Australia
U.S. Trade with Australia in 2023
Export Market Rank
#18 Among U.S. Agricultural Export Markets
Total Export Value
$1.49 Billion
3-Year Average
$1.48 Billion
Compound Average Growth
-1.18% (2014-2023)
Total Export Value 2014 - 2023
Export Value by Commodity 2023
Top 10 Exports to Australia in 2023
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Pork & Pork Products | $247.01 Million | 70,615 | $209.8 Million | 36% |
| Dairy Products | $179.2 Million | 45,294 | $163.53 Million | 3% |
| Distilled Spirits | $138.56 Million | --- | $122.05 Million | 5% |
| Food Preparations | $94.88 Million | 7,194 | $117 Million | -32% |
| Dog & Cat Food | $89.36 Million | 27,498 | $90.12 Million | 3% |
| Fresh Fruit | $85.09 Million | 30,507 | $102.13 Million | -34% |
| Processed Vegetables | $58.76 Million | 40,299 | $62.24 Million | -13% |
| Other Intermediate Products | $51.59 Million | 25,460 | $41.11 Million | 5% |
| Baked Goods | $50.62 Million | 16,635 | $49.15 Million | -13% |
| Dextrins, Peptones, & Proteins | $45.66 Million | 13,084 | $51.07 Million | -1% |
Data and Analysis
Australia’s sugar production is forecast to increase to 4.2 million metric tons (MMT) in marketing year (MY) 2024/25 from an estimated 4.1 MMT in MY 2023/24. This increase is due to an expected rise in sugar cane crush to 30.5 MMT in MY 2024/25, from an estimate of 29.8 MMT in the previous year.
Australian oilseed production, dominated by canola, is expected to be strong for the fourth successive season during the marketing year (MY) 2024/25. If realized, canola production of 6.5 million metric tons (MMT) would be 14 percent above the previous year’s estimate and the third largest on record.
Food Standards Australia and New Zealand (FSANZ) have updated the laws on allergen labeling for foods sold throughout Australia and New Zealand. The new allergen labeling laws are called PEAL – Plain English Allergen Labelling.
News and Features
Australia, Canada, Japan, New Zealand, the Republic of Korea, and the United States issued a joint statement following the conclusion of the 2022 APEC Food Security Ministers Meeting hosted by Thailand.
The Agriculture Innovation Mission (AIM) for Climate will increase and accelerate global innovation research and development on agriculture and food systems in support of climate action.
Seven USDA-led Agricultural Trade Missions are scheduled for next year in continuing efforts to increase export opportunities. USDA Radio’s Rod Bain talks to Under Secretary for Trade and Foreign Agricultural Affairs Ted McKinney about the 2020 trade...