According to The Australian Financial Review, Australia's wine exports climbed by 10 per cent to $2.82 billion wine in calendar 2018, with red wine varieties growing the fastest to now make up 76 per cent of the total.
The strong growth of the Penfolds and Wolf Blass brands owned by $11 billion ASX-listed Treasury Wine Estates into China helped push total exports into that country ahead by 18 per cent for the year to $1.14 billion, even though the pace of growth has been slowing in the past few months.
Australia has 2,543 wine companies exporting to various destinations, with growth experienced in seven of the top 10 export markets, figures released by industry body Wine Australia revealed. Red wine exports jumped by 12 per cent to $2.14 billion, while white wine was up by 12 per cent to $607 million.
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