured grape wines - pack < 2l grew by 2.92%, from $501M to $515M. Trade in Vermouth and other flavoured grape wines - pack < 2l represent 0.0028% of total world trade.

Exports In 2019 the top exporters of Vermouth and other flavoured grape wines - pack < 2l  were Italy ($227M), France ($64.6M), Spain ($60.9M), Germany ($45.9M), and United States ($24.9M).

Imports In 2019 the top importers of Vermouth and other flavoured grape wines - pack < 2l were United States ($66.6M), Germany ($47.1M), France ($38.5M), Spain ($32M), and Poland ($29.4M).

Tariffs In 2018 the average tariff for Vermouth and other flavoured grape wines - pack < 2l was 26.6%, making it the 175th 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%).

Ranking Vermouth and other flavoured grape wines - pack < 2l ranks 3309th in the Product Complexity Index (PCI).

Historical Data

#permalink to section

Exporters and Importers

#permalink to section

Trade By Country

Top Origin (2019): Italy, $227M

Top Destination (2019): United States, $66.6M

Vermouth and other flavoured grape wines - pack < 2l are the world's 2717th most traded product.

In 2019, the top exporters of Vermouth and other flavoured grape wines - pack < 2l were Italy ($227M), France ($64.6M), Spain ($60.9M), Germany ($45.9M), and United States ($24.9M).

In 2019, the top importers of Vermouth and other flavoured grape wines - pack < 2l were United States ($66.6M), Germany ($47.1M), France ($38.5M), Spain ($32M), and Poland ($29.4M).

Explore Visualizations

Market Dynamics

#permalink to section

Trade by country

Value

Top Origin Growth (2018 -  2019): Italy, $13.1M

Top Destination Growth (2018 - 2019): United States, $12M

Between 2018 and 2019, the exports of Vermouth and other flavoured grape wines - pack < 2l grew the fastest in Italy ($13.1M), France ($10.2M), Jamaica ($5.63M), Latvia ($4.87M), and United Kingdom ($1.62M).

Between 2018 and 2019, the fastest growing importers of Vermouth and other flavoured grape wines - pack < 2l were United States ($12M), Russia ($5.05M), Ukraine ($3.08M), Hong Kong ($2.79M), and Spain ($2.63M).

Explore Visualizations

Market Concentration

#permalink to section

Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Vermouth and other flavoured grape wines - pack < 2l.

In 2019,  market concentration measured using Shannon Entropy, was 2.98. This means that most of the exports of Vermouth and other flavoured grape wines - pack < 2l are explained by 7 countries.

Explore Visualizations

TOP NET EXPORTER (2019): Italy, $223M

TOP NET IMPORTER (2019): United States, $41.7M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Vermouth and other flavoured grape wines - pack < 2l were Italy ($223M), Spain ($28.9M), France ($26.1M), Jamaica ($17.6M), and Finland ($4.28M).

In 2019, the countries that had a largest trade value in imports than in exports of Vermouth and other flavoured grape wines - pack < 2l were United States ($41.7M), Poland ($28.9M), Russia ($25.7M), United Kingdom ($22.9M), and Netherlands ($14.4M).

Import Tariffs

#permalink to section

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%).

Product Complexity

#permalink to section

Diversification Frontier

#permalink to section
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.