Browse Data and Analysis

Australia has proven to be an appealing and profitable market for U.S. companies for many years. Apart from an extremely strict quarantine regime, it offers few barriers to entry, a familiar legal and corporate framework, and a sophisticated, straightforward business culture.

In 2022, the Australia beef industry is set to continue its herd rebuilding phase which began in 2021. As the herd numbers have begun to recover, overall cattle slaughter is expected to rise from the 50-year low of last year.

Milk production is forecast at 9.5 million metric tons in 2018, up two percent from last year due to favorable seasonal conditions in southern dairy regions.

Column chart comparing the change in value of U.S. agricultural exports before and after key trade agreements.

Australia is expected to improve its global competitiveness as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Agreement is likely to reduce tariffs and provide....