The value of exports of Italian wine to the US is expected to rise almost 8% this year, according to local reports.

The Italian news agency ANSA cited figures from the country's farmers union Coldiretti that forecast a 7.6% leap in export revenues to around EUR1bn (US$1.3bn).

The figures were based on data from the Italian Food & Wine Institute for the nine months to the end of September, the report added.

Italian wines have a 31% share of the imported wine segment in the US, the report said, just adding out the Australians, who have a 30% share.