Australia has recorded a significant increase in beef exports with 16% more beef and veal leaving the country in 2014.

Compared to 2013, Australian beef exports are up by 595,300 tonnes. The majority of the beef has been sold into the expanding Asian market and the US.

The US has accounted for 25% of Australian beef exports as its own national herd has plummeted in numbers in recent years. Shipments of Australian beef to the US are up 50% on last year.

Boneless beef is the leading commodity exported, accounting for 80% of all Australian beef heading for US shores.

Shipments of Australian beef to China and South Korea are up 14% on last year.