The South Australian (SA) wine sector has overcome high tariffs imposed by China on Australian products due to increased export sales.
The state’s wine export value increased 5% to $1.3 billion (US$907 million) in the 12 months to end October 2022.
The improvement was due to improved sales to the United States, Canada, Malaysia and Thailand.
Trade Minister Nick Champion said it was also encouraging that the state’s total exports to China held steady at $2.2 billion (US$1.5 billion) last year.
Total SA exports will reach $15.9 billion (US$11.1 billion) in 2022, driven primarily by demand for refined metals, wine and meat.
There was strong demand for SA canola in Europe, with sales to France up 595% and sales to Belgium up 182%. This is because both countries, which depended on crops from war-torn Ukraine and drought-stricken Canada, sought alternative supplies.
SA wheat exports also increased by 60% to $2.2 billion. This is supported by new markets in Sudan and South Korea, as well as additions to several existing markets, including China.
Local growers benefited from a 39% rise in wheat prices to $486 (US$339) per tonne.
“Demand for our world-class exports continues to grow, and it’s clear South Australian businesses and producers are capitalizing on that,” said Champion.
“We want to continue building trade relationships with our largest export partners while opening up new emerging markets.
“By opening these partnerships, it will be a big year for local industries and help create jobs.”
Australian Associated Press is an Australian news agency.