According to the most recent statistics, the following countries have the highest negative net exports for wine. Net exports are defined as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s wine import purchases and its wine exports (in U.S. dollars).
- United States: -$6.2 billion
- United Kingdom: -$4.4 billion
- Canada: -$2.2 billion
- Japan: -$1.9 billion
- Germany: -$1.8 billion
- China: -$1.4 billion
- Switzerland: -$1.2 billion
- Netherlands: -$1 billion
- Russia: -$882.3 million
- Sweden: -$793.9 million
- Belgium: -$750.2 million
- Hong Kong: -$727.8 million
- South Korea: -$581.1 million
- Denmark: -$580.1 million
- Norway: -$499.4 million
The combined North American deficit of $8.4 billion in international wine trade has a strong demand for both Old World and New World brands. In turn, this negative cashflow highlights North America’s strong competitive disadvantage for wine sales but also indicates opportunities for other wine-supplying countries to contribute toward satisfying North America’s consumer thirst and wide-ranging tastes for different types of wines.
Sláinte mhaith
A Layman's Wine Musings 