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U.S. exporters can find ample opportunities in the Iberian Peninsula. Spain is the third-largest European Union (EU) destination for U.S. agricultural products, with Portugal ranking 11th. In 2021, the United States exported $1.6 billion of agricultural products to Spain, or 15 percent of total U.S. agricultural exports to the EU. The United States held a 4 percent market share of Spain’s agricultural imports and 2 percent market share in Portugal, behind other EU member states as a group and Brazil.
Taiwan is going through an unprecedented phase of high-end wine consumption growth, placing the United States as the second largest foreign supplier by value. Being the U.S. wine’s sixth largest valuable Asian market, Taiwan achieved its outsized impact for purchasing high-end U.S. wine.
Canada is the top export market for U.S. wines by value, and Ontario’s provincial liquor board is a major purchaser of beverage alcohol.
Singapore has a highly developed and competitive hotel, restaurant and institutional (HRI) industry that is fueled by robust tourism and consumer spending.
Cross-border e-commerce (CBEC) provides U.S. exporters with a growing retail channel to reach Chinese consumers.
Québec is the largest wine-importing province in Canada, importing approximately160 million liters of wine valued at $720 million in 2018.