Wine Australia has said 2015 wine exports from the country rose by 14%

Wine Australia has said 2015 wine exports from the country rose by 14%

Australia's wine exports hit their highest value level for eight years in 2015, according to official figures released earlier today.

Exports in value terms during the 12 months of last year leapt by 14% year-on-year to AUD2.1bn (US$1.4bn), trade organisation Wine Australia has announced. The performance means that value exports are currently at their highest point since October 2007.

In volume terms, exports were up by 6.4% to 744m litres. 

For the first time, exports grew in all of Australia's top 15 markets, according to the trade body. China saw the strongest growth, with a 66% increase to AUD370m. The US, the largest export market, with a value of AUD443m, delivered a 4% lift in 2015. The UK, Canada and Hong Kong make up the top five export markets. 

Wine Australia also reported 35% value growth in wines above AUD10 per bottle, while wines below AUD2.49 saw 3% growth. 

In December, Australia's postal service, Australia Post, outlined plans to help small wineries export wine to China in a new B2B partnership with e-commerce group Alibaba.