By: Editorial Team
January 3, 2008
Wine exports from Argentina in the first 11 months of 2007 registered a healthy lift on a year earlier, according to recent figures.
A report from the National Institute of Statistics and Census of Argentina (INDEC) yesterday (2 January) said that exports of wine from the country between January and November hit US$496m, a rise of $111m on the same period in 2006.
Exports to the US and Brazil, two of Argentina's main markets, leapt by 40% year-on-year, the institute said. The five largest exporters were Penaflor, Esmeralda, Trivento, La Agricola and Norton.
Since 2003, wine exports have risen by an average of 30%, with wine companies in the country targeting exports of $900m by 2010.
Last year, the Corporacion Vitivinicola Argentina forecast that wine exports in 2007 would break the $400m barrier, based on a 37% climb in exports for the first seven months of the year.
Argentina is the fifth largest wine producing country in the world.
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