2023
Exports
$1.21MWorld Rnk 23 / 117
Flag Rnk 257 / 991
2023
PRODUCT COMPLEXITY IN Vermouth
-0.84Rnk 792 / 1025
2023
Imports
$1.31MWorld Rnk 59 / 210
Flag Rnk 593 / 1155
2023
ECONOMIC COMPLEXITY of Georgia
0.13Rnk 55 / 132

About

Exports In 2023, Georgia exported $1.21M in Vermouth, making it the 23rd largest exporter of Vermouth in the world. At the same year, Vermouth was the 257th most exported product in Georgia. The main destination of Vermouth exports from Georgia are: Spain ($693k), Armenia ($195k), Singapore ($148k), Azerbaijan ($85.4k), and Japan ($45.9k).

The fastest growing export markets for Vermouth of Georgia between 2022 and 2023 were Spain ($272k), Japan ($45.9k), and United Arab Emirates ($25.9k).

Imports In 2023, Georgia imported $1.31M in Vermouth, becoming the 59th largest importer of Vermouth in the world. At the same year, Vermouth was the 593rd most imported product in Georgia. Georgia imports Vermouth primarily from: Italy ($1.16M), Armenia ($48k), Netherlands ($22.5k), Latvia ($19.9k), and Spain ($16.6k).

The fastest growing import markets in Vermouth for Georgia between 2022 and 2023 were Italy ($49.9k), Armenia ($48k), and Netherlands ($20.4k).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 (2023)$1.21M
IMPORTS (2023)$1.31M
NET TRADE (2023)-$99.3k

In 2023, Georgia exported $1.21M in Vermouth. The main destinations of Georgia exports on Vermouth were Spain ($693k), Armenia ($195k), Singapore ($148k), Azerbaijan ($85.4k), and Japan ($45.9k).

In 2023, Georgia imported $1.31M in Vermouth, mainly from Italy ($1.16M), Armenia ($48k), Netherlands ($22.5k), Latvia ($19.9k), and Spain ($16.6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Vermouth EXPORT MARKETS FOR Georgia WERE (2022 - 2023):
Spain$272k (64.7%)
Japan$45.9k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vermouth BY Georgia WERE (2022 - 2023):
Greece-$201k (-100%)
Netherlands-$129k (-100%)
Israel-$50k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Georgia's main exporting competitors in Vermouth were:
Italy $301M
Spain $71.5M
In 2023, Georgia's main importing competitors in Vermouth were:

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Trade Value of Vermouth by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALAustria+ $5.49k
TOP IMPORT POTENTIALGermany+ $23.4k

Vermouth’s highest export potential is Austria. With an export gap of $5.49k.   Vermouth’s highest import potential is Germany with an import gap of $23.4k.

See methodology.

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