Italian Wine Exports Down 2.3% In 2020: Report
The value of Italian wine exports closed 2020 with a 2.3% decline, to €6.28 billion, albeit lifted by a recovery in the fourth quarter, according to a market report by Ismea and the Italian Wine Union (UIV).
Italy's performance was much better than its main European competitors, France and Spain, which saw exports decline by 10.8% and 3.2% respectively.
Italy also managed to regain world leadership in exports by volume with over 20.8 million hectolitres (-2.4%) of exports.
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