Value of dairy exports from Australia FY 2024, by leading destination

In the fiscal year 2024, the value of Australian dairy exports to China was estimated to be around one billion Australian dollars. China was the leading export destination for Australian dairy products, accounting for around 30 percent of total dairy export value, followed by Japan and Indonesia. 

Dairy industry in Australia

The dairy industry is one of the nation's most important rural industries, and the third largest in terms of farmgate value. The state of Victoria was Australia's largest producer of milk, with the highest monthly volume compared to all other states. The country exports around 30 percent of its milk production, largely in the form of processed products such as cheese, butter, and milk powders. In financial year 2023, cheese was the leading manufactured dairy product by weight in the country, followed by skim milk powder. 

Dairy exports

Australia was the Asia-Pacific region's second-largest milk exporter, trailing behind New Zealand. In Victoria, dairy products were one of the leading commodity groups in terms of export value, totaling approximately 2.5 billion Australian dollars in financial year 2023.