Total value of agricultural exports from Australia FY 2016-2024
In fiscal year 2023, Australia was projected to export agricultural products, including crops and livestock, worth approximately 78.4 billion Australian dollars. It was forecasted that this figure is likely to decline to around 67.16 billion Australian dollars in financial year 2024.
Crop industry in Australia
The crop industry in Australia plays a vital role in the country's agricultural sector, contributing significantly to both domestic production and exports. In fiscal year 2023, it was projected that the value of Australia's crop exports would exceed 50 billion Australian dollars. Australia is one of the leading wheat producers worldwide. In fiscal year 2022, wheat crop production surpassed 36 thousand kilotons, doubling the production volume from fiscal year 2020. To meet the growing demand, the industry is adopting innovative technologies and sustainable farming practices to improve efficiency and reduce waste. The government provides support through subsidies and investment in research and development, ensuring the industry remains competitive.
Livestock production in Australia
Livestock production is a major industry in Australia's agricultural sector. In fiscal year 2023, the production value of livestock in Australia was projected to reach 25 billion Australian dollars. The industry not only supports the local market but also contributes to international trade, making Australia a major player in the global livestock market. With a value of 8.4 billion Australian dollars in fiscal year 2021, beef and veal were Australia's top agricultural exports. Overall, Australia's livestock exports were projected to reach 27.5 billion Australian dollars in fiscal year 2023. In addition to its economic impact, the industry also actively focuses on sustainable practices.
