Strong demand for Malbec helped Argentina to grow wine exports by value and volume in 2009, official figures show.

Exports of Argentinean wine rose by 9.5% to US$584.5m for the 12 months to the end of December, compared to $534m in 2008.

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Exports rose 4% by volume, show the figures, released today (4 February) by Wines of Argentina.

Consumer demand for Malbec helped Argentina to offset economic recession in key export markets.

Malbec exports rose 20% in value to $231.4m for the year, while exports of Syrah-Malbec wines leapt by 54% to $17.4m. Malbec exports rose 22% by volume.

A growing thirst for Argentinean wines in North America, already the country’s largest region for wine exports, also boosted figures.

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Exports to the US and Canada rose by 30% and 37% respectively in value, which helped to cushion producers against a 9% fall in exports to the UK.

Higher volume sales rises to North America indicates that consumers have traded down on some wines, however.

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