BUENOS AIRES, Feb. 3 (UPI) -- Argentina's wine industry is undergoing a deep crisis, as long-established wineries face severe financial strain, domestic consumption drops sharply and exports fall to levels not seen in more than two decades.
Iconic producers such as Norton and Bianchi have begun debt renegotiations or turned to legal mechanisms to avoid bankruptcy after accumulating large unpaid obligations. The financial deterioration points to structural problems that affect much of the wine value chain.
The international environment has offered little relief. In 2025, Argentine wine exports totaled 51 million gallons, a year-over-year decline of 6.8% and the lowest volume since 2004.
The United States is Argentina's main export destination and accounts for more than half of the sector's foreign sales.
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