Portuguese wine exports reach 210 million euros in the 1st quarter of the year

Published 2023년 5월 16일

Tridge summary

In the first quarter of 2023, Portuguese wine exports experienced a slight decline with a total value of 210.1 million euros and a average price of 2.85€/litre, despite an increase in the average price per litre. The United States, France, and Brazil were the leading markets in value, while Angola, France, and the United States led in volume. There was a notable growth in exports to Russia and Ukraine. Exports without Port Wine saw growth in value and average price, with Russia, Mexico, and Ukraine being the top markets. The Setúbal Peninsula region stood out with the highest increase in exports. Despite a slower start, the year is expected to be positive with efforts to promote in traditional markets and expand into new ones.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the 1st quarter of 2023, total exports of Portuguese wines reached 210.1 million euros and an average price of 2.85€/litre. During these three months and compared to the same period last year, there was a decrease in value (0.95%) and volume (3.28%), but there was an increase in the average price of 2. 41%. Regarding the markets that stood out the most in terms of exports, in terms of Value (Euros), the United States of America (25M€) remain in the lead, with France (23.8M€) in second place and Brazil (15M€) in third. With regard to Volume (Liters), Angola (9 Million Liters) stands out, followed by France (7.9 Million Liters) and the United States of America (5.8 Million Liters). In terms of average price, in the first quarter of 2023 and compared to the same period last year, Angola is the market with the best performance, with an increase of 12.83%. Compared to the first quarter of 2022, exports to the Russian and Ukrainian markets recorded sharp growth in value, by 84.56% ...

Source: AgroNegocios