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SEPTEMBER AUSSIE WINE EXPORTS TO CHINA JUMPED 150% DUE TO LOOMING TARIFFS

By Siulan Law Mathews DipWSET

28-10-2020



Credit: Paul Teysen/Unsplash

Preliminary data from Australian Bureau of Statistics (ABS) released on Monday showed that wine exports to China shot up 150 percent in September year-on-year, amid reports that Chinese importers had increased orders before Beijing impose punitive tariffs on Australian wines.

Meanwhile, Wine Australia announced that wine exports to China (including Hong Kong and Macau) reached a record AUD1.25billion (USD886.5m) in the 12 months to September 2020.

The wine trade body said the record export value to China represents a 4 percent increase year-on-year.

Wine Australia said total value of exports increased by 23 percent year-on-year in July to September 2020, after declines of 4 percent in the April to June quarter and 7 percent in the January to March quarter.

The staggering 150 percent increase in wine exports to China in September has apparently helped the third quarter recovery.

Australian exporters are treading on thin ice in China since the two countries were caught in trade tension over Australian Prime Minister Scott Morrison’s earlier call for an investigation on China on the origin of the coronavirus.

China’s Ministry of Commerce announced anti-dumping investigation into Australian wine imports on 17 August, it later added an anti-subsidies investigation as well.

The investigations will last 12 months, three Australian wineries including Treasury Wine Estates are taking part in lengthy questionnaires as part of the probe.

Chinese importers thought that Beijing could slap an interim tariff after 60 days of investigation on 18 October as allowed by World Trade Organisation rules. Some believed the tariff could be as high as 200 percent.

No action was taken on 18 October, now importers are looking to 16 November when the three wineries have to submit their questionnaires to the Chinese authority.

Apart from Chinese importers who had increased orders because of looming tariffs, Wine Australia also said that UK importers have also increased wine shipments from Australia to beat the Brexit deadline at end of this year.

(the writer can be contacted at: info@thewinechronicle.com)

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