Annual analysis report on Australian agricultural trade.
Australian agriculture trade report 2021
Rural Bank has released its agricultural outlook for the second half of 2021. The report analyses the performance of six industries.
Australian agricultural exports were worth $49.6 billion in 2020/21, a decline of 0.8 per cent from the previous year. Most commodities recorded a decline in value due to the challenges arising from the impacts of COVID-19 and restrictions on trade to China. However, an exceptional season drove a $5.6 billion increase in the value of cropping exports and dairy recorded a fourth consecutive year of growth with a 7.3 per cent rise in value.
China remained Australia’s most valuable export market despite a 26.2 per cent decline in export value in 2020/21. Agricultural exports are expected to rebound over the year ahead with growth across most commodities expected to drive a new record high export value.