Good news for the Spanish wine industry. According to the latest report from Spanish Observatory for Wine Market in the first nine months of the year Spanish wine exports have increased by 28% over the same period last year.

However this increase in exports has not been shared equally among the various wine producing regions. Three of them have increased their exports: Castilla-La Mancha, Extremadura and Valencia. By contrast, others such as Catalonia and Aragon, have reduced their export figures.

On the other hand, not all good news for the Spanish wine industry. This increase in exports has been accompanied by a drop in revenue of 4.3%, largely driven by the significant price declines that occurred due to the historic 2013 harvest.

Total sales stood at 1.948 million liters (427 million more than last year), with a global turnover of 2.043 million euros (92.5 million less than the previous year). A notable case is that of Castilla-La Mancha, which despite having exported 427 million liters (+ 44%), reduced its revenues by 58 million euros (-10.2%).

For the rest of European wine producers, such as FrancePortugal and Germany, saw its exports slowed. The same applies to the average price; in fact, only Portugal has managed to increase it in the first nine months of the year.