Wine report confirms massive Australian glut

More than two billion litres of unsold Australian wine is sitting in storage following a record 2021 vintage and a slump in exports and domestic sales.

Australia's losses from China tariffs in the billions - and counting

China’s decision to slap punitive tariffs on a range of Australian goods has already cost more than $6 billion in lost exports, with Adelaide researchers warning regional South Australia has borne the brunt of the ongoing diplomatic dispute.

Picture: Treasury Wine Estates

Huge slump in wine exports as China tariffs bite

Crippling Chinese tariffs on Australian wine have resulted in the value of exports to its once-biggest customer plummeting from $325 million to just $12 million in the past four months.

Wine exports down as China tariffs hit home

Exports of Australian wine fell by more than $100 million in the last three months of 2020, signalling a tough year ahead for local companies as Chinese tariffs hit hard.