According to data provided by the Spanish Wine Market Observatory (OeMv), Spanish wine exports fell by 3.6% in 2020 to a total of 2,616.1 million euros due to the New Crown epidemic, Brexit and tariffs imposed by the U.S. government, while export volumes fell by 6% to 2,012 million liters.
Image courtesy of: Penin Guide Spain
Compared to the data recorded in 2019, Spain has reduced its exports in 2020 by a total of 126.8 million liters and 96.7 million euros.
In the international market, Spanish wines suffered a setback in Russia, with a 50% drop in trade compared to the same period last year, while wine sales to China fell by almost a third. At the same time, exports to the United Kingdom, the Netherlands, Norway and Ireland showed significant growth in 2020.
In 2020, Spain imported 165.7 million euros of wine, with a trade surplus of 2,450.4 million euros, making an excellent contribution to the overall import/export balance.