February 23, 2015

Israel’s Wine Industry Hits $220 Million in 2014; $40 Million in Export

TEL AVIV - Israel’s wine industry continued its climb in 2014, reaching $220 million and taking its place amongst some of the leading wine producers in the world, according to the Israel Export and International Cooperation Institute. Exports of wine and spirits rose 10% last year to $40 million. The Israel Export and International Cooperation Institute attributes the rise in wine exports to growing demand in North America, Europe and Asia. In 2014, 58% of wine exports amounting to $23 million ($20 million to the US) went to North America, $13 million (up 12%) to Europe and $2.2 million (up 27%) to Asia. In Europe, France is the biggest market for Israeli wine. Israel Export and International Cooperation Institute Wine Department head Ya'ara Shimoni said that most Israeli wine exports are bought by the Diaspora Jewish kosher market. Israel Export and International Cooperation Institute figures show that wine and spirits exports have grown consistently over the past five years, having more than doubled from $19 million in 2009. Israel has 250 wineries of which 50 operate commercially. Overall annual sales of Israeli-made wine reached $220 million in 2014.