2022
Exports
$210kWorld Rnk 47 / 115
Flag Rnk 441 / 945
2022
PRODUCT COMPLEXITY IN Vermouth
-0.6Rnk 729 / 1025
2022
Imports
$291kWorld Rnk 118 / 212
Flag Rnk 773 / 1142
2022
ECONOMIC COMPLEXITY of Armenia
0.00081Rnk 66 / 133

About

Exports In 2022, Armenia exported $210k in Vermouth, making it the 47th largest exporter of Vermouth in the world. At the same year, Vermouth was the 441st most exported product in Armenia. The main destination of Vermouth exports from Armenia are: United States ($143k), Latvia ($56.5k), Israel ($5.74k), Canada ($2.73k), and Cyprus ($1.38k).

The fastest growing export markets for Vermouth of Armenia between 2021 and 2022 were Latvia ($56.5k) and Cyprus ($1.38k).

Imports In 2022, Armenia imported $291k in Vermouth, becoming the 118th largest importer of Vermouth in the world. At the same year, Vermouth was the 773rd most imported product in Armenia. Armenia imports Vermouth primarily from: Georgia ($206k), Italy ($51.5k), Spain ($8.06k), Belgium ($7.39k), and Germany ($6.13k).

The fastest growing import markets in Vermouth for Armenia between 2021 and 2022 were Italy ($44.8k), Georgia ($23.3k), and Germany ($6.13k).

Latest Trends

Mar 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)$210k
IMPORTS (2022)$291k
NET TRADE (2022)-$81k

In 2022, Armenia exported $210k in Vermouth. The main destinations of Armenia exports on Vermouth were United States ($143k), Latvia ($56.5k), Israel ($5.74k), Canada ($2.73k), and Cyprus ($1.38k).

In 2022, Armenia imported $291k in Vermouth, mainly from Georgia ($206k), Italy ($51.5k), Spain ($8.06k), Belgium ($7.39k), and Germany ($6.13k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vermouth EXPORT MARKETS FOR Armenia WERE (2021 - 2022):
Latvia$56.5k (1%)
Cyprus$1.38k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vermouth BY Armenia WERE (2021 - 2022):
Russia-$140k (-100%)
Moldova-$49.3k (-100%)
Israel-$4.93k (-46.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Armenia's main exporting competitors in Vermouth were:
Italy $250M
Spain $91.1M
In 2022, Armenia's main importing competitors in Vermouth were:

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Trade Value of Vermouth by Exporters

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