News article

Angola is main buyer of Portuguese wine outside European Union

macauhub | 12-04-2013 | General, Economy
In 2012 Angola purchased over 687,000 hectolitres of wine from Portugal, worth 87 million euros, or one out of every five litres of wine exported by Portugal, Portuguese weekly newspaper Sol reported.
According to Portugal’s Vine and Wine Institute (IVV) in 2012 exports totalled 700 million euros, which was an annual rise of 7.1 percent overall. Angola’s wine imports from Portugal in 2012 grew by 18.2 percent year on year.

Whilst the Portuguese market is in recession and some European countries are pushing for lower prices on Portuguese wine, Angola imported more wine and paid more per litre on average.

“Angola is the main destination for Portuguese wines outside the European Union and the increase in value and volume of imports are an indication of the importance of the market,” noted the president of the Vine and Wine Institute, Frederico Falcão.

Figures from the IVV also showed that Africa was one of the regions that drove Portuguese wine exports, and accounted for over 900,000 hectolitres, or 107 million euros, driven mainly by the Angolan, but also the Mozambican markets.

In 2012 Mozambique imported around 78,000 hectolitres of Portuguese wine, which was an annual increase of 9.4 percent, providing revenue of 7,000 euros, or 40 percent more than in 2011.


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