Victoria's export performance
Despite the challenges Victorians have experienced due to the ongoing coronavirus (COVID-19) pandemic, the state is still on track to reach its target to grow food and fibre exports to $20 billion by 2030.
Victorian food and fibre accounts for over 28 per cent of Australian food and fibre exports.
Victoria’s total food and fibre exports were valued at $14.5 billion in 2019–2020. This is up two per cent on the previous financial year:
- Meat is Victoria's largest value export at $4.7 billion up 14 per cent on the previous year.
- Victoria is the largest national exporter of dairy with 77 per cent of Australia’s dairy exports coming from within the state.
The food and fibre sector is an important economic driver for Victoria. It contributes an estimated 5.9 per cent to Victoria’s Gross State Product (GSP) and employs 6.4 per cent of the workforce.
A key strength of the sector is its diversity, with several industries doing very well in 2019–20.
The highest value markets in 2019–20 were:
- For meat exports – USA at $1.1 billion, up 14 per cent on the previous year.
- For horticulture exports – China at $646 million, up 14 per cent on the previous year.
- For wine exports – China at $176 million.
Exports increased in:
- Beef – up 28 per cent.
- Citrus fruits – up 9 per cent.
- Table grapes – up 12 per cent.
Exports to Singapore increased by 15 per cent and exports to South Korea increased by 13 per cent.
Download the Victorian food and fibre export performance 2019–20 report: