Browse Data and Analysis

Australia is a prosperous, industrialized nation with a stable economy that fosters an open and transparent trade and investment environment.

Australia’s milk production in 2025 is estimated to decline to 8.6 million metric tons (MMT), following a significant 2.3 percent increase in 2024. The growth experienced in 2024 has stalled, primarily due to very dry conditions across southwest Victoria and South Australia.

Rising global demand and higher prices drove U.S. hay exports to a record $1.25 billion in 2012.