Australian Wine Exports Grow in New Markets, Plummets 96 Percent in China
New data shows that Australia has successfully weathered the storm of Beijing’s economic coercion by finding alternative markets for wine exports, which has seen growth in Europe, the UK, and the United States.
Despite losses in exports to China, Australia still managed to sell $12 million worth of wine into that market between December and March, down significantly from $325 million (US$251 million) the same quarter the previous year.
Industry body Wine Australia’s new report revealed just how large an impact the Chinese Communist Party’s (CCP) onerous tariffs had on Australia’s wine trade to China.