China’s top 10 wine importing countries in 2017

No. 2 Australia 

Value: US$682.4 million

Volume: 105.7 million litres

Ranking by value: No. 2

Ranking by volume: No. 2

China has undoubtedly grown to be Australia’s greatest growth engine. In 2017, both Australia’s export volume and value growth were in double digits. China imported 105.7 million litres of wines worth more than US$682.4 million from Australia, up 33.2% in volume and 25.77% in value. Despite still trailing France, Australia’s average wine export price to China is higher than France’s US$4.82 per litre at US$6.45 per litre, in line with an earlier report by Wine Australia.

In January this year, China has further reduced import tariff on Australian wines based on the two country’s FTA agreement, which would give impetus for its wine exports. In 2019, the two countries would completely scrap import tariff on Australian wines. 

2 Responses to “China’s top 10 wine importing countries in 2017”

  1. These figures are impressive, but for clarity sake, I would like to have a better understanding. I reckon the figures are in US$.
    Now, if we divide the value $2.800.000.000 by the quantity L 746.000.000 it equates to 3.75US$/L => about $2.81 per 0,75 bottle (do we have any idea of the volume in bulk?) in any event it sounds extremely low. I guess the value is calculated on the basis of the purchase price EXW and does not include CIF + Import duties.
    Could you confirm my calculation is correct?
    thanks
    mdz

  2. Flora says:

    BOTTLED WINE,total import volume is 552,150,530 L in 2017, value $2,554, 672,316, avg price $4.63.
    BULK WINE 180,573,280 L, value $158,889,553.avg price $0.88

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