2022
Exports
$6.53BWorld Rnk 28 / 226
Flag Rnk 8 / 21
2022
PRODUCT COMPLEXITY IN Foodstuffs
0.45Rnk 385 / 1025
2022
Imports
$11BWorld Rnk 15 / 226
Flag Rnk 9 / 21
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $6.53B in Foodstuffs, making it the 28th largest exporter of Foodstuffs in the world. At the same year, Foodstuffs was the 8th most exported product in Australia. The main destination of Foodstuffs exports from Australia are: New Zealand ($1.03B), China ($800M), Japan ($784M), United States ($670M), and South Korea ($608M).

The fastest growing export markets for Foodstuffs of Australia between 2021 and 2022 were Japan ($119M), United States ($74.3M), and Canada ($25M).

Imports In 2022, Australia imported $11B in Foodstuffs, becoming the 15th largest importer of Foodstuffs in the world. At the same year, Foodstuffs was the 9th most imported product in Australia. Australia imports Foodstuffs primarily from: New Zealand ($1.32B), United States ($964M), Thailand ($941M), China ($815M), and Singapore ($672M).

The fastest growing import markets in Foodstuffs for Australia between 2021 and 2022 were Argentina ($352M), Thailand ($183M), and United States ($127M).

COMPANIES In 2023, leading companies such as Pernod Ricard (112), JBS Foods (66), and Gallo Family Vineyards (39) were at the forefront of shipping Foodstuffs from Australia to the United States.

Latest Trends

Nov 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Foodstuffs. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.53B
IMPORTS (2022)$11B
NET TRADE (2022)-$4.48B

In 2022, Australia exported $6.53B in Foodstuffs. The main destinations of Australia exports on Foodstuffs were New Zealand ($1.03B), China ($800M), Japan ($784M), United States ($670M), and South Korea ($608M).

In 2022, Australia imported $11B in Foodstuffs, mainly from New Zealand ($1.32B), United States ($964M), Thailand ($941M), China ($815M), and Singapore ($672M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Foodstuffs EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Japan$119M (18%)
United States$74.3M (12.5%)
Canada$25M (14.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Foodstuffs BY Australia WERE (2021 - 2022):
Indonesia-$112M (-40.2%)
China-$85.2M (-9.62%)
Hong Kong-$62.4M (-22.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Foodstuffs were:
In 2022, Australia's main importing competitors in Foodstuffs were:

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Trade Value of Foodstuffs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $196M
TOP IMPORT POTENTIALChina+ $150M

Foodstuffs’s highest export potential is United States. With an export gap of $196M.   Foodstuffs’s highest import potential is China with an import gap of $150M.

See methodology.

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