China still top market for farm exports

Cotton exports increased more than 200 per cent in the year, while prices rose 16 per cent. (Dave Hunt/AAP PHOTOS) (AAP)

China remains Australia's most lucrative export market for farmers despite ongoing trade restrictions, while almost every state hit new records.

The latest insights from Rural Bank's agricultural trade report for 2021/2022 found Australia's agricultural exports hit a record high of $67.5 billion, up 37 per cent from the previous year.