Italian wine exports to Usa breaks $1 Billion threshold

| Wed, 01/31/2007 - 05:40

Italian wine exports to the United States in 2006 broke the one-billion-dollar threshold in value for the first time ever, according to the Italian Wine and Food Institute (IWFI).

Italian wine exports to the US last year also set a record for volume, surpassing the two million hectoliters mark, the IWFI added.

Based on data from the IWFI, Italy last year exported a total of 2,122,985 hectoliters of wine to the US, a 6.9% increase over 2005, while the value of these exports was one billion dollars, representing a 7.8% jump over the previous year.

Italy is the biggest wine exporter to the United States for both volume and value and last year Italian wines represented more than 30% of wine imported there.

Last year saw a coup for the exports to the US of Italian sparkling wines, spumante and prosecco, which leapt 12% and broke the threshold of 100 million bottles for the first time ever.

Total US imports of wine in 2006 amounted to 6,928,101 hectoliters, an increase of 8.1% in volume, and $2,920,452,000, up 9.1%.

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