US now biggest export market for NZ wine

The US has overtaken Australia to become New Zealand’s biggest export market by value.

Growing 13% to NZ$372 million to the year ending June 2015, the news is in line with predictions from New Zealand Winegrowers that the US was on track to become the most valuable export market.

NZ Winegrowers also reported that there was “significant potential” for further growth in North America and the annual report held out greater hope of more growth in the Asia-Pacific region as a result of a number of free trade agreements with countries such as South Korea.

Australian exports are now worth $362m – having suffered a slight drop – but exports to the UK rose around 10% to $354m. The next biggest market by value….