Spanish Wine Exports Surge to Record €2.9 Billion Despite Global Challenges

– byPrince@Bladi · 1 min read
Spanish Wine Exports Surge to Record €2.9 Billion Despite Global Challenges

Spanish wine exports (in bulk) to Morocco have increased significantly in 2022 (+9.2 million liters). In total, Spanish wine exports reached a record turnover of 2.9 billion euros, an increase of 89.6 million compared to 2021.

Spain was able to achieve this record of wine exports in this difficult context marked by the Russian invasion of Ukraine, the energy crisis and the rise in energy and fuel prices, among others. The volume exported, however, fell by 9%, or nearly 213 million liters less than in 2021, including about 150 million liters of bulk wine, reveals the report on "Spanish wine and wine product exports in 2022" carried out by the Spanish Wine Market Observatory (OeMv).

According to this document cited by Diario de Gastronomia, the turnover of Spanish wine exports fell in March (-23.6%) and November 2022 (-1.8%), but increased in the other months, closing the year with a record of 2.9 billion euros. The volume of Spanish wines exported to Italy, Germany, Portugal and France has generally decreased by 111.4 million liters in 2022. However, there was an increase in the volume exported to France (+30 million euros) and Germany (+19.5 million euros).

In addition to the exports of bulk wines to Morocco (+9.2 million liters) and the United Kingdom (+7.5 million), Spanish bottled wine exports to the United States also increased, reaching 258.1 million euros (+11%).