China’s top 10 wine importing countries in 2017

No. 8 South Africa 

Value: US$24.45 million

Volume: 8.1 million litres

Ranking by value: No. 8

Ranking by volume: No. 7

Overall, 2017 hasn’t been a good year for South African wines in the mainland market. Its wine exports to China dropped by 29.71% over 2016 to US$24.45 million, and its export volume saw a double digit decrease as well, decreasing by 15.48% to 8.12 million litres.

We fear the country’s exports to China are not going to pick up in 2018, as it could face the smallest crop in more than 10 years because of a persistent drought, where its harvest could plunge as much as 50%, reported Independent Online.

One Response 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

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