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2023
Exports $7.06MWorld Rnk 12 / 117
Flag Rnk 584 / 1214
2023
Destination $871k Namibia
2022 - 2023
FASTEST GROWING MARKET $871kNamibia
2023
PRODUCT COMPLEXITY IN Vermouth-0.84Rnk 792 / 1025
2023
Imports $433kWorld Rnk 99 / 210
Flag Rnk 1065 / 1211
2023
Origin $46.7k Italy
2022 - 2023
FASTEST GROWING ORIGIN $46.7kUnited States
2023
ECONOMIC COMPLEXITY of South Africa0.07Rnk 59 / 132

About

Exports In 2023, South Africa exported $7.06M in Vermouth, making it the 12th largest exporter of Vermouth in the world. At the same year, Vermouth was the 584th most exported product in South Africa. The main destination of Vermouth exports from South Africa are: Namibia ($6.57M), Thailand ($125k), Eswatini ($106k), Czechia ($43.9k), and China ($40.1k).

The fastest growing export markets for Vermouth of South Africa between 2022 and 2023 were Namibia ($871k), Thailand ($44.9k), and China ($39.8k).

Imports In 2023, South Africa imported $433k in Vermouth, becoming the 99th largest importer of Vermouth in the world. At the same year, Vermouth was the 1065th most imported product in South Africa. South Africa imports Vermouth primarily from: Italy ($282k), France ($64.4k), United States ($48.6k), Spain ($31.5k), and Georgia ($3.66k).

The fastest growing import markets in Vermouth for South Africa between 2022 and 2023 were United States ($46.7k), Georgia ($3.66k), and Spain ($2.95k).

Latest Trends

November 2024

About

Overview In November 2024 South Africa's Vermouth exports accounted up to ZAR16.4M and imports accounted up to ZAR604k, resulting in a positive trade balance of ZAR15.8M. Between November 2023 and November 2024 the exports of South Africa's   Vermouth have decreased by ZAR-8.32M (-33.7%) from ZAR24.7M to ZAR16.4M, while imports increased by ZAR472k (357%) from ZAR132k to ZAR604k.

Destinations In November 2024, Vermouth were exported mostly to Namibia (ZAR14.9M), Lesotho (ZAR1.18M), Japan (ZAR76.9k), United States (ZAR51.2k), and Australia (ZAR47k), and were imported mostly from Italy (ZAR571k), South Korea (ZAR26.4k), Germany (ZAR5.68k), and United States (ZAR1.76k).

Growth In November 2024, the decrease in Vermouth's year-by-year exports was explained primarily by a decrease in exports to Namibia (ZAR-4.52M or -74.7%), United States (ZAR-126k or -84.3%), and Lesotho (ZAR-4.04k or -46.1%). In November 2024, the increase in Vermouth's year-by-year imports was explained primarily by an increase in imports from Spain (ZAR198k or 612%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)ZAR-8.32M(-33.7%)
IMPORT GROWTH (November 2023 - November 2024)ZAR472k(357%)
MAIN EXPORTER (November 2024)SkilpadsnekZAR32.9M
MAIN DESTINATION (November 2024)NamibiaZAR14.9M

This section shows Vermouth's exports and imports data at subnational level for South Africa. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Vermouth over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$7.06M
IMPORTS (2023)$433k
NET TRADE (2023)$6.63M

In 2023, South Africa exported $7.06M in Vermouth. The main destinations of South Africa exports on Vermouth were Namibia ($6.57M), Thailand ($125k), Eswatini ($106k), Czechia ($43.9k), and China ($40.1k).

In 2023, South Africa imported $433k in Vermouth, mainly from Italy ($282k), France ($64.4k), United States ($48.6k), Spain ($31.5k), and Georgia ($3.66k).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Vermouth EXPORT MARKETS FOR South Africa WERE (2022 - 2023):
Namibia$871k (15.3%)
Thailand$44.9k (56.2%)
China$39.8k (16.6k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vermouth BY South Africa WERE (2022 - 2023):
Tanzania-$68k (-99.9%)
Rwanda-$57.9k (-100%)
Sri Lanka-$32.5k (-100%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2023, South Africa's main exporting competitors in Vermouth were:
Italy $301M
France $129M
Spain $71.5M
In 2023, South Africa's main importing competitors in Vermouth were:
Germany $102M
Russia $68.3M
United States $66.2M

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Trade Value of Vermouth by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $113k
TOP IMPORT POTENTIALFrance+ $56.9k

Vermouth’s highest export potential is United States. With an export gap of $113k.   Vermouth’s highest import potential is France with an import gap of $56.9k.

See methodology.

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