South Australia ships $558 million of wine to China

Published 2024년 12월 6일

Tridge summary

South Australian wine exports to China have seen a significant increase, with $558 million worth of wine exported in the 12 months to October, following the removal of import tariffs in April. This represents over 99 percent of total sales in the seven months post-tariff removal. The state's wine exports exceeded $1.7 billion for the year to October, marking a 38 percent increase from the previous year. China is now the state's second-largest wine export market, valued at $237 million, showing more than 30 percent growth. The South Australian Government has supported the return of Chinese wine buyers to meet with wineries, facilitating the strengthening of relationships and promoting premium wines to Chinese consumers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Half a billion dollars’ worth of South Australian wine has been exported to China in just seven months following the removal of import tariffs in April. This is according to the latest ABS figures. Trade and Investment Minister Joe Szakacs said South Australian exporters sold $558 million of wine to China in the 12 months to October. More than 99 percent of those sales occurred in the seven months since Chinese tariffs were lifted. Wine exports from the state to all markets exceeded $1.7 billion in the year to October, up 38 percent on the previous year. South Australian sales contributed two-thirds of the $2.5 billion exported by Australian producers. This includes a more than 30 percent growth of the state’s second-largest wine export market, Hong Kong, now valued at $237 million. The South Australian Government has facilitated the return of Chinese wine buyers to South Australia this week. They met with representatives from more than 70 wineries across eight different South ...

Source: Wbmonline