VICTORIA remained Australia’s largest exporting state, according to Bendigo Bank’s Australian Agricultural Exports Report 2024-2025 released on Tuesday.
The report said there was an 11.1 per cent rise to a record $21.1 billion of agricultural exports out of Victoria as substantial cattle (+$1.3 billion), dairy (+$242 million) and horticultural (+$471 million) exports more than offset a $369 million decline in the value of cropping exports.
The value of Australian agricultural exports surged $5 billion to $77.2 billion with growth driven by a boom in the value of red meat exports to all-time highs. The strong result for the agricultural sector comes amid the backdrop of a rapidly shifting global environment driven by ongoing efforts by the US to reshape trade.