Victoria is leading the nation in international food and fibre sales with skyrocketing exports boosting jobs and positioning the state towards achieving a strategic goal years ahead of schedule.
This is according to the new 2022-23 Food and Fibre Export Performance Report unveiled by Minister for Economic Growth Tim Pallas today at Remedy Drinks in Dandenong South.
Victorian farmers and food manufacturers have seen a 7 per cent increase in export value, taking the total to a record $19.6 billion.
The figure brings the state within reach of achieving the Victorian government’s $20 billion a year achievement in food and fibre international sales by 2030. The goal was pledged in the 2020 Agriculture Strategy when sales stood at $14.5 billion.
Grain was the state’s largest export in 2022-23, increasing 26 per cent to reach $5.6 billion in value, followed by meat at $4.5 billion.
Food and fibre experts increased the majority of Victoria’s key markets in 2022-23, led by China, Japan, and the United States. Significant improvements are also seen in other strategic markets including Singapore, South Korea, and Indonesia.
“These results are a testament to the world-leading farmers and producers who deliver premium produce to pantries around the globe,” said Harriet Shing, acting minister for agriculture.
The 2022-23 Food and Fibre Export Performance Report also reveals the global standing of Victoria’s high-quality, safe, and sustainable produce and the ability of farmers and food manufacturers to innovate and seize new market opportunities.
The state’s network of 23 international Trade and Investment Offices and trade mission program connects local exporters to key markets.
“This report tells us how valuable our food and beverage manufacturing sector is to overseas markets and here at home, creating jobs and contributing to the state’s economic growth,” said Minister for Jobs and Industry Natalie Hutchins.
To access the full report, visit global.vic.gov.au.
