Browse Data and Analysis

Australia is the world’s second-largest producer and exporter of almonds, behind only the United States, and the industry continues to grow.

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

Uzbekistan is one of Central Asia’s fastest-growing consumer markets, powered by strong GDP growth (6.5 percent in 2024; 5.9 percent forecast in 2025) and a population rising by 1 million annually. Urbanization, a young middle class, and shifting consumer habits are driving rapid demand for modern retail, packaged foods, and convenience formats.

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.

The 2024 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2024 calendar year.

A large portion of Australia’s winter cropping area is well-positioned, heading into the forecast year. In New South Wales, Queensland, and Western Australia, early seasonal conditions are favorable, indicating potential for strong wheat and barley production.

Uzbekistan’s cotton sector is at a crossroads. While opportunities for high-value-added products like textiles and ready-to-wear apparel are expanding, the industry faces financial constraints, shrinking farmland, and water shortages.

Australia’s sugar production is forecast to decline to 3.8 million metric tons (MMT) in marketing year (MY) 2025/26, down from an estimated 3.85 MMT in MY 2024/25, marking the lowest level of production in over a decade.

Australian oilseed production, dominated by canola, is expected to be strong for the fifth consecutive season during the marketing year (MY) 2025/26.

After four successive years of big cotton crop production in Australia, the forecast for marketing year (MY) 2025/26 falls to 4.1 million bales, 13 percent above the previous 10-year average.

Australia's 2025 Federal Budget allocates significant funds to support and grow the agriculture, fisheries, and forestry sectors, with measures focused on climate resilience, trade, and food security, including funding for drought preparedness, emissions reduction, and market access.

Australian beef production and exports are forecast to reach record levels in 2025, building on the record export results achieved in 2024. This situation is similar to 2014 and 2015, when strong U.S. demand was driven by herd rebuilding leading to similar peaks in beef production and exports for Australia.