Wine & Related Products
U.S. Wine & Related Products Exports in 2023
Total Export Value
$1.23 Billion
3-Year Average
$1.39 Billion
Compound Average Growth
-1.92% (2014-2023)
| Market | Total Value (USD) |
|---|---|
| Canada | $442.96 Million |
| European Union | $153.26 Million |
| United Kingdom | $144.1 Million |
| Japan | $89.62 Million |
| South Korea | $67.76 Million |
| China | $63.86 Million |
| Hong Kong | $38.72 Million |
| Mexico | $26.03 Million |
| Dominican Republic | $24.68 Million |
| Singapore | $17.34 Million |
Data and Analysis
India’s total alcoholic beverage sector is the world’s third largest, with yearly sales of $44 billion according to Euromonitor. Despite India’s high import tariff structure, lack of uniformity in state excise rates, state specific regulations, and limited opportunities for the marketing of alcoholic beverages, the sector continues to witness significant growth that is set to expand to $55 billion by 2027.
Alcoholic beverages imported into Ghana increased from $56 million in 2019 to $87 million in 2023. Similarly, imports of U.S. alcoholic beverages to Ghana are on an upward trend in the same period from $267,000 in 2019 to $1 million in 2023.
On May 24, 2024, the Ontario provincial government announced an accelerated plan to allow sales of wine, beer, cider, and ready-to-drink alcoholic beverages in grocery and convenience stores by the end of October 2024. The initial timeline provided for implementation to begin in January 2026.
News and Features
U.S. Department of Agriculture Under Secretary for Trade and Foreign Agricultural Affairs Alexis M. Taylor today announced the availability of funding for the first five projects under the new Assisting Specialty Crop Exports (ASCE) initiative.
The U.S. Department of Agriculture’s Foreign Agricultural Service is accepting applications from U.S. exporters for a trade mission to Santiago, Chile.
Regardless of where you live or what language you speak, treating that special someone in your life to delicious food is a universal act of love. If you are looking for ideas on how to show your love this Valentine’s Day, look no further. The U.S...