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New Zealand's wine exports reached record levels

Staff writer ▼ | January 29, 2016
The value of New Zealand's wine exports to U.S. grew 26% to $297 22 million, and Canada, which witnessed an 18% rise to reach $64.6 million.
New Zealand wine
Wine trade   Favorable currency conditions for exporters
The UK market for New Zealand wine also grew, with exports here rising 12%. While acknowledging favorable currency conditions for exporters, Philip Gregan, CEO of New Zealand Winegrowers, said: “underlying the growth is the very positive reputation of New Zealand wine amongst consumers and the wine trade globally.”

“The new record level of wine exports is an outstanding achievement for New Zealand wine exporters and testifies to the strong global demand for our wines,” he said.

New Zealand wine is exported to more than 90 countries, and wine is New Zealand’s 6th largest export good.

New Zealand wine exports reached $646 million in 2010 and the industry has a goal of $1.29 billion of annual wine exports in 2020.