Argentine wine exports to the United States surpassed those of neighboring Chile in 2010 by almost $12 million dollars.
The total sales of Argentine wine to the entire world exceeded $860 million last year, a 12% increase from 2009. The bad weather ruined the nation’s harvest and forced Argentina to import Chilean wine to meet their domestic demand.
Argentina, who proclaimed wine their national beverage last November is now the fourth, supplier of wine to the U.S. behind Italy, France and Australia.
“The recession in the U.S. made people stop consuming European wines, and the search for “other options” led them to Argentina’s Malbec variety,” said wine expert Jose Zuccardi.