2023
Exports
$14.6kWorld Rnk 75 / 117
Flag Rnk 676 / 1096
2023
PRODUCT COMPLEXITY IN Vermouth
-0.84Rnk 792 / 1025
2023
Imports
$1.57MWorld Rnk 54 / 210
Flag Rnk 750 / 1184
2023
ECONOMIC COMPLEXITY of Nigeria
-1.75Rnk 129 / 132

About

Exports In 2023, Nigeria exported $14.6k in Vermouth, making it the 75th largest exporter of Vermouth in the world. At the same year, Vermouth was the 676th most exported product in Nigeria. The main destination of Vermouth exports from Nigeria are: United States ($13.9k), Ghana ($357), Belgium ($228), and Niger ($60).

The fastest growing export markets for Vermouth of Nigeria between 2022 and 2023 were United States ($13.9k), Ghana ($316), and Niger ($60).

Imports In 2023, Nigeria imported $1.57M in Vermouth, becoming the 54th largest importer of Vermouth in the world. At the same year, Vermouth was the 750th most imported product in Nigeria. Nigeria imports Vermouth primarily from: Italy ($907k), United States ($252k), France ($240k), Spain ($123k), and Turkey ($15.2k).

The fastest growing import markets in Vermouth for Nigeria between 2022 and 2023 were Italy ($627k), United States ($107k), and Turkey ($15.2k).

Latest Trends

Dec 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 (2023)$14.6k
IMPORTS (2023)$1.57M
NET TRADE (2023)-$1.55M

In 2023, Nigeria exported $14.6k in Vermouth. The main destinations of Nigeria exports on Vermouth were United States ($13.9k), Ghana ($357), Belgium ($228), and Niger ($60).

In 2023, Nigeria imported $1.57M in Vermouth, mainly from Italy ($907k), United States ($252k), France ($240k), Spain ($123k), and Turkey ($15.2k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Vermouth EXPORT MARKETS FOR Nigeria WERE (2022 - 2023):
United States$13.9k (1%)
Ghana$316 (771%)
Niger$60 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vermouth BY Nigeria WERE (2022 - 2023):
Belgium-$3.78k (-94.3%)
Benin-$165 (-100%)
Cape Verde-$36 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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