Business
Australia’s wine exports top $3bn as trade with China grows, despite allegations of dumping – ABC News
Australian winemakers are celebrating their most lucrative export year in more than a decade, as Chinese drinkers pay more for less wine.
Australian winemakers have reported their most valuable yearly export trade since 2007, with China spending more on a smaller volume of wine.
Key points:
- Australia exported $3 billion worth of wine in the year to September
- China continues to be the most lucrative market for Australian winemakers, despite allegations of dumping
- Wine exports fell earlier in the year due to COVID-19
The latest data from Wine Australia shows exports shrugged off a pandemic downturn to be valued at $2.99 billion in the…
Continue Reading