In a market that was reduced by the pandemic, Argentina managed to export 26% more wine in 2020

Published Jan 16, 2021

Tridge summary

2020, the year that will be remembered for the great pandemic and the closure, concluded with an improvement in exports from the Argentine wine sector of 26.7%, compared to 2019. In quantities they are the best sales of the last 12 years. Sales abroad of fractioned wines had an increase of 5.7% and those of bulk wine jumped no less than 59.8%, according to the National Institute of Viticulture (INV).

Original content

Thanks to this performance, "Argentina was one of the four countries that were able to achieve volume growth, being the one that grew the most, followed by Italy, New Zealand and Portugal," the official report highlighted. The official report, however, omitted a central fact: how much foreign currency was generated by these higher exports. The document made public only explains that “the world wine trade has suffered losses during the pandemic period in the total FOB value of more than 2,000 million euros, due to changes in the mode of consumption and the mix of products exported ”. In this sense, he acknowledges that "our country only lost 1.2% (of revenues), while the world average drop is estimated to be 5.8%." At the end of 2019, exports from the wine sector had reached 1,023 million dollars, with a specialization in fractionated wines (70% of the total exported), followed by Concentrated Grape Juice or must, with 14%. It should be noted that in 2020 countries such as Spain, ...
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