Argentine wine exports register rise in 2021

Published Dec 19, 2021

Tridge summary

Argentine wine exports have experienced a significant growth, with the value and volume increasing by over 20% year-on-year, reaching USD 844 million in 2021 so far. The United States, the United Kingdom, and Brazil are the primary markets. This growth is attributed to efforts by the private sector and the government, including reducing retentions for small and medium-sized enterprises and doubling refunds for total wine exports. Argentina, which has the most valuable agri-food export, is the fifth-largest wine producer in the world.

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Original content

By Editorial PortalPortuario.cl/Agencia Télam, @ PortalPortuario.cl, Argentine exports of fractionated wines continue to rise, with year-on-year increases of over 20%, both in value and volume, as reported by the Instituto Nacional Vitivinícola (INV). Shipments abroad reached USD 791 million in 2020, a turnover that will be exceeded in 2021 since last October it totaled USD 844 million, an increase of 12.4%, highlighted Wines of Argentina (Wofa), the entity in charge of the promotion. of the brand and the country image of Argentine wines in the world., "In 2021 it plans to close with total wine export values close to 900 million dollars, which, added to must exports, would reach 1,000 million", stated the president of the INV, Martín Hinojosa., Following the trend of recent years, the main markets in 2021 are the United States (USD 247.9 million), followed by the United Kingdom (USD 99.8 million) and Brazil (USD 95.7 million) among the top three destinations; as well as Canada (US ...

Source: CLPortalportuario