Exports to China soar since tariffs lifted

South Australian Business News  •  Economy  •  Trades & Exports
Anthony Caldwell
Monday, August 19th 2024
Shutterstock 2477024391

South Australia’s export market has grown, with shipments to China soaring by 54.7% over the past year. 

This growth pushed the total export value to $4.23 billion, contributing to an overall export figure of $17.56 billion, according to recently released official data.

The resurgence of South Australian wine exports played a pivotal role in this achievement, particularly after China lifted its tariffs. 

Wine exports saw a 20% year-on-year increase, with the 12 months leading up to June seeing exports reach $1.56 billion.

The South Australian Business Chamber will be hosting International Trade expert Professor Peter Draper for a special Business TALKS event at the National Wine Centre of Australia, discussing the current state of global trade cooperation.

China has solidified its position as the leading destination for South Australian wine, accounting for $343.8 million in sales. This was followed by Hong Kong and the United Kingdom, which recorded export values of $251.2 million and $230.5 million, respectively. 

In just three months following the removal of tariffs, South Australian wine exports to China surged to $340 million.

Over the past year, South Australian wine represented two-thirds of the total value of Australia’s wine exports, underscoring its importance in the national market.

The South Australian Business Chamber offers a range of international trade and export services, including Certificate of Origin Documents, Translation and Migration Services. 

For more information, click here.

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