Underpinning Australia's strong economy is its open and transparent trade and investment environment, and trade and economic links with emerging economies, particularly in Asia. The U.S. - Australia Free Trade Agreement provides some advantages for U.S. products, which are well regarded as high quality and good value.
The United States accounted for US$1.2 billion or 12 percent of Australia’s total food related imports in 2020. Despite continued impact on the economy in 2021 due to the COVID-19 Delta strain, Australia’s economy has begun to recover, and consumer sentiment has rebounded.
Imports of consumer oriented products
The value of Australian consumer-oriented food imports totaled $10.4 billion in 2020. The United States accounted for US$1.2 billion or 12 percent of total imports. Most of Australia’s imports in these sectors are sourced from New Zealand and the United States is the second largest supplier.