2022
Exports
$2.72BWorld Rnk 3 / 121
Flag Rnk 17 / 1208
2022
PRODUCT COMPLEXITY IN Bovine Meat
-0.66Rnk 747 / 1025
2022
Imports
$19.3MWorld Rnk 58 / 204
Flag Rnk 682 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $2.72B in Bovine Meat, making it the 3rd largest exporter of Bovine Meat in the world. At the same year, Bovine Meat was the 17th most exported product in Australia. The main destination of Bovine Meat exports from Australia are: Japan ($688M), United States ($550M), South Korea ($438M), China ($273M), and United Arab Emirates ($112M).

The fastest growing export markets for Bovine Meat of Australia between 2021 and 2022 were United Arab Emirates ($22.2M), Chinese Taipei ($16.9M), and Thailand ($10.1M).

Imports In 2022, Australia imported $19.3M in Bovine Meat, becoming the 58th largest importer of Bovine Meat in the world. At the same year, Bovine Meat was the 682nd most imported product in Australia. Australia imports Bovine Meat primarily from: New Zealand ($11.1M), Japan ($6.19M), Australia ($2.03M), United Kingdom ($13.4k), and United States ($3.57k).

The fastest growing import markets in Bovine Meat for Australia between 2021 and 2022 were Japan ($1.03M), New Zealand ($822k), and United Kingdom ($11.7k).

COMPANIES In 2023, leading companies such as JBS Foods (616) and Lawrence Wholesale (11) were at the forefront of shipping Bovine Meat from Australia to the United States.

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Bovine Meat. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.72B
IMPORTS (2022)$19.3M
NET TRADE (2022)$2.7B

In 2022, Australia exported $2.72B in Bovine Meat. The main destinations of Australia exports on Bovine Meat were Japan ($688M), United States ($550M), South Korea ($438M), China ($273M), and United Arab Emirates ($112M).

In 2022, Australia imported $19.3M in Bovine Meat, mainly from New Zealand ($11.1M), Japan ($6.19M), Australia ($2.03M), United Kingdom ($13.4k), and United States ($3.57k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bovine Meat EXPORT MARKETS FOR Australia WERE (2021 - 2022):
United Arab Emirates$22.2M (24.8%)
Chinese Taipei$16.9M (28.9%)
Thailand$10.1M (24.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bovine Meat BY Australia WERE (2021 - 2022):
Japan-$158M (-18.6%)
United States-$77.5M (-12.4%)
South Korea-$20.5M (-4.48%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Bovine Meat were:
In 2022, Australia's main importing competitors in Bovine Meat were:

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Trade Value of Bovine Meat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $12.1M
TOP IMPORT POTENTIALUnited Kingdom+ $55.7k

Bovine Meat’s highest export potential is Germany. With an export gap of $12.1M.   Bovine Meat’s highest import potential is United Kingdom with an import gap of $55.7k.

See methodology.

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