Key highlights from Victoria’s food and fibre export performance, including downloadable and accessible Summary and Data Reports, and an Interactive Export Data Dashboard.

About the Victorian Food and Fibre Export Performance Summary

For more than a decade,  the Victorian Food and Fibre Export Performance Summary has been an annual publication. It serves as a key reference document for industry and government, focusing on the export performance of agricultural commodities and food products.

The export data is used by industry to understand market trends and emerging issues, and by the Victorian Government to guide policy and program development work.

The Victorian Food and Fibre Export Performance Summary is presented across 2 reports:

  • A Summary Report highlighting Victoria’s food and fibre export performance in the 2023-24 financial year.
  • A Data Report comprising five years of data to 2023-24 on Victoria’s industry and regional export performance to ensure continuity with the historical data provided from previous Food and Fibre Export Performance reports.

How is the data presented?

The 2023-24 Victorian food and fibre export data is presented in a format to highlight Victoria’s food and fibre export outcomes and is aggregated by state of origin as opposed to state of loading.

State of origin is based on statistics compiled by the Australian Bureau of Statistics (ABS) to identify the Australian State in which the final stage of production or manufacture occurred (ABS 5489.0 - International Merchandise Trade, Australia, Concepts, Sources and Methods).

Volumes throughout the report are shown in gross weight (‘000 tonnes). Unless otherwise specified, dollar values quoted in this report have been rounded to the nearest million, or to the nearest single decimal place where expressed in billions. Dollar values are nominal.

Figures in the product category tables have also been rounded, resulting in some total Victoria values being slightly different to the aggregate product and item totals in each table.

Download a copy of the reports

The Interactive Export Data Dashboard

An interactive export data dashboard is also available to analyse Victoria’s export data by manually selecting dates, products and/or markets.

Use the dashboard to explore Victoria's export performance by destination country, market, industry and product. Each tab in the dashboard (Destinations, Markets, Export Explorer) provides instructions on how to view and filter the data.

Please note: the web page takes a few moments to load the data.

Victoria's food and fibre export performance highlights 2023-24

In 2023‑24 Victoria has maintained its position as Australia’s largest food and fibre exporter by value, accounting for 27% of the national total.

Victoria's food and fibre exports by industry value for 2023-24

Victoria exports its food and fibre products across the world.

Top markets for select Victorian food and fibre products 2023‑24

Top markets for select Victorian food and fibre export products in 2023-24

Victoria’s strong export performance in 2023-24 demonstrated that the remarkable recovery seen in 2022-23 was not a one-off event.

Export volume and value are closely tied to production levels within the state. A strong performance across multiple industries, combined with favourable prices, played a key role in this year’s results.

Exports have become more geographically diverse, reflecting the re-establishment of competitive supply chains to distant markets such as the USA, Japan, India, and China. The combined export value to these four markets grew by 10% totalling $9.4 billion (accounting for 46% of total exports), while exports to Southeast Asia contracted by 2%. Despite this, the region still accounted for 22% of Victoria’s total food and fibre exports.

Other disruptions also influenced this trend, including trade sanctions on Russia and transport challenges in the Black Sea region, which impacted exports and led to shifting global trade dynamics with new trading arrangements developing trade partners.

Looking ahead, political instability and conflicts could continue to affect Victoria’s exports to key trade partners in 2024-25 and beyond. The Victorian Government’s international network will continue to identify new growth opportunities for Victoria’s exporters and provide support to adapt to changes in market access and consumer demand.

Market share of top five markets in 2019-20 and 2023-24

Market share of top five markets in 2019-20 and 2023-24

Notable Export Achievements for Victoria in 2023-24

South Asia has grown in value for Victorian exports every year since 2020.

  • The United States has now become Victoria’s second most valuable export market, driven by a 42% increase in meat exports in 2023-24 compared to the previous year.
  • China remains the dominant market for Victoria, serving as the top destination for our grain, dairy, horticulture, seafood, animal fibre, and skins and hides exports
  • Exports to the MENA region grew by 5% in 2023-24, despite a 24% decline in the UAE, the region’s largest market. Iran helped offset this drop, becoming the fourth-largest market in the region with a significant increase in meat imports from Victoria, valued at over $160 million.
  • Exports to South Asia rose by 33%, driven by strong growth in the three key markets of India, Bangladesh and Pakistan
  • The United States has overtaken Japan to be Victoria’s second largest market. Despite this shift, exports to Japan still rose by 11%, largely due to a one third increase in Victoria’s meat exports to this destination.

Download a copy of the Victorian Food and Fibre Export Performance Summary 2023-24

Global Victoria - Connecting Victoria's Food and Fibre Businesses to the World

At Global Victoria, we're passionate about inspiring global possibilities for Victorian food and beverage businesses. If you're planning to take your agricultural innovation global, connect with us today to explore how we can help you on the export journey.