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Australian media: China's tariffs hit Australia's wine industry

 Last Update: 2022-03-02
 Source: Internet
 Author: User

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On February 4, 2022, according to TheAdvertiser website, China imposed tariffs on Australian wines including Hardys, Penfolds and Haselgrove , causing the Australian wine export industry to take a heavy hit in 2021, with a 30% drop in overseas sales and a slightly higher export value at A$2 billion
.
According to the report, in November 2020, political tensions between Australia and China intensified, and China levied taxes on Australian wines, and exports to China suffered as a result.
China was originally the largest single export market for Australian wines, but Australian wines will be exported to mainland China in 2021.
The value of exports fell by almost A$1 billion to just A$29 million
.
In addition, affected by the epidemic, in addition to the Chinese mainland market, Australian wine exports to the United Kingdom, the United States and Canada also fell significantly
.

Chinese wine exports

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