A new report shows Victoria is Australia’s flagbearer for international food and fibre sales, with booming exports boosting jobs and putting the state within reach of achieving a strategic goal years ahead of schedule.
Minister for Economic Growth Tim Pallas today visited Remedy Drinks in Dandenong South to release the 2022-23 Food and Fibre Export Performance Report, which shows Victoria is Australia’s largest food and fibre exporter by value – accounting for 24 per cent of the national total.
In another stellar year for Victorian farmers and food manufacturers, the state achieved an increase of 7 per cent in export value, taking the total to a record $19.6 billion.
That is just shy of the Victorian Government’s ambitious target of reaching $20 billion a year in food and fibre international sales by 2030, pledged in the 2020 Agriculture Strategy when sales stood at $14.5 billion.
Grain was our largest export in 2022-23, increasing by 26 per cent to reach $5.6 billion in value, while meat was the second largest at sector $4.5 billion.
Acting minister for agriculture Harriet Shing, said, “these results are a testament to the world-leading farmers and producers who deliver premium produce to pantries around the globe.”
The state’s trade agency Global Victoria has supported Remedy’s growth – the company took part in three trade missions last year including the China International Import Expo where it was one of 49 Victorian exhibitors.
Food and fibre exports increased in the majority of Victoria’s key markets in 2022-23, led by China, Japan and the US, and inroads continued to be made in other strategic markets including Singapore, South Korea and Indonesia.
The results highlight the global standing of Victoria’s high-quality, safe and sustainable produce and the ability of our farmers and food manufacturers to innovate and seize new market opportunities.
Food and fibre sales represent more than one-third of Victoria’s overall exports, which help to support 330,000 jobs across the state. Victoria’s network of 23 international Trade and Investment Offices and trade mission program help local exporters gain access and contacts in key markets.