Argentina, renowned for its rich cultural heritage and agricultural prowess, has established itself as a significant player in the global tea trade. In 2021, Argentina exported tea valued at $78.7M, positioning itself as the 17th largest exporter of tea worldwide. While tea ranked as the 91st most exported product from Argentina in that year, its prominence in Argentina’s trade landscape is evident.
Argentinian Tea Exports
The United States emerged as the top destination for Argentinian tea exports, importing tea worth $53.9M from Argentina. Chile followed with $4.77M, Germany with $3.68M, Poland with $3.65M, and Russia with $2.76M. These destinations signify the global appeal and demand for Argentinian tea.
Notably, the fastest-growing export markets for Argentina’s tea between 2020 and 2021 were the United States, with a substantial increase of $2.45M, followed by Vietnam with $380k, and Russia with $367k.
|Asia||United Arab Emirates||30,002|
|Europe||Bosnia and Herzegovina||2,402|
|North America||Cayman Islands||229|
|North America||Dominican Republic||15,888|
|North America||United States||53,890,851|
Tea Imports in Argentina
In 2021, Argentina imported tea valued at $2.77M, positioning itself as the 118th largest tea importer globally. Although tea ranked as the 732nd most imported product in Argentina that year, its import trends indicate a growing demand for a diverse range of teas within the country. Argentina primarily imports tea from China, Sri Lanka, Germany, Poland, and Tanzania. China held the largest share, accounting for $1.27M in tea imports, followed by Sri Lanka and Germany with $346k each, Poland with $303k, and Tanzania with $168k.
Notably, between 2020 and 2021, China witnessed significant growth in tea imports by Argentina, with an increase of $247k. Sri Lanka followed suit with a notable increase of $227k, while Poland experienced a rise of $125k.
|North America||United States||136,191|
Potential Of Tea Import and Export Between Vietnam-Argentina
While the bilateral trade between Vietnam and Argentina may not currently reach significant levels, it is worth noting that Argentina’s tea imports in 2021 amounted to a total value of $228. Recognizing this, it becomes evident that Vietnam, as a global leader in tea production and export, has immense potential to collaborate with Argentina in introducing Vietnamese tea to the Argentina market in the foreseeable future.
Tariffs and Trade Dynamics
In 2018, the average tariff for tea imports in Argentina was 9.59%. Argentina maintains import tariffs to protect domestic tea production and support local industries. The countries with the highest import tariffs for tea in Argentina were Angola, Burundi, Benin, Burkina Faso, and Botswana, each applying a Most Favoured Nation duty rate treatment of 10%.
Argentina’s tea industry continues to grow, solidifying its position as a significant exporter and importer in the global tea trade. With a strong focus on quality and a diverse range of tea offerings, Argentina’s teas have captured the attention of consumers worldwide. As Argentina expands its tea exports to existing and emerging markets, the industry is poised for further growth. Additionally, Argentina’s growing imports reflect the evolving preferences and expanding tea culture within the country. As Argentina continues to navigate the global tea trade, it will play a pivotal role in shaping the industry’s dynamics and furthering the appreciation of tea among tea lovers around the world.