31 August 2020 |Trade
Trade annual review 2019-2020
Australian agricultural exports hit $50 billion despite drought and pandemic.
Australia exported $50.1 billion worth of agricultural produce in 2019/20, the second highest year on record despite a year-on-year decline of $601.4 million.
China continued to be the major destination for Australian produce, accounting for 30.3 per cent of the total value. Australia’s top five export markets were China, Japan, the United States, South Korea and Indonesia.
All states except Western Australia recorded export growth in 2019/20, with Tasmania exporting more than $1 billion in value for the first time.
Livestock experienced the largest growth rate in 2019/20, with the value of cattle industry exports increasing by 16.6 per cent (+$2 billion) and sheep increasing 3.3 per cent (+$141.7 million).
Other growth industries include cropping with an increase of 2.4 per cent (+$180.7 million), dairy at two per cent (+$50.6 million), sugar at 9.8 per cent (+$149.8 million) and fruit at 11.1 per cent (+$154.2 million).
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