Australian wine exports surge despite Covid and China’s tariff threat
Australian wine exports surged 4% on steady global demand in the 12 months ended in September amid a pandemic and tariff threats from its most profitable market – China.
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Australian wine exports surged 4% on steady global demand in the 12 months ended in September amid a pandemic and tariff threats from its most profitable market – China.
China’s wine imports in the first nine months of the year continued a worrying double-digit slide, but rush for importers to stockpile Australian wine before punitive tariffs hit resuscitated imports in September.
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The average value of Australian wines exported reached its highest level of the past 15 years, but its total value saw a slight dip of 1% for the 12 months ended in June this year, due to social distancing measures enforced globally to contain coronavirus pandemic.