🚀 South Australian Wine Exports to China Surge After Trade Restrictions Lifted

Since March, when trade restrictions were lifted, more than $340 million worth of wine has been exported to China. The Malinauskas Government continues to work harder than ever on behalf of the local industry to re-engage with Chinese buyers.

Trade Minister Joe Szakacs will head a delegation to China later this month targeted at high-level business and government meetings to advance South Australian wine, seafood, agribusiness, and technology exporters.

The Details :

The Malinauskas Government has announced a $1.85 million re-engagement package, supporting more than 30 local exporters to take part in the Asia-Pacific tradeshow in Hong Kong this May.

South Australian exporters sold $1.56 billion worth of wine in the 12 months to June, a 20% increase from the previous financial year.

China is the top export market for South Australian wine, worth $343.8 million, ahead of Hong Kong .

South Australian exports surged 19% to represent two-thirds of the nation's $2.3 billion export bill over the past year–$1.6 billion. Local merchandise exports to China soared 55% to new highs.

Why it matters:

The prosperity of South Australian wine exports entails huge ramifications for the state's economy and, indeed, for Australia's export sector as a whole. This export increase is a clear case of the stronger demand that Australian wine experiences from some of the key international markets. This further reiterates the standing of Australia as one of the major players in the world wine trade.

Bottom line:

Such exports are very important to the economy of South Africa and greatly contribute to its export value, especially to China. This surge reflects Australian wine's competitiveness and attractiveness across the world market.