Australian agricultural exports grow to $80bn thanks to high rainfall
by Gabrielle Chan from Economics | The Guardian on (#6EN8V)
China the largest growth market for agricultural exports for the second year in a row in 2022-2023, led by a 66% increase in wheat exports
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Australian agricultural exports have grown by $12.5bn to $80bn due to higher-than-average rainfall and high commodity prices, a new report has found.
The Rural Bank's Australian agricultural exports report for 2022-2023 stated that China led Australia's top export market for annual growth, followed by Japan and the United States, with total agricultural export values almost 50% above the five-year average.
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