US tariffs dent Italy wine exports

Core Insights - Italian wine exports experienced a decline in 2025, significantly affected by US tariffs and the resulting dollar devaluation, with export value reaching €7.78 billion ($8.9 billion), down 3.7% from 2024 [1] Export Performance - The value of Italian wine exports to the US decreased by 9.2% to €1.76 billion, accounting for nearly 60% of the overall deficit, losing €178 million [2] - In non-EU markets, the export value fell by 6.4% to €4.6 billion, while EU markets remained stable with a slight increase of 0.5% to nearly €3.2 billion [3] Regional Analysis - In the US, there was a notable decline of nearly 23% in export value during the second half of the year, with bottled still red wines experiencing a peak decline of 28% and an average price drop of 10.8% [4] - Major Italian wine-producing regions such as Veneto, Tuscany, and Piedmont saw export value declines of 1.2%, 2%, and 2.2%, respectively [4] Product Category Performance - Sparkling wines performed relatively better, with a value decline of 2.5% to €2.3 billion, compared to still and semi-sparkling wines which saw a 4.3% decline to €5 billion [5]