Europeans buy less US wine in 2009, but increased exports to Hong Kong, China prop up market
By APFriday, March 12, 2010
US wine exports fall 15 percent in 2009
SAN FRANCISCO — People worldwide are still buying U.S. wine in a tight economy, although exports were down in 2009 from 2008’s record-setting year.
U.S. wine exports dropped nearly 15 percent last year. The largest decrease — 21 percent — was in shipments to the European Union, which is the biggest importer of U.S. wines.
According to figures released Friday by the Wine Institute, increased shipments to Hong Kong and China helped offset the decline. The U.S. also overtook Chile as the largest bulk wine exporter to Japan, where U.S. imports were up 42 percent.
The total value of exported wine was nearly $912 million. That’s down from 2008 when the value of exports topped $1 billion for the first time.
More than 110 million gallons of wine was exported from the U.S. in 2009. Ninety percent of it came from California.
