Australia’s cattle exports are worth $1.2 billion annually, sheep exports are worth $82 million, and goats exports are valued at about $3.9 million.

Economic modelling conducted by ABARES and the Centre for International Economics has found that Australian livestock exports generate about 10,000 jobs across Australia and that a cessation of the trade would impose a net cost of about $300 million annually on Australian livestock producers.

Live cattle exports are a key economic activity which generates economic growth across northern Australia at a time when the development of this part of the nation is seen as an important element of future national economic development.