Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Trade

Value of Australian wine exports to China up 7 pct

July 23, 2019


Abstract : Australia has overtaken France as the number one exporter of wine to China by value, according to data released by Wine Australia on Monday.

CANBERRA, July 23 (Xinhua) -- Australia has overtaken France as the number one exporter of wine to China by value, according to data released by Wine Australia on Monday.

According to data, Australian wine exports to China were worth 1.2 billion Australian dollars (845 million U.S. dollars) in the financial year 2018-2019, a 7-percent increase from the previous year.

The growth in value came despite the volume of wine exported from Australia to China falling 16 percent to 154 million liters.

The figure represents 24 percent of all wine imported by China, a significant increase from the 11 percent share of the Australian market in 2015.

Australia's wine exports to all countries were worth 2.86 billion Australian dollars (2.01 billion U.S. dollars) in 2018-2019, a 4-percent increase from 2017-2018.

The average price per liter of exported wine rose 10 percent to 3.58 Australian dollars (2.52 U.S. dollars), the highest level in a decade.

"The strong growth in average value is positive for the wine sector and the broader economy as it lifts returns for wine businesses and flows through to regional economies through higher grape prices," Wine Australia Chief Executive Officer Andreas Clark said in a media release.

The United States was the second biggest market for Australian wine, with the value rising 2 percent to 432 million Australian dollars (304.3 million U.S. dollars), followed by Britain, Canada and New Zealand.

Clark said that the turnaround in the U.S. market "rewards the efforts of the many exporters who are working actively in that market to change perceptions about Australian wines and communicate about the diversity and excellence of Australia's offering."

Scan the QR code and push it to your mobile phone

Keyword: China-Australia wine

Reading:

China's trade with Northeast Asian countries tops 750 bln USD

Spotlight: China-ASEAN trade continues to boom amid global growth slowdown, uncertainties

China Focus: Auto expo shows fierce competition in Chinese market

China promotes cloud computing service safety assessment

Economic Watch: China increases opening-up efforts in credit rating, bond market

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial