What caused the significant drop in French wine exports to the US?

US tariffs and an unfavorable exchange rate were major factors contributing to the 21 percent decrease in French wine exports to the United States.

How did other French spirits perform in export markets?

French spirits exports slumped 17.4 percent overall, with Chinese anti-dumping measures severely impacting cognac and armagnac.

What measures are being taken to revitalize the French wine sector?

The French government has introduced a 130-million-euro fund to offer subsidies for unprofitable vineyards to uproot their vines.

Home / Business and Economy / French Wine Exports Tumble Amid US Tariffs

French Wine Exports Tumble Amid US Tariffs

10 Feb

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Summary

French wine and spirits exports fell 8% in value last year.
US tariffs caused a 21% drop in French wine exports to the US.
France's wine sector faces over-production and declining demand.

French Wine Exports Tumble Amid US Tariffs

French wine and spirits exports saw a substantial decline in value by 7.9 percent last year, reaching 14.3 billion euros. The United States, a key market, experienced a dramatic 21 percent decrease in shipments due to imposed tariffs and unfavorable exchange rates. Overall exports to the US, which represent 21 percent of the market, were heavily impacted by these commercial conflicts and geopolitical tensions.

Beyond the US, French spirits exports also suffered a 17.4 percent slump, significantly affected by Chinese anti-dumping measures. Cognac sales, in particular, dove 23.8 percent. This challenging export environment coincides with domestic issues for the French wine sector, including over-production and falling demand. To address this, the French government has initiated a 130-million-euro fund to subsidize the uprooting of unprofitable grape vines, a move supported by President Macron as necessary for sector revitalization.