Wine companies in Australia may have hit a barrier in getting bottles to China because of excessively tariffs, exports to Hong Kong are booming.
Shipments to the city rocketed 111% in the 12 months ended June 30, to A$187 million ($136.7 million), according to the latest data from Wine Australia. That compares with a steep 45% drop in exports to mainland China.
The Hong Kong market still pales in comparison to the mainland, and China remains the largest wine market for Australia by value. But Hong Kong has now jumped to the Number 4 position, up three pints from a year earlier.