Report Highlights: CY 2014 EU-28 wine production is still preliminarily estimated at 16.3 billion liters, 9.8 percent down from the relatively high 2013 campaign (18 billion liters) after a cold winter crippled vines, hailstorms ravaged vineyards, and rain in August delayed ripening, thus leading to considerable variance in grape quality. Among the major EU wine producing countries, notable decreases occurred in Spain (-22.3 percent) and Italy (-15 percent), while increases were registered in France (+12 percent) and Germany (+11 percent). Significant decreases occurred in Bulgaria (-36 percent), Croatia (-30 percent), Romania (-29 percent), Greece (-13 percent), Hungary (-10 percent), Austria (-10 percent), and Portugal (-6 percent). The EU-28 remained the world’s leading wine importer and exporter in 2014, importing 1.4 billion liters valued at $3.2 billion, while exporting 2.1 billion liters valued at $11.9 billion. The United States remained the leading EU-28 export market in 2014, representing 24.7 percent of the total volume and 29.5 percent of the total value.