Australia's food and fibre exports by state value (%).Source: Victorian Food and Fibre Export Performance Report 2024-25, Victoria (DJSIR and DEECA).
“Victoria is an export powerhouse because we recognise trade as a key driver of economic growth,” Minister for Economic Growth and Jobs Steve Dimopoulos said.
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Victoria has again cemented its status as the nation’s leading food and fibre exporter, with a new report showing the state’s agricultural sector reached record export values in 2024-25.
Victoria’s food and fibre exports reached a record $22.1 billion last year, 28 per cent of the national total, making it Australia’s top exporting state.
Victorian Minister for Agriculture Michaela Settle has released the 2024–25 Victorian Food and Fibre Export Performance Report, and said the results reflected the hard work of Victoria’s agricultural industry.
“Behind these results are hard-working farming families and regional communities who continue to adapt and produce world-class products despite tough seasonal conditions,” Ms Settle said.
Victoria’s total exports increased by almost $2 billion on the previous year, surpassing the $20 billion 2030 target for the second year in a row.
Value (%) of Australian meat exports by state 2024-25. Source: Victorian Food and Fibre Export Performance Report 2024-25, Victoria (DJSIR and DEECA).
Meat was the largest exported commodity at $8.2 billion, with gains in beef and sheep meat increasing the state’s national market share from 28 per cent to 30 per cent.
Victoria is the second-largest meat exporting state in the country, behind Queensland, who contribute about 37 per cent.
Other exported commodities also returned strong results, with grain exports totalling about $4.6 billion and dairy at $2.8 billion.
Horticulture had a record year, with exports reaching $1.9 billion.
Top six Victorian exports. Source: Victorian Food and Fibre Export Performance Report 2024-25, Victoria (DJSIR and DEECA).
Top market for select Victorian food and fibre products in 2024-25. Source: Victorian Food and Fibre Export Performance Report 2024-25, Victoria (DJSIR and DEECA).
China still remains the state’s largest customer, with exports totalling about $4.8 billion last year.
Other key markets include the US, Japan, Indonesia and New Zealand.
The Victorian Government has implemented an intentional trade diversification strategy, with almost half of the state’s export income now coming from markets outside these top five countries.
Market Share of Top 5 markets in 2019-20 and 2024-25. Source: Victorian Food and Fibre Export Performance Report 2024-25, Victoria (DJSIR and DEECA).
2024-25 major export markets for Victoria by value. Source: Victorian Food and Fibre Export Performance Report 2024-25, Victoria (DJSIR and DEECA)
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