Leave your feedback Share Copy URL https://www.pbs.org/newshour/economy/questioncomment-i-was-surprise Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter I was surprised to hear that the Pabst brewery was razed. Do great American beers have any significant presence overseas? Economy Dec 5, 2007 5:41 PM EDT Question/Comment: I was surprised to hear on your NewsHour piece that the Pabst brewery was razed. It made me think that in recent years a number of excellent American beers have been produced, some even better than highly touted foreign beers. Do these great American beers have any significant presence overseas? Paul Solman: Depends what you mean by “significant presence.” The U.S. imports about $3.5 billion dollars worth of a beer a year, rising at a rate of something like 15 percent a year. We export some $200 million worth, mainly to Canada and Mexico, from both of which we import vastly more. The rate of beer export growth was around 4 percent (2005-2006). The balance of beer is, in a word, negative. The hop gap is widening. Maybe a staggering dollar will reverse the trend. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now
Question/Comment: I was surprised to hear on your NewsHour piece that the Pabst brewery was razed. It made me think that in recent years a number of excellent American beers have been produced, some even better than highly touted foreign beers. Do these great American beers have any significant presence overseas? Paul Solman: Depends what you mean by “significant presence.” The U.S. imports about $3.5 billion dollars worth of a beer a year, rising at a rate of something like 15 percent a year. We export some $200 million worth, mainly to Canada and Mexico, from both of which we import vastly more. The rate of beer export growth was around 4 percent (2005-2006). The balance of beer is, in a word, negative. The hop gap is widening. Maybe a staggering dollar will reverse the trend. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now