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The Guardian - AU
The Guardian - AU
National
Gabrielle Chan

Australian agricultural exports grow to $80bn thanks to high rainfall

Australia China Andrew Smith Rural Bank
The Rural Bank report shows Victoria remains the largest agricultural exporter in Australia by value.
The Rural Bank report shows Victoria remains the largest agricultural exporter in Australia by value. Photograph: William West/AFP/Getty Images

Australian agricultural exports have grown by $12.5bn to $80bn due to higher-than-average rainfall and high commodity prices, a new report has found.

The Rural Bank’s Australian agricultural exports report for 2022-2023 stated that China led Australia’s top export market for annual growth, followed by Japan and the United States, with total agricultural export values almost 50% above the five-year average.

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