In 2020, Italy Ranked First For U.S. Wine Imports, 53rd For Exports Behind Togo, Latvia … – News 24-7 Live News 24-7 Live
In 2020, Italy Ranked First For U.S. Wine Imports, 53rd For Exports Behind Togo, Latvia …

In 2020, Italy Ranked First For U.S. Wine Imports, 53rd For Exports Behind Togo, Latvia …

For the first time since 2016, Italy was the No. 1 importer of wine into the United States in 2020, accounting for 27% of the total.

Here are a few of the 52 countries that bought more in U.S. wine exports than Italy last year, according to U.S. Census Bureau data:

  • Togo
  • Oman
  • Cambodia
  • Iceland
  • United Arab Emirates
  • Vietnam
  • Barbados
  • Guatemala
  • Latvia
  • Nigeria

In 2020, the United States exchanged wine — one way or the other or both — with 151 nations. It exported wine to 136 nations. It imported wine from 74 nations.

In fact, for the four years prior to 2020, U.S. wine exports and imports topped $7 billion, the four best years on record. The 2020 total of $6.93 billion is the fifth highest on record.

But the gains were driven largely by U.S. imports, an American desire for the wines of Italy, France, New Zealand, Austalia, Spain, Argentina, Chile, Portugal, Germany and South Africa, the top 10, respectively.

Although the list of countries to which the United States exports was almost twice as long as the import list, the value of wine imports was more than more than four times greater.

Total wine exports in 2020: $5.62 billion. Total wine exports? $1.31 billion.

News source: forbes

Leave a Reply

Your email address will not be published. Required fields are marked *

Report News
Google