U.S. Wine Exports Set Another Record in CY 1997
U.S. wine exports (including cider, fermented beverages, and must) reached a record $415 million in Calendar Year 1997, their 13th consecutive record breaking year, and a 30-percent gain over the preceding year. U.S. wine exports have increased almost 1400 percent since 1985. Growth in exports has accelerated for the 4th consecutive year. Grape wine continues to represent the majority of exports. In 1997, grape wine represented most of the $415 million of wine exports, except $27 million, consisting of fermented beverages, cider, and must. The volume of U.S. wine shipments reached 2.2 million hectoliters in 1997, up 26 percent from the preceding year. More varieties of higher-quality U.S. wine, robust foreign demand, and market promotion efforts under the Market Access Program all boosted U.S. wine exports. The three top markets for U.S. wines, United Kingdom, Canada, and Japan, accounted for approximately 54 percent of the value of 1997 exports. The most impressive value gains of 1997 were in Taiwan (up 303 percent) and Hong Kong (up 125 percent).
For more information, contact Yvette Wedderburn Bomersheim at (202) 720-9903.