Edition 1513
16 February 2019
Edition: 1513

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Exports of Portuguese wine up 3.3% by volume in 2018

by TPN/Lusa, in News · 06-02-2019 06:52:00 · 0 Comments

Exports of Portuguese wine last year swelled in volume by 3.3%, to 806 million hectolitres, according to a report by Informa D&B.

Exports of Portuguese wine up 3.3% by volume in 2018

 

According to the report, the country's trade surplus in wine also grew, to €648 million in 2018 from €634 million in 2017, despite "notable" growth in imports, of 15.3%.

 

Despite the growth in exports, estimated production for the 2018/2019 production year slipped to 5.30 million hectolitres, around 20% less than the amount registered in the previous year, when there had been a 11.9% increase, the report added.

 

Informa D&B also noted that 43% of exports corresponded to fortified wine, such as port, which alone accounted for 40% of the total amount exported.

 

In terms of regions, port wine and table wine from the Douro had the highest volume of production, representing 21.5% of the total for 2017/2018, followed by Lisbon, at 18%, the Minho and the Alentejo, at 14% each, and Beiras, at 12%.

 

The main markets for Portuguse wine were in the European Union, which as a whole represented 60% of total sales, with the UK and France the largest single national markets.

 

Outside the EU, the main destinations were the US, Brazil, Canada and Angola, according to the report.

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Edition 1513
16 February 2019
Edition: 1513

Read this week's issue online exactly as it appears in print.

Twitter

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