The export of French wines and spirits broke a record last year

By: Trademagazin Date: 2023. 02. 16. 10:02

The export of French wines and spirits decreased slightly in volume last year, but in value it increased by 10.8 percent to a record 17.2 billion euros, despite the increase in production costs and logistical problems, the Federation of French Wines and Spirits Exporters (FEVS) announced.

The volume sold decreased by 3.8 percent, for wines by 6.6 percent, so the record revenue can be explained by the increase in the price of bottled beverages, primarily thanks to the champagne and grand cru wine specialties. The sector’s trade surplus was 15.7 billion euros, an increase of 10.3 percent compared to 2021.

César Giron, president of FEVS, called last year’s record turnover an “excellent performance” at a press conference held at one of Europe’s most important wine exhibitions, Vinexpo in Paris, thanks to which the sector produced the second most significant trade surplus in France after the space industry.