Hong KongNewstpl_newsletterWineWine Trade

Hong Kong’s Top 5 Wine Exporters in February 2022

In February this year, Hong Kong imported 5% lesser wines compared to the record seen in the same month last year.

Based on data from the Census and Statistics Department, the city’s wine importation went down to HK$467 million.

The decline is caused by the decrease in wine imports from its top exporter France, down 16% to HK$288 million. 

Still using Hong Kong as their back door to China, Australian exporters continued to increase exports, rising by 43% to HK$57 million. The United Kingdom also raised their exports to the city by 6% to HK$38 million. 

There was a huge jump in American wines in Hong Kong in the month, up by 86% to HK$31 million. Italian wines also jumped by 47% to HK$18 million.

By category, imported champagne crashed by 61% to HK$16 million. Red wines from international sources grew minimally to HK$419 million. Imported white wines and ports both fell by 4% and 65% respectively. 

Unlike in February last year, the city received an overseas shipment of sherry worth HK$34,000 in February this year.

In the first two months of 2022, Hong Kong’s wine importation dropped by 21% to HK$1.3 billion, dragged down by decreases in importation from France, Australia, and the US.

Hong Kong’s Top 5 Wine Exporters in February 2022 vs 2021

Rank Country Value in 2022 Value in 2021 % Change
1 France HK$287,622,000 HK$342,654,000 -16%
2 Australia HK$57,171,000 HK$40,081,000 +43%
3 United Kingdom HK$38,161,000 HK$36,029,000 +6%
4 United States HK$31,326,000 HK$16,819,000 +86%
5 Italy HK$17,709,000 HK$12,011,000 +47%
Total HK$467,435,000 HK$494,116,000 -5%
Source: Hong Kong Customs

Wine Categories in February 2022 vs 2021

Bottled Wine Size Value in 2022 Value in 2021 % Change
Red HK$419,179,000 HK$416,612,000 +1%
Champagne HK$16,446,000 HK$41,943,000 -61%
White HK$28,205,000 HK$29,346,000 -4%
Port HK$176,000 HK$500,000 -65%
Sherry HK$34,000 HK$0
Source: Hong Kong Customs

Hong Kong’s Top 5 Wine Exporters YTD 2022 vs 2021

Rank Country Value in 2022 Value in 2021 % Change
1 France HK$805,920,000 HK$1,007,580,000 -20%
2 Australia HK$224,053,000 HK$321,243,000 -30%
3 United Kingdom HK$125,425,000 HK$98,664,000 +27%
4 United States HK$43,417,000 HK$49,276,000 -12%
5 Italy HK$43,058,000 HK$43,115,000 =
Total HK$1,343,784,000 HK$1,697,551,000 -21%
Source: Hong Kong Customs

Wine Categories YTD 2022 vs 2021

Bottled Wine Size Value in 2022 Value in 2021 % Change
Red HK$1,197,500,000 HK$1,504,775,000 -20%
Champagne HK$55,288,000 HK$109,638,000 -50%
White HK$77,322,000 HK$68,282,000 +13%
Port HK$663,000 HK$1,496,000 -56%
Sherry HK$213,000 HK$196,000 +9
Source: Hong Kong Customs

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button