Australia
U.S. Trade with Australia in 2022
Export Market Rank
#19 Among U.S. Agricultural Export Markets
Total Export Value
$1.63 Billion
3-Year Average
$1.62 Billion
Compound Average Growth
-0.48% (2013-2022)
Total Export Value 2013 - 2022
Export Value by Commodity 2022
Top 10 Exports to Australia in 2022
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Dairy Products | $214.02 Million | 55,505 | $159.08 Million | 57% |
| Distilled Spirits | $141.43 Million | --- | $123.16 Million | -6% |
| Pork & Pork Products | $131.3 Million | 35,305 | $202.69 Million | -25% |
| Dog & Cat Food | $125.89 Million | 37,531 | $89.9 Million | 42% |
| Food Preparations | $114.31 Million | 8,217 | $116.94 Million | 21% |
| Fresh Fruit | $92.13 Million | 34,761 | $106.22 Million | -25% |
| Forest Products | $78.3 Million | --- | $105.86 Million | -20% |
| Condiments & Sauces | $57.99 Million | 22,480 | $44.7 Million | 46% |
| Dextrins, Peptones, & Proteins | $54.46 Million | 16,345 | $52.49 Million | -9% |
| Tree Nuts | $51.18 Million | 6,916 | $82.12 Million | -40% |
Data and Analysis
Although Australia is experiencing rising inflation, supermarket and grocery store incomes are benefitting by largely passing the price increases on to customers. Profit margins in supermarkets and grocery stores rose by 4.2 percent in 2022.
Milk production in Australia in 2023 is forecast to decrease by three percent to 8.2 million metric tons (MMT). This is despite generally very good production conditions for 2023, particularly with record milk prices and easing grain and fertilizer prices.
This monthly report includes information on U.S. and global imports of dairy products, including maximum quantities that can be imported under tariff-rate quota licensing.
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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...