News Karnataka
Monday, January 30 2023

Italy’s wine exports reached record levels in 2021

Alcoholfree wine maybe just as good for your heart as real wine
Photo Credit :

Rome: Italy’s wine exports hit a record 7.1 billion euros ($7.8 billion) last year, more than compensating for lower export totals in 2020 due to the worst period of the coronavirus pandemic, official data revealed.

According to an analysis by the Qualivita Foundation of data from Italy’s National Statistics Institute (ISTAT), wine exports grew by 12.4 per cent in 2021 compared to the previous year. This was compared to a 2.2 per cent year-on-year decrease in 2020, reports Xinhua news agency.

The Qualivita Foundation said that exports to North America grew by 16.7 per cent, while those to Asia surged by 22.5 per cent between 2020 and 2021.

The US remained the largest export market for Italian wines, followed by Germany and the UK.

However, the news of booming exports of Italian wine in 2021 was tempered by a report from consultancy Nomisma published on the same day, which predicts that in 2022 exports could suffer from the crisis in Ukraine.

Nomisma said that wine exports to Russia and Ukraine together account for annual sales of around 400 million euros, or around 6 per cent of total exports.

Share this:
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published. Required fields are marked *

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp