Finance
Italy's sparkling wine exports to US jumped in November ahead of possible tariffs
Published by Global Banking & Finance Review®
Posted on January 22, 2025
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 22, 2025
1 min readLast updated: January 27, 2026
Italian sparkling wine exports to the US surged 41% in November due to fears of tariffs by President Trump, setting a record for the month.
MILAN (Reuters) - Exports of Italian sparkling wine such as prosecco to the U.S. surged by a record amount in November before possible tariffs on the sector, the latest available data from industry group Unione Italiana Vini (UIV) showed on Wednesday.
Export volumes grew 41% in November, compared with a 19.5% growth in the first 11 months of the year overall, according to the industry body.
The UIV said there had been a "sudden rush to stockpile" in anticipation of possible duties on imported goods to be imposed by President Donald Trump, who took office on Monday. UIV said such an increase sets a record for the month of November.
Exports of Italian bottled still wines increased by 17% in November, UIV data showed.
"With an export value that will exceed 1.9 billion euros ($2 billion) in 2024, the United States accounts for 24% of Italian wine exports," UIV's chairman Lamberto Frescobaldi said in a statement.
Trump has vowed to hit the European Union and other countries with tariffs in response to their trade surpluses with the U.S. ($1 = 0.9599 euros)
(Reporting by Elisa Anzolin; Editing by Keith Weir)
The main topic is the surge in Italian sparkling wine exports to the US in November due to fears of potential tariffs by President Trump.
The surge was due to a rush to stockpile ahead of potential tariffs on imported goods by President Trump.
Italian sparkling wine exports to the US grew by 41% in November.
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