Australia’s wine sales down by AUS$1 billion in China after tariffs imposed
A year after China implemented swinging tariffs on Australian wine the effect resulted in 93% decline in sales to AUS$29 million, a drop amounting to almost AUS$1 billion.
China implemented tariffs on Australia after Australia called for an open investigation into the source of Covid-19 and was critical of Chinese governments enslavement of Uighur Muslims.
While Australia has a long way to go to replace the lost sales, exports to other countries grew by 7%. Wine Australia general manager corporate affairs and regulation Rachel Triggs said “it would take time to offset the lost trade to mainland China, particularly with the on-going disruption across the on-trade and shipping delays and increase freight costs caused by the global freight crisis.”