Australia is a major agricultural producer and exporter. Around 65% of Australia’s agricultural production is sent overseas. (Source: DFAT) China is the largest importer of Australian agricultural products, accounting for around 25% of all Australian agri-food exports. (Source: ABARES). Australian exports of agri-products grew by 36.9% between 2016 and 2017 and positive projections continue across all food products such as beef, pork, and seafood, but also including wheat, barley, cotton and horticulture, dairy, fruit and nuts, and live animal exports. Cross-border agriculture investment is also important to both countries. (Also see Food & Beverages).
Tariffs are quickly reducing under the China-Australia Free Trade Agreement making Australian agri-products even more desirable.