In 2022, global sales of brandy exports amounted to US$8.4 billion.

Overall, the value of brandy exports has surged by 67.3% since 2018, when total shipments were valued at $5 billion.

From 2021 to 2022, the value of globally exported brandy increased by 27.7%, up from $7.1 billion.

The top five countries leading in brandy exports are Mexico, mainland China, Italy, the United States, and Spain. These countries collectively accounted for 70.7% of the world's brandy export sales in 2022.

Regional Insights

In 2022, North America was the largest exporter of brandy by value, with shipments worth $4.3 billion, representing over half (51.5%) of the global total. Europe followed with 29.2%, and Asia accounted for 16.7% of the global shipments.

Smaller shares of brandy exports came from Latin America (1.7%), excluding Mexico but including the Caribbean, Oceania (0.5%) mainly Australia and New Zealand, and Africa (0.4%).

For research purposes, brandy falls under the 6-digit Harmonized Tariff System code 220890.

Leading Brandy Exporting Countries in 2023

The top ten countries by export value for brandy in 2023 were:

1. Taiwan, China: 71.99%, $1,957.45 million

2. France: 6.6%, $179.47 million

3. Spain: 4.54%, $123.41 million

4. United States: 4.23%, $114.91 million

5. Ukraine: 1.66%, $45.18 million

6. Thailand: 1.62%, $44.14 million

7. Germany: 0.95%, $25.97 million

8. Italy: 0.83%, $22.66 million

9. Portugal: 0.78%, $21.32 million

10. Latvia: 0.75%, $20.5 million

These ten countries accounted for 93.95% of global brandy exports in 2023.

Among these top exporters, Italy (up 118%) and Spain (up 117%) were the fastest-growing since 2018, while Germany experienced a decline (down 6.8%).

Trade Surpluses in Brandy

The countries with the highest net exports of brandy in 2022 were:

1. Mexico: $4 billion (up 141.9% since 2018)

2. Mainland China: $541.7 million (down 1.9%)

3. Italy: $465.3 million (up 110.5%)

4. Spain: $169.2 million (down 392.8%)

5. Belgium: $107.4 million (up 224.5%)

6. France: $67 million (down 37.3%)

7. South Korea: $63.7 million (down 27.9%)

8. Greece: $56.8 million (up 7.3%)

9. Austria: $40.2 million (up 98.9%)

10. Ireland: $33 million (down 484.4%)

11. Guyana: $30 million (up 1,207.9%)

12. Latvia: $26.9 million (down 16.8%)

13. Turkey: $19.9 million (down 46.4%)

14. Netherlands: $18.9 million (up 148.6%)

15. Taiwan: $16 million (down 39.7%)

Mexico had the largest surplus in brandy trade, underscoring its competitive advantage in this market.

Trade Deficits in Brandy

Countries with the highest net imports of brandy in 2022 were:

1. United States: -$5 billion (up 250.8% since 2018)

2. Canada: -$278.8 million (up 109.8%)

3. Germany: -$276.1 million (up 215.9%)

4. Macao: -$217.1 million (up 590.6%)

5. Australia: -$102.2 million (up 287.6%)

6. India: -$95.7 million (up 20.4%)

7. Japan: -$86.9 million (up 10.1%)

8. Colombia: -$82.7 million (up 387.5%)

9. Singapore: -$76.6 million (up 582.9%)

10. United Arab Emirates: -$58.3 million (up 42%)

11. Vietnam: -$56.5 million (reversing a $4.1 million surplus)

12. Switzerland: -$51.7 million (up 38.4%)

13. Hong Kong: -$45.2 million (up 40.5%)

14. Russia: -$44.9 million (down 46.5%)

15. United Kingdom: -$32.9 million (down 133.2%)

The United States had the largest deficit in the brandy trade, highlighting both a significant demand and potential opportunities for brandy exporters.

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