2022
Exports
$3.92kWorld Rnk 89 / 115
Flag Rnk 803 / 1077
2022
PRODUCT COMPLEXITY IN Vermouth
-0.6Rnk 729 / 1025
2022
Imports
$1.21MWorld Rnk 69 / 212
Flag Rnk 794 / 1182
2022
ECONOMIC COMPLEXITY of Nigeria
-1.67Rnk 127 / 133

About

Exports In 2022, Nigeria exported $3.92k in Vermouth, making it the 89th largest exporter of Vermouth in the world. At the same year, Vermouth was the 803rd most exported product in Nigeria. The main destination of Vermouth exports from Nigeria are: Belgium ($3.77k) and Benin ($158).

The fastest growing export markets for Vermouth of Nigeria between 2021 and 2022 were Belgium ($3.77k).

Imports In 2022, Nigeria imported $1.21M in Vermouth, becoming the 69th largest importer of Vermouth in the world. At the same year, Vermouth was the 794th most imported product in Nigeria. Nigeria imports Vermouth primarily from: France ($467k), Italy ($276k), Spain ($226k), United States ($145k), and Netherlands ($51k).

The fastest growing import markets in Vermouth for Nigeria between 2021 and 2022 were France ($232k), Spain ($63k), and United States ($57.4k).

Latest Trends

Sep 2024

Subnational Monthly Trade

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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 (2022)$3.92k
IMPORTS (2022)$1.21M
NET TRADE (2022)-$1.21M

In 2022, Nigeria exported $3.92k in Vermouth. The main destinations of Nigeria exports on Vermouth were Belgium ($3.77k) and Benin ($158).

In 2022, Nigeria imported $1.21M in Vermouth, mainly from France ($467k), Italy ($276k), Spain ($226k), United States ($145k), and Netherlands ($51k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vermouth EXPORT MARKETS FOR Nigeria WERE (2021 - 2022):Belgium$3.77k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vermouth BY Nigeria WERE (2021 - 2022):
Benin-$2.26k (-93.5%)
France-$329 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nigeria's main exporting competitors in Vermouth were:
Italy $250M
Spain $91.1M
In 2022, Nigeria'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 POTENTIALBelgium+ $2.19k
TOP IMPORT POTENTIALItaly+ $153k

Vermouth’s highest export potential is Belgium. With an export gap of $2.19k.   Vermouth’s highest import potential is Italy with an import gap of $153k.

See methodology.

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