wine sector


The Spanish Wine Sector, A Symbol Of Tradition And A World Benchmark

Sergio Díaz (CaixaBank Research) | The wine sector plays a fundamental role in our country, not only in economic terms, due to its contribution to activity, employment and exports, but also because of the wide extension of its cultivation and its territorial roots, which makes it a driving force for environmental conservation and rural development. Spain is the world’s second largest exporter of wine by volume and the third largest by value, although in recent years we have seen greater penetration in North America and Asia, markets that buy wine of higher value. After the COVID-19 crisis, wineries and cooperatives must face important medium-term challenges.