Australia’s wine sector is seeing “early signs” of success at finding alternative markets to China following the imposition of hefty tariffs on exports, a move that has triggered a major reshuffle of top wine suppliers. “Australia was the top wine importer to mainland China before the tariffs were introduced and as other wine producing nations move to fill the gap, there is further opportunity for Australian wines in the markets these nations were previously sending wine to,” Wine Australia told The Epoch Times in a statement. In early February, the industry body released figures showing that Australian wine exports made significant gains in Singapore (up 108 percent to AU$166 million), Hong Kong (up 45 percent to $191 million), South Korea (up 74 percent to $47 million), Taiwan (up 65 percent to $31 million), and Thailand (up 31 percent to $28 million). Since Australian wine exports to China were slapped with …
Australian Exporters Capitalise on Musical Chairs in Chinese Wine Market
February 10, 2022
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