First Nations tourism, trade and export businesses are booming overseas and further opportunities to grow are in sight ahead of the 2032 Brisbane Olympics.

A landmark report showed Indigenous goods exporters, international traders and tourism businesses were thriving as demand grew for the niche sector overseas.

The First Nations Businesses Succeeding Internationally Report – developed by Austrade, DFAT and Supply Nation – found the Indigenous tourism sector was best placed to leverage growing demand from international markets.

Turnover of Indigenous businesses from tourism had increased in recent years, as demand from international visitors for First Nations cultural tourism experiences continued to rise as the sector bounced back from the pandemic.

During 2022-23, First Nations businesses in tourism-related industries employed almost 7,000 workers, and generated nearly $1 billion revenue, with growth opportunities aplenty.

First Nations goods exporters reaped more than $670 million in the 12-month period, with more export opportunities on the horizon, the report found.

Compared to all First Nations businesses, export businesses generated almost nine times more revenue, and seven times more full-time equivalent jobs.

Supply Nation CEO, Kate Russell said the report was essential to help understand the Indigenous export sector.

"It highlights how the skills, talents and resilience of our Indigenous business community are helping them succeed internationally, but also how much work there is still to do," she said.

"We are delighted to … to provide practical support to our Indigenous businesses seeking to internationalise."

Ms Russell said Supply Nation reaching 5000 verified members earlier this year was evident of the sector's growth and a bright spot for the Australian economy.

"It's natural that many of these businesses will seek collaborative partnerships and business growth in international markets," she said.

The opportunity for the Indigenous tourism sector was evident in Tourism WA data released last month, which showed Aboriginal tourism was booming in the west, with operators enjoying record interest and participation from visitors across the state, nation and globe during 2023-24.

Its Visitor Expectations and Experiences Research (VEER) 2023-24 report revealed nine in 10 visitors were interested in Aboriginal tourism experiences if they were easily accessible, while a record 36 per cent participated during their visit, the highest level recorded to date.

The strong international trade in the tourism sector highlighted in this week's report bodes well for First Nations businesses, ahead of the 2032 Brisbane Olympics.

More than 2000 attendees at last week's Supply Nation Connect event in Brisbane were also told how Indigenous businesses should use the next eight years before the Brisbane Olympics to further develop the sector.

The First Nations business sector now generated more than $16 billion to the economy and 116,000 jobs each year, representing upwards of $4 billion in wages.

Dilin Duwa Centre for Indigenous Business Leadership director, Michelle Evans, told Supply Nation's annual Connect event last week that Indigenous businesses were "smashing it out of the park".

"The Indigenous business sector is growing at the rate of 8.29 per cent year-on-year," she said.

"That's for over 10 years and in comparison to the non-Indigenous business sector, which grows at about three per cent each year."

Corporate organisations, government departments, Indigenous entrepreneurs and business leaders were also told how First Nations businesses were poised to harness momentum ahead of the 2032 Olympics and other major events here this decade.

Commenting on the landmark report, Federal tourism and trade minister Don Farrell said it showed Indigenous traders had and always would create jobs and revenue.

"First Nations peoples were our first traders, and we know when First Nations businesses succeed, the nation succeeds," he said.

Indigenous Australians minister Malarndirri McCarthy said the report showed how First Nations businesses made a unique impression globally.

"They are not just providing products, they are sharing important stories, culture and traditions with the world," she said

"I take great pride in the essential role First Nations businesses play in international trade by showcasing our rich culture and demonstrating our ambitious economic goals.

"I'm excited to see the spotlight on the contribution First Nations businesses are making globally and the opportunities overseas markets can offer our people and communities.

"Our businesses are at the heart of creating a brighter future for generations to come."

Results from the dataset of businesses came from leading Indigenous registry Supply Nation, which has more than 5000 members, and the ABS's Business Longitudinal Analysis Data Environment (BLADE), and will now aid stakeholders shape a shared strategy to boost Indigenous international trade.

The report can be found online.