Liquor exports had a record 2024, but 2025’s outlook is more complicated

The U.S. exported $2.4 billion worth of spirits last year

Transcript

00:00U.S. spirits exports had a record year in 2024, but global economic uncertainty could

00:05water down future sales. According to a report released by the Distilled Spirits Council

00:09of the United States, the U.S. exported $2.4 billion worth of spirits last year, a 10% bump

00:15from 2023. Exports to the U.K. rose by 39%. That increase was fueled by a potential 50%

00:22tariff on American whiskey imports in 2025. And Discus President and CEO Chris Swanger

00:27said this year's outlook is far less clear, saying,

00:30Unfortunately, ongoing trade disputes unrelated to our sector have caused uncertainty, keeping

00:35many U.S. distillers on the sidelines and curtailing sales growth. Roughly 50% of all U.S. spirits

00:41were exported to the EU, with whiskey being the spirit purchased most by European importers.

00:46Tennessee and Kentucky, two states with huge bourbon productions, exported a combined $1.7

00:51billion worth of spirits in 2024. That'll do it for your daily briefing. From New York City,

00:56I'm Kelsey Barbario with The Street.