Exports to China reached a record $4.43 billion in the 12 months to October, a 45% increase from the previous year, according to the latest Australian Bureau of Statistics data.
This surge in exports to China has helped keep South Australia’s total annual exports above $17 billion. The state has also seen strong growth in exports to other key markets, including the United States and India, with both countries experiencing steady increases in trade.
A major contributor to this growth has been wine exports to China, which have soared since tariffs were lifted less than a year ago. Wine exports to China have now topped $550 million, a huge jump from just $2.8 million the previous year. This growth shows the positive effect of removing trade barriers on South Australian industries.
Copper continues to be SA’s highest value export to China, with a 19% increase bringing the total to a record $985 million over the past year. Additionally, barley exports to China have surged, climbing fivefold to reach $556.8 million.
Exports to the United States and India have also shown strong growth. Exports to the US grew by 30%, reaching $2.08 billion, while exports to India increased by 4%, totalling $1.11 billion. Beef exports to the US have seen a rise, growing by nearly 352% from $59.8 million to $270.4 million. Overall, global beef exports more than doubled, jumping from $208.9 million to $513.8 million.
The strong export results come as Adelaide hosted the Australia-India Test Series over the weekend. During the event, the State Government held high-level meetings with Indian delegations to discuss new trade and investment opportunities in areas like food, wine, agribusiness, technology, and space – all key sectors for South Australia’s future growth.
“For 21 months in a row our state’s rolling year exports have exceeded $17 billion, which has consistently supported jobs and opportunities for South Australians,” South Australian Minister for Trade, Joe Szakacs, said.
“Our top three trading partners together represent more than $7.5 billion in export value, so to see growth in all those markets is a tremendous result in what is a challenging global climate.”
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