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China Remains Australia’s Largest Agricultural Export Market Despite Trade Sanctions

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12 September 2023
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China Remains Australia’s Largest Agricultural Export Market Despite Trade SanctionsFor the second consecutive year, the value of Australian agricultural exports has reached a historic high of $80 billion, with winter crops playing a pivotal role in driving an impressive 20 percent growth in the market. In the 2022-23 financial year, broadacre crop exports, valued at $31 billion, accounted for over one-third of Australia’s total exports. The cotton industry also witnessed a remarkable surge, doubling its export earnings to $4.9 billion, a notable increase of $2.7 billion from the previous year. Despite ongoing trade sanctions affecting specific Australian commodities, China continues to maintain its position as the primary export destination for Australian agricultural products. It accounts for roughly 20 percent of Australia’s agricultural exports and remains the top growth market in terms of dollar value for the second consecutive year....

Read more https://www.theepochtimes.com/world/china-remains-australias-largest-agricultural-export-market-despite-trade-sanctions-5489985

  • Previous Article Governments May Plant More Spies Within the CCP: Defence Expert
  • Next Article US Warns North Korea Against Selling Weapons as Kim Jong Un Visits Russia

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