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WINE EXPORT DROP

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Trade tensions between Australia & China are now evident in the wine sector with exports down in the past 12 months.

The latest wine Australia export report showed that exports were down 10% to mainland china in value, and 5% in volume.

Wine Australia General Manager Corporate Affairs and Regulation Rachel Triggs said the key factors in the declines were the downturn in exports to mainland China following the imposition of tariffs[1] and the cumulative effects of three consecutive lower vintages in 2018, 2019 and 2020 which meant there was less wine available to export.

In some positive news for Australian wine exports UK exports soared, up by 23% in value.

The Riverland produces ¼ of Australia’s wine, with a significant amount exported each year.

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