CorkonomicsThe economics of wine production, collection, and vineyards
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Vineyard land · Pauillac≈$2,798,250 a hectare▼ down 17% on 20232024Opening price · Château Lafite Rothschild 2025≈$376 a bottle▲ up 17% on the year beforeSold at auction · Romanée-Conti Grand Cru, DRC 2019$22,917 a bottleSotheby's, Sep 2026Cost to make one bottle · Burgundy grand cru (Pinot Noir)$48–283US duty on wine from · Canada+50%since Aug 2026Everyday bottle in a US shop$13.77 a litre▼ down 1.3% in a yearSep 2026Vineyard land · Margaux≈$1,567,020 a hectare▼ down 7% on 20232024Opening price · Château Cheval Blanc 2025≈$376 a bottle▲ up 22% on the year beforeSold at auction · La Tâche Grand Cru, DRC 2018$5,417 a bottleSotheby's, Sep 2026Cost to make one bottle · Champagne prestige cuvée$26–89US duty on wine from · Australia+12.5%since Jul 2026Vineyard land · Côte-Rôtie≈$1,511,055 a hectare▲ up 8% on 20232024Opening price · Château Mouton Rothschild 2025≈$336 a bottle▲ up 19% on the year beforeSold at auction · Richebourg Grand Cru, DRC 2012$3,542 a bottleSotheby's, Sep 2026Cost to make one bottle · Bordeaux classified growth (2nd–5th)$17–61US duty on wine from · New Zealand+12.5%since Jul 2026Vineyard land · Côte de Nuits grand cru≈$7,275,450 a hectare2019Opening price · Château Palmer 2025≈$268 a bottle▼ down 19% on the year beforeVineyard land · Pomerol≈$2,238,600 a hectare2023
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Portugal

Port, the Douro’s terraces and a country of grapes grown nowhere else, at prices well below France and Italy.

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A wine scene in Douro
Pictured: Douro

Portugal has about 190,000 hectares of vines and some of Europe’s cheapest vineyard land outside the Douro’s famous terraces, which are sold as whole estates.

The essentials

Economic facts that matter

Port production is capped each year by the benefício. Table wine from the Douro, the Dão and Alentejo has been the growth story while Port sales decline.

Key facts

Vineyard area
≈ 190,000 haIVV

Regions

RegionDouroThe oldest demarcated wine region in the world, where Port is made on schist terraces so steep they are a…

US imports from Portugal

$0.00$5.00$10$15201520172019202120232025US$ millions per month, customs valueYearMonthly, 2015–2026 · HS 2204, wine of fresh grapes · Source: U.S. Census Bureau
US$ millions per month, customs value, HS 2204 (wine of fresh grapes)Source: U.S. Census Bureauas of 1 August 2026

Sources

  1. Douro winegrowers warn part of 2026 harvest may go unsold, Wine Intelligence, 2026. Retrieved 6 October 2026.
Last reviewed: October 2026Report an error on this page

Related

RegionDouro