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French Wine Hits New Export Milestone in 2021

By March 24, 2022Top News

Figures released by the Fédération des Exportateurs de Vins et Spiritueux de France (FEVS) showed that French wine export sales, including Champagne and Cognac, reached a record high of €15.5 billion (approximately $17.4 billion), with exports to China growing by 56% last year. This is a 28% year-over-year increase, but also an 11% increase in 2019, showing a strong rebound across all countries. The U.S. is the largest export destination of French wine and spirits, accounting for more than a quarter of the total sales of French wine exports. In 2021, total French wine and spirits exports to the U.S. increased by 34% to €4.1 billion ($4.5 billion), with the suspension of U.S. taxes on French wine from March 2021 a leading factor in that growth.

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