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Pricing

2022
Exports | Imports $5.72B | $2.83BWorld Rnk 2 / 141
Flag Rnk 59 / 1217
World Rnk 3 / 219
Flag Rnk 197 / 1216
2021 - 2022
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN $408M | $98.5MSouth Korea |  Australia
2022
ECONOMIC COMPLEXITY of United States1.41Rnk 10 / 124
2022
PRODUCT COMPLEXITY IN Frozen Bovine Meat-1.21Rnk 883 / 1025

About

Exports In 2022, United States exported $5.72B in Frozen Bovine Meat, making it the 2nd largest exporter of Frozen Bovine Meat in the world. At the same year, Frozen Bovine Meat was the 59th most exported product in United States. The main destination of Frozen Bovine Meat exports from United States are: China ($1.69B), South Korea ($1.67B), Japan ($660M), Chinese Taipei ($363M), and Hong Kong ($274M).

The fastest growing export markets for Frozen Bovine Meat of United States between 2021 and 2022 were South Korea ($408M), China ($407M), and Japan ($164M).

Imports In 2022, United States imported $2.83B in Frozen Bovine Meat, becoming the 3rd largest importer of Frozen Bovine Meat in the world. At the same year, Frozen Bovine Meat was the 197th most imported product in United States. United States imports Frozen Bovine Meat primarily from: New Zealand ($735M), Australia ($665M), Brazil ($450M), Uruguay ($275M), and Nicaragua ($235M).

The fastest growing import markets in Frozen Bovine Meat for United States between 2021 and 2022 were Australia ($98.5M), Uruguay ($58.8M), and Mexico ($53.1M).

COMPANIES In 2023, leading companies such as JBS USA FOOD COMPANY (18.4k) and AYCO FARMS INC (5) were at the forefront of shipping Frozen Bovine Meat to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Frozen Bovine Meat exports accounted up to $326M and imports accounted up to $469M, resulting in a negative trade balance of $143M. Between January 2023 and January 2024 the exports of United States'   Frozen Bovine Meat have increased by $45.5M (16.2%) from $280M to $326M, while imports increased by $179M (61.4%) from $291M to $469M.

Destinations In January 2024, Frozen Bovine Meat were exported mostly to South Korea ($102M), China ($80M), Japan ($43.9M), Hong Kong ($25.3M), and Taiwan ($12.6M), and were imported mostly from Brazil ($143M), Australia ($129M), New Zealand ($107M), Uruguay ($37.3M), and Nicaragua ($14.7M).

Growth In January 2024, the increase in Frozen Bovine Meat's year-by-year exports was explained primarily by an increase in exports to Mexico ($2.39M or 39.9%), Canada ($1.06M or 38.5%), and Bahamas ($703k or 40.8%). In January 2024, the increase in Frozen Bovine Meat's year-by-year imports was explained primarily by an increase in imports from Japan ($11.8M or 6.35k%), Uruguay ($11.6M or 98.8%), and New Zealand ($7.26M or 12.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2023 - January 2024)$45.5M(16.2%)
IMPORT GROWTH (January 2023 - January 2024)$179M(61.4%)
MAIN EXPORTER (January 2024)Nebraska$54.5M
MAIN DESTINATION (January 2024)South Korea$102M

This section shows Frozen Bovine Meat's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Frozen Bovine Meat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.72B
IMPORTS (2022)$2.83B
NET TRADE (2022)$2.88B

In 2022, United States exported $5.72B in Frozen Bovine Meat. The main destinations of United States exports on Frozen Bovine Meat were China ($1.69B), South Korea ($1.67B), Japan ($660M), Chinese Taipei ($363M), and Hong Kong ($274M).

In 2022, United States imported $2.83B in Frozen Bovine Meat, mainly from New Zealand ($735M), Australia ($665M), Brazil ($450M), Uruguay ($275M), and Nicaragua ($235M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Frozen Bovine Meat EXPORT MARKETS FOR United States WERE (2021 - 2022):
South Korea$408M (32.3%)
China$407M (31.6%)
Japan$164M (33.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Frozen Bovine Meat BY United States WERE (2021 - 2022):
Hong Kong-$90M (-24.7%)
Macau-$15M (-93.1%)
Chile-$13.5M (-40.7%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Frozen Bovine Meat were:
Brazil $11B
Australia $4.48B
In 2022, United States's main importing competitors in Frozen Bovine Meat were:
China $16.6B
South Korea $2.86B

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Trade Value of Frozen Bovine Meat by Exporters

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