Money Buzz! Europa

Tag: EU wines

  • Italy, Spain and France are the largest wine producers in EU

    Italy, Spain and France are the largest wine producers in EU

    In 2019, the sold production of wine (including sparkling wine, port and grape must) in the EU was around 16 billion (bn) litres.

    The largest wine producers were Italy, Spain and France, followed by Portugal, Germany and Hungary, Eurostat shows.

    Italy produced over 5,5 billion litres in 2019 (around 35% of total EU wine production), Spain produced 4,3 billion litres and France 3,4 billion litres.

    Italy EU’s top exporter of wines

    In 2019, the EU Member States exported 7.1 bn litres of wine.

    Almost half of this wine was exported to countries outside of the EU (3.1 bn litres, or 43% of the total wine exports), mainly to the United Kingdom (0.69 bn litres, or 22% of extra-EU exports) and the United States (0.65 bn litres, 21%), followed by Russia (0.28 bn litres, 9%) and China (0.25 bn litres, 8%).

    Italy was by far the top exporter of wine, with extra-EU exports of 1.1 bn litres in 2019, representing 34% of the EU Member States’ extra-EU exports of wine. It was followed by France (0.8 bn litres, 25%) and Spain (0.7 bn litres, 22%).

    Top importer: Germany

    The EU Member States imported a total of 4.8 bn litres of wine in 2019. Only 16% of this came from non-EU countries, notably from Chile (0.17 bn litres, 23% of extra-EU imports) and South Africa (0.16 bn litres, 21%).

    Among the EU Member States, the largest importers of wine were Germany (0.23 bn litres, or 30% of the EU Member States’ extra-EU imports), the Netherlands (0.11 bn litres, 15%), Denmark (0.07 bn litres, 9%), Sweden (0.06 bn litres, 8%), Belgium and France (both 0.05 bn litres, 7%) and Ireland (almost 0.05 bn litres, 6%).

  • Ukraine will cut import taxes for „Made in EU” wines

    Ukraine will cut import taxes for „Made in EU” wines

    Ukraine will cut import taxes for wines produced in the European Union next year, as part of its obligations under the agreement with the EU, Reuters reports.

    Now, import taxes for wines produced in the European Union range from 0.3 to 0.4 euros per liter.

    Last year, Ukraine imported $ 146.7 million worth of EU wines, while in the first half of this year, imports amounted to $ 67.9 million.

    In 2014, Ukraine signed a comprehensive political and trade agreement with the EU.

    The agreement with the EU is allowing Ukraine free access to the 500 million consumers in the EU, the world’s largest and richest single market.