Inflation drives French wine and spirits exports to new high in 2022

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Reuters UK

PARIS (Reuters) – French wine and spirit exports rose 11% last year to hit a new record, mainly boosted by a rise in prices, and the trend should last this year as Chinese consumers return to restaurants and resume travel, industry group FEVS said. Overseas sales of wine and spirits – France’s second-biggest export after aerospace goods – reached 17.2 billion euros ($18.42 billion) in 2022, up 10.8% on 2021, the Federation of French Wine and Spirits Exporters (FEVS) said. However, volumes sold fell 3.8%, mainly due to poor wine production in 2021 linked to frost damage and logistical problems,…

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