French Wine Exports Decline Due to Trade Tensions

French wine and spirits exports declined for the second consecutive year in 2024, totaling €15.6 billion ($16.1 billion), a 4% drop from the previous year, primarily due to economic and geopolitical tensions, notably a trade dispute with China, which resulted in a 20.2% decrease in sales in that market. Cognac exports fell by 10.9%, while armagnac saw a decline of 15.4%. Despite these challenges, exports to the United States, the largest market for French wines and spirits, grew by 5%. The Federation of Wine and Spirits Exporters (FEVS) urged European leaders to resolve the tariff disputes swiftly, warning that prolonged tensions could disrupt supply chains. The FEVS also highlighted ongoing uncertainties regarding potential U.S. tariffs amid the volatile economic landscape. Industry leaders are calling for concrete actions to address the situation, particularly with an expected visit by French Prime Minister François Bayrou to China on the horizon.