ITALIAN EXPORTS REACH NEW HIGH
Italian exports to the U.S. rose 12% yoy in the first nine months of 2007, according to the Italian Farmers’ Confederation. Shipments to the EU rose 8%, while overall exports abroad were up 10.5% between January and September as compared to the previous year.
The Italian Wine Union predicted that the value of wine exports in 2007 will exceed the record $4.54 billion registered last year, while the Italian National Statistics Institute showed that the value of wine exports in the first six months of the year grew 12%.
According to Nielsen data, Italian imports held 7.7% of U.S. table wine share in the 52 weeks to October 20, second only to Australia at 8.8%. Chilean and French wine came in third and fourth at 2.1% and 2%, respectively.
The Italian Wine Union predicted that the value of wine exports in 2007 will exceed the record $4.54 billion registered last year, while the Italian National Statistics Institute showed that the value of wine exports in the first six months of the year grew 12%.
According to Nielsen data, Italian imports held 7.7% of U.S. table wine share in the 52 weeks to October 20, second only to Australia at 8.8%. Chilean and French wine came in third and fourth at 2.1% and 2%, respectively.
posted at 2:25 PM
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