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US wine exports increase 16.4% to $1.55bn in 2013

Zoom in font  Zoom out font Published: 2014-02-28  Views: 46
Core Tip: Wine exports from the US, mainly from California, reached record high revenue of $1.55bn in 2013, an increase of 16.4% from the previous year, according to the Wine Institute.
Wine exports from theCalifornia vintages US, mainly from California, reached record high revenue of $1.55bn in 2013, an increase of 16.4% from the previous year, according to the Wine Institute.

The San Francisco-based trade group said that the increase was the fourth consecutive year for foreign sales when ranked by value.

In terms of volume, US wine exports witnessed a 7.5% growth to 48.4 million cases.

Wine Institute president and CEO Robert Koch said: "Consumers across the globe continue to recognize the quality, diversity and value of California wines, despite significant trade barriers and heavily subsidized foreign competitors.

"While the U.S. remains our largest, most important market, California exports a fifth of its wine, and we are on track to reach our goal of $2 billion in exports by 2020," Koch added.

"Our outstanding 2012 and 2013 California vintages, heralded for quality as well as quantity, were a record high so we have the ability to expand."

The European Union has emerged as the top export market for US wines with 31% growth over the previous year, followed by Mexico (21%), South Korea (16%), Canada and China (12% each), Japan (-7%) and Hong Kong (-12%).


 
 
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