French Wine Imports Up By Double-Digits Year-To-DateNovember 30, 2018
French still wine exports to the U.S. advanced by an impressive 12% to €836.6 million ($943m) through the first nine months of this year, according to Business France, a French government agency. Export volumes registered a solid 5.6% gain to 11.8 million 9-liter cases year-to-date.
The growth in French still wine shipments to the U.S. is being led by Bordeaux, which surged 25% to €210.2 million ($237m) through the nine months, but the fastest-growing appellation by volume was Provence, up 17% to 1.9 million cases on an 18% value increase to €118 million ($133m).
In recent weeks, President Trump took aim at European Union tariffs on U.S. wines, pointing out that French wines coming into the U.S. are taxed at $0.05-$0.14 a 750-ml., while U.S. wines entering Europe are levied at between $0.11 and $0.29 depending on the alcohol level.—Juan BanaagSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.