Trade
Australian Wine Exports Slump 11% as China Tariffs Crimp Demand
- China shipments fell 92% in year to Sept. 30: Wine Australia
- Exports stable overall to other markets, despite headwinds
This article is for subscribers only.
China tariffs, global freight snarls and changing consumer habits during the pandemic have caused an 11% slump in the value of Australian wine exports in the year to Sept. 30.
Wine exports declined to A$2.01 billion ($1.3 billion), data from government marketing and research body Wine Australia show. The decline was largely driven by a 92% drop in exports to mainland China, following almost two years of sky-high tariffs which effectively shut the market to Australian shipments.