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Wine News

Exports of French wine and spirits to the USA and UK soar over government induced market risks

Exports of French wine and spirits grew by 5.9% to the USA in 2019 as buyers purchased early before new tariffs started and were up by 4.4% in the UK over Brexit concerns.

The US added a 25% tariff in October with the first half of 2019 seeing the value of imports rise by 16%, only to drop by 17.5% in the final quarter, after the tariffs kicked in.

In the UK, Brexit uncertainty is seen as the cause for a 4.4% rise in French wine exports to the UK, according to wine business magazine Meininger’s.