Jan. 20, 2012 – U.S. wine exports reached a record $1.23 billion in the first 11 months of 2011, according to an article in the Los Angeles Times. The increase in exports is a 9% increase over all of the tallied exports for 2010, and that’s without including December’s figures. The California Wine Institute projects that exports for 2011 will total at least $1.3 billion. The statistics for 2011 will be released later this year.
Since nine out of every 10 bottles of wine exported from the U.S. come from California, winemakers from the state are looking to expand their exports to capitalize on increased foreign demand. Here’s to hoping they continue to spread the love around.
As Los Angeles Times reports:
“California is the fourth-biggest wine producer in the world but accounts for just 4% of the world wine export market, a situation that provides Golden State wineries with ample room for expansion as they compete with more established growers in France, Italy and Spain.”