Australian wine exports surging

Australian wine exports have hit a record high with China remaining the most lucrative market, thanks to falling import tariffs and China's growing interest in wines from different regions.

In the 2017-18 financial year, the total value of Australian wine exports rose 20 percent to A$2.76 billion ($2.05 billion), while the total volume of wine exported rose 10 percent to 852 million liters, according to data from Wine Australia.

Exports to China were worth A$1.12 billion, or 40 percent of the total export value, a 55 percent increase from the previous year.