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President Macron between wines
President Macron, between wines (Yoan Valat/Getty Images)
bloc au vin

French wine and spirit exports just hit a 21st-century low, owing to some tariff bottlenecks

Sales of the French drinks to the US and China both dropped by about a fifth in 2025 amid trade tensions.

Millie Giles

The Wine Paris exhibition this week is seeing international brands, trade professionals, and wine lovers — including President Macron, who’s known for enjoying some glasses — convene in the French capital to sample one of the nation’s most esteemed exports.

This year, though, there might be a little less reason for France’s winemakers to pop the corks. Data from industry group FEVS, reported by Bloomberg on Tuesday, showed total French wine and spirits exports fell for a third consecutive year by value and a fourth straight year by volume.

In 2025, France’s total wine and spirit exports by sales slumped 8% from the year prior to €14.3 billion (~$17 billion), marking a 17% drop in value since 2022. Total volumes also fell 3% to a total of 168 million cases — the lowest level recorded in at least 25 years.

French alcohol export volumes chart
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As such, the alcohol sector has slipped from the nation’s second-largest export industry to third, behind aerospace and cosmetics, per Reuters.

In a press conference at Wine Paris, FEVS President Gabriel Picard cited “geopolitical tensions” and “trade conflicts” as factors weighing on the nation’s drinks exports. Even as climate change and slowing global demand have posed challenges to France’s wine industry for some time — the government plans to spend ~$150 million on uprooting vines to quell overproductiontariff wars made 2025 a rough case.

Levy en rosé

Higher import fees imposed by the US on French wine and spirits (currently at 15%, though this could, threats permitting, be raised as high as 200%) saw export sales to America drop 21% in 2025. That was a particularly tough blow for winemakers, since the US has long been their biggest buyer.

Sales to China, the third-biggest market for French wine and spirit exporters, also fell 20% last year, though largely due to retaliatory anti-dumping duties on EU brandy. Still, China’s growing portfolio of French-style wines pose yet another threat to the industry, with Macron himself conceding this week that the country “knew how to produce.”

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Tom Jones

The UAE’s OPEC exit will hit the group in the barrels

After just shy of 60 years in OPEC, its membership even predating its status as a nation-state, the United Arab Emirates yesterday announced its shocking departure from the oil production group, effective May 1, as the knock-on effects of the Iran war continue to play out across the Middle East and the energy landscape.

For context, the UAE produces the third-highest amount of oil in the group, per April data and OPEC’s latest set of annual statistics.

According to the cartel’s 2025 Annual Statistical Bulletin, the OPEC group was collectively exporting some 19 million barrels of crude oil a day last year, with the United Arab Emirates accounting for some 14% of that daily output.

UAExit means UAExit

The nation, whose energy minister told Reuters yesterday that the decision was taken “after a careful look at current and future policies related to level of production” and wasn’t made following discussions with any other country, made up a healthy share of the group’s total confirmed crude oil reserves, as well.

OPEC exports chart
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Of the 12 nations in the core group, which was founded by just five oil superpowers back in September 1960, only two (Iraq and Saudi Arabia) exported more barrels of crude oil daily, pumping out 3.36 million and 6.05 million barrels, respectively, each day to nations around the world.

For its part, the UAE said it will “continue its responsible role by gradually and thoughtfully increasing production, in line with demand and market conditions,” per the official state news agency. Clearly, the nation now wants a little more control of just how much oil it can pump around the world, with the UAE having to eat a large proportion of lost revenues due to its healthy abundance and OPEC restrictions.

According to the cartel’s 2025 Annual Statistical Bulletin, the OPEC group was collectively exporting some 19 million barrels of crude oil a day last year, with the United Arab Emirates accounting for some 14% of that daily output.

UAExit means UAExit

The nation, whose energy minister told Reuters yesterday that the decision was taken “after a careful look at current and future policies related to level of production” and wasn’t made following discussions with any other country, made up a healthy share of the group’s total confirmed crude oil reserves, as well.

OPEC exports chart
Sherwood News

Of the 12 nations in the core group, which was founded by just five oil superpowers back in September 1960, only two (Iraq and Saudi Arabia) exported more barrels of crude oil daily, pumping out 3.36 million and 6.05 million barrels, respectively, each day to nations around the world.

For its part, the UAE said it will “continue its responsible role by gradually and thoughtfully increasing production, in line with demand and market conditions,” per the official state news agency. Clearly, the nation now wants a little more control of just how much oil it can pump around the world, with the UAE having to eat a large proportion of lost revenues due to its healthy abundance and OPEC restrictions.

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