Wine exports reach record $1.5 billion

Philip Gregan, chief executive of New Zealand Winegrowers, said the industry was on track to meet its goal of $2 billion in exports by 2020. Photo / file
Philip Gregan, chief executive of New Zealand Winegrowers, said the industry was on track to meet its goal of $2 billion in exports by 2020. Photo / file

New Zealand wine exports have reached a record high of $1.54 billion for the 2015 year, up 14 per cent on 2014 according to New Zealand Winegrowers.

Chief executive of New Zealand Winegrowers Philip Gregan said the growth was "an outstanding achievement" and "testifies to the strong global demand" for New Zealand wines.

"The past year has seen particularly strong growth into the USA, with export value up 26 per cent to $430 million, Canada up 18 per cent to $100 million, and the UK up 12 per cent to $380 million," Gregan said.

"The lower New Zealand currency has assisted the increased returns, but underlying the growth is the very positive reputation of New Zealand wine amongst consumers and the wine trade globally."

Gregan said achieving the $1.5 billion record meant the industry was on track to reach its goal of $2 billion annual wine exports in 2020. The industry reached $1 billion in 2010.

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

- NZ Herald

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