Business Chief APAC+ANZ Magazine October 2018 | Page 70

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Beef A $ 7.45bn

In 2017 , beef exports took up 1.9 % of Australia ’ s total exports , bringing in $ 5.31bn ( A $ 7.45bn ). This marks a moderate increase of 0.7 % from the 2016 figure of $ 5.28bn ( A $ 7.4bn ). In fact , in 2016 Australia was reportedly the third largest exporter of beef in the world , following India and Brazil , and was named in 2017 by the Red Meat Advisory Council as the world ’ s largest exporter of beef , as well as the largest consumer of the produce globally .
OCTOBER 2018