South Australia’s wine sector has overcome the excessive tariffs imposed on Australian merchandise by China with a rise in export gross sales.
The state’s wine exports rose 5 per cent within the 12 months to the tip of October final 12 months to $1.3 billion.
The enchancment got here on the again of improved gross sales to the US, Canada, Malaysia and Thailand.
Trade Minister Nick Champion stated it was additionally encouraging that the state’s whole exports to China had stabilised to be value $2.2 billion final 12 months.
SA’s whole exports hit $15.9 billion in 2022, largely pushed by demand for refined metals, wine and meat.
There was robust demand for SA canola in Europe with gross sales to France leaping by 595 per cent and to Belgium by 182 per cent as each nations seemed for various provides after beforehand counting on crops from war-torn Ukraine and drought-affected Canada.
SA’s wheat exports additionally rose by 60 per cent to $2.2 billion, fuelled by new markets in Sudan and South Korea in addition to will increase to a number of present markets together with China.
Local producers benefitted from a 39 per cent surge in wheat costs to $486 per tonne.
“It’s clear demand for our world-class exports continues to grow and South Australian businesses and producers are taking advantage,” Mr Champion stated.
“We want to keep building trade ties with our biggest export partner while tapping into new and emerging markets.
“Opening up these partnerships will guarantee a giant 12 months for native industries and assist create jobs.”
