Israel Export Institute says wine exports came to $26.7 million in 2011; Israeli wines gain new foothold in Asian markets

Israel’s wine industry recorded a successful year in 2011 as wine exports grew by 5.5%, the Israel Export & International Cooperation said Wednesday.

According to an IEI report released ahead of ISRAWINEXPO 2012, the wine industry’s overseas sales came to $26.7 million in 2011.

ISRAWINEXPO is an international exhibition for the wine industry, wine-makers, importers, investors, buyers, restaurateurs and sommeliers. The exhibition’s 2011 edition was attended by over 20,000 people.

“In the past, Israeliwine exports were based largely on kosher wines, but today, our wines garner international attention and recognition,” Michal Meeman of IEI said.

According to the IEI, the wine industry’s top-five export destinations are: The United States ($12.2 million, +0.5%), France ($2.7 million, -11%), the UK ($1.4 million, +9.6%), Canada ($1 millnio, +4.6%) and Poland ($900,000, +63%).

Exports to the European Union added 3% in 2011 and amounted to $8 million.

Full story via YnetNews