U.S. Wine Exports Near $1.5 Billion In 2022March 24, 2023
U.S. wine exports grew 0.4% last year to $1.46 billion, despite “a challenging market environment coupled with a strong dollar,” according to The Wine Institute. The trade group noted solid growth in markets like Japan, South Korea, and Mexico, which rose 28%, 18% and 25%, respectively, while the European Union saw growth of 8%.
Overall, “consumers are increasingly focused on higher value wines, and California wines have seen growth in both value and volume in key export markets,” The Wine Institute said. Total U.S. exports to the 27 E.U. member states rose by $16 million, including strong growth in Sweden and Denmark, offsetting declines in other regions such as the U.K. and Canada.
“California wines continue to perform around the world, and we are especially encouraged by recent growth in Southeast Asia, Mexico, and the E.U.,” said Bobby Koch, Wine Institute president and CEO. “With the hard work of large and small wine producers we continue to penetrate global markets even as we face challenges from a strong U.S. dollar and retaliatory tariffs.”—Daniel MarstellerSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.
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