With exports up 9% to A$24 billion in 2004-05, the food and beverage industry now accounts for 19% of Australia's total merchandise exports, demonstrating its critical importance to the national economy. Taken as a whole, the agribusiness sector generates agricultural production of A$30 billion, with approximately 60% of commodities produced on Australian farms being exported each year. Innovation is driven by high levels of investment in R&D, and strong government assistance through a wide range of incentives and support programs.

The Australian wine industry is one of Australia's great export success stories, with exports reaching A$2.8 billion in 2006. World recognised wine-making expertise is backed by industry-level collaborative research, innovation, and focused international marketing and national branding.