US Wine Exports Down, But Not Out

Last year, US wine exports were valued at $1.53 billion and 42.2 million cases, both of which represent a decrease over more than 5%, according to the Wine Institute. Wine Institute attributes the drop to the strong dollar, heavily-subsidized foreign wine producers and competitors inking free trade agreements.California wines still represent the bulk of what's exported, at about 97% of the total. The top five export markets for California wines were:European Union ($553 million)Canada ($444 million)Hong Kong ($119 million)Japan ($94