The state’s wine exports rose five per cent in the 12 months to the end of October last year to $1.3 billion.
The improvement came on the back of improved sales to the US, Canada, Malaysia and Thailand.
Trade Minister Nick Champion said it was also encouraging that the state’s total exports to China had stabilised to be worth $2.2 billion last year.
SA’s total exports hit $15.9 billion in 2022, largely driven by demand for refined metals, wine and meat.
There was strong demand for SA canola in Europe with sales to France jumping by 595 per cent and to Belgium by 182 per cent, as both countries looked for alternative supplies after previously relying on crops from war-torn Ukraine and drought-affected Canada.
SA’s wheat exports also rose by 60 per cent to $2.2 billion, fuelled by new markets in Sudan and South Korea as well as increases to several existing markets including China.
Local producers benefitted from a 39 per cent surge in wheat prices to $486 per tonne.
“It’s clear demand for our world-class exports continues to grow and South Australian businesses and producers are taking advantage,” Mr Champion said.
“We want to keep building trade ties with our biggest export partner while tapping into new and emerging markets.
“Opening up these partnerships will ensure a big year for local industries and help create jobs.”
-with AAP
