The Agulhas Current plays a major role in heat and salt exchange between the Indian and Atlantic Oceans, yet little is known of its influence on ocean fertility. To investigate carbon production and export potential in the Agulhas Current system, we measured net primary production (NPP), nitrate and ammonium uptake, N2 fixation, and nitrification along a transect of the current and adjacent subtropical subgyre (33.4°S–35.7°S) in winter when nutrient supply, and thus productivity, should be highest. Phytoplankton biomass was lowest in the current core, increasing into the subgyre as surface nitrate declined, and was dominated by nanoplankton (2.7–10 μm; 62 ± 5.1% of total biomass). NPP and nitrate uptake were generally high across the transect and increased from the current core into the subgyre; the rates were dominated by picoplankton (<2.7 μm; 53–93%) in the current core and nanoplankton elsewhere (63–69%). On average, euphotic zone nitrification supplied 7.6 ± 6.4% of the nitrate consumed by phytoplankton and N2 fixation was also low (2.1 ± 1.3% of new production); we thus consider nitrate uptake a reasonable proxy for new production, at least in winter. Nitrate uptake was highest at the southern edge of the current core, consistent with current-associated (sub)mesoscale mixing enhancing the upward nutrient supply. The fraction of NPP available for export (i.e., the f-ratio) was high across the transect, ranging from 0.44 to 0.69. Our data thus indicate that both total and new production are elevated across the Agulhas Current system in winter and suggest that the (sub)mesoscale dynamics associated with the current system may enhance carbon production and export in the otherwise oligotrophic southwest Indian Ocean.