Business & Real Estate

U.S. wine exports down from record 2013 total

U.S. wine exports, 90 percent of them from California, accounted for $1.49 billion in winery revenues in 2014, according to the San Francisco-based Wine Institute.

That was down about 3.8 percent from a record $1.55 billion in 2013.

Despite the drop, the institute said the 2014 total was the second-highest dollar value ever for U.S. wine exports and a 64 percent increase from five years ago.

It also noted that export traffic in the last quarter of 2014 was sharply reduced due to a prolonged labor dispute and work slowdown at West Coast seaports.

U.S. wine exports – by volume shipped – actually increased more than 1.5 percent year-over-year, with 442.7 million liters shipped in 2014 versus about 435.7 million liters in 2013.

“With three back-to-back California vintages (2012, 2013 and 2014) heralded for their high quality and size, we have the ability to meet consumer demand for our wines both in the U.S. and abroad,” said Wine Institute President and CEO Robert Koch, in a statement.

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