Portugal: ViniPortugal expects to export €774M this year

Page created: Friday, 5 May 2017 9:17 GMT

Exports  Jorge Monteiro  ViniPortugal  Wine

Lisbon, May 4 (Lusa) – The CEO of ViniPortugal, Jorge Monteiro, said on Thursday he expected to export more than €744 million in wine this year, 4.14% more than in 2016.

“We hope to export about €744 million despite the loss of some €65 million in sales to Angola over the last two years”, the ViniPortugal boss told reporters at a meeting in Lisbon.

In spite of this drop, because of the economic crisis and the foreign Exchange problems that Angola is facing, the Portuguese wine exports managed to place their products in other markets such the USA, Canada, Poland, Cyprus, Japan and Norway.

Founded in 1997, a ViniPortugal in the interprofissional association of the wine industry and it manages the ‘Wines of Portugal’ brand.