U.S. Wine Exports Reach Record $1.6 Billion In 2015February 25, 2016
U.S. wine exports—90% of which hail from California—rose 7.6% by value last year to achieve a record high of $1.61 billion, according to the Wine Institute. Export volumes were also up, growing 4.1% to 51.2 million cases on the year prior. The European Union remained the largest export market for California wines, accounting for $622 million in revenue, followed by Canada ($461 million), Hong Kong ($97 million), Japan ($96 million) and China ($56 million). California wine exports have increased 91% by value over the past decade, driven by global premiumization trends.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.