2022
Exports
$175kWorld Rnk 48 / 115
Flag Rnk 1059 / 1200
2022
PRODUCT COMPLEXITY IN Vermouth
-0.6Rnk 729 / 1025
2022
Imports
$58.6MWorld Rnk 3 / 212
Flag Rnk 466 / 1201
2022
ECONOMIC COMPLEXITY of Russia
0.43Rnk 47 / 133

About

Exports In 2022, Russia exported $175k in Vermouth, making it the 48th largest exporter of Vermouth in the world. At the same year, Vermouth was the 1059th most exported product in Russia. The main destination of Vermouth exports from Russia are: Kazakhstan ($104k), Italy ($53.5k), China ($16.9k), Mongolia ($703), and United Arab Emirates ($273).

The fastest growing export markets for Vermouth of Russia between 2021 and 2022 were Italy ($53.5k), China ($14.8k), and Mongolia ($703).

Imports In 2022, Russia imported $58.6M in Vermouth, becoming the 3rd largest importer of Vermouth in the world. At the same year, Vermouth was the 466th most imported product in Russia. Russia imports Vermouth primarily from: Latvia ($52.2M), Italy ($4.77M), Spain ($559k), Lithuania ($520k), and Serbia ($246k).

The fastest growing import markets in Vermouth for Russia between 2021 and 2022 were Latvia ($45.1M), Lithuania ($271k), and Spain ($199k).

Latest Trends

Oct 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)$175k
IMPORTS (2022)$58.6M
NET TRADE (2022)-$58.5M

In 2022, Russia exported $175k in Vermouth. The main destinations of Russia exports on Vermouth were Kazakhstan ($104k), Italy ($53.5k), China ($16.9k), Mongolia ($703), and United Arab Emirates ($273).

In 2022, Russia imported $58.6M in Vermouth, mainly from Latvia ($52.2M), Italy ($4.77M), Spain ($559k), Lithuania ($520k), and Serbia ($246k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vermouth EXPORT MARKETS FOR Russia WERE (2021 - 2022):
Italy$53.5k (1%)
China$14.8k (715%)
Mongolia$703 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vermouth BY Russia WERE (2021 - 2022):
Ukraine-$79.5k (-100%)
Kazakhstan-$44.7k (-30.1%)
Latvia-$10.7k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Russia's main exporting competitors in Vermouth were:
Italy $250M
Spain $91.1M
In 2022, Russia'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 POTENTIALChina+ $19.4k
TOP IMPORT POTENTIALItaly+ $1.71M

Vermouth’s highest export potential is China. With an export gap of $19.4k.   Vermouth’s highest import potential is Italy with an import gap of $1.71M.

See methodology.

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