Tridge summary
Portuguese wine exports reached a record value of 941 million euros in 2022, marking a 1.52% increase from the previous year, according to ViniPortugal. The exports were roughly equally divided between third countries and the European Union, with France, the United States, and the United Kingdom being the top three markets. The Angolan, Mexican, and Japanese markets saw the largest increases in value. ViniPortugal's goal for 2023 is to reach one billion euros in exports, driven by an increase in the average price.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
In 2022, exports of Portuguese wines reached a value of 941 million euros (M€). According to ViniPortugal, Associação Interprofissional do Vinho, this value represents an increase of 1.52% compared to the same period last year and constitutes «a record value» of exports. As for destination markets, the entity underlines that «the total value of exports is currently divided very roughly» between third countries (which totaled €499 million) and European Union countries (which totaled €427 million). In the top three export markets, France continues to lead (with 111 M€ and an increase of 3.2% compared to 2021), followed by the United States of America (105 M€) and the United Kingdom (83 M€). ViniPortugal also points out that one of the biggest increases in the value of exports was registered in the Angolan market (with a growth of 103.6%), followed by Mexico (+74.6%) and Japan (+24.5%). %). «As we estimated at the beginning, our exports once again reached a record, reaching 941 ...
Source: Flefrevista
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