torsdag 4. februar 2021

Brits snap up Australian wine that didn't go to China

Sales of Australian wine to the UK have surged almost 30% in the last year as producers try to overcome crippling taxes on exports to China. Wine producers have ramped up exports to Europe to a 10-year high, with the UK now the number one destination. China increased taxes by a massive 212% in November following a trade spat with Australia which has also affected goods including lobsters and coal.

Wine Australia said the UK sales surge was helped by lockdowns and Brexit. The value of wine exports to Europe climbed 22% last year, while "standout performer" the UK saw shipments jump 29% according to government figures. Wine Australia, a government organisation set up to promote and regulate the wine industry, said demand increased at the start of the coronavirus pandemic and was boosted in the months leading up to Brexit. The sharp rise in sales to Europe helped offset a big slump in exports to China in the last two months of 2020.