2023
Exports
$2.87BWorld Rnk 3 / 123
Flag Rnk 15 / 1208
2023
PRODUCT COMPLEXITY IN Bovine Meat
-0.65Rnk 748 / 1025
2023
Imports
$10.8MWorld Rnk 73 / 203
Flag Rnk 758 / 1207
2023
ECONOMIC COMPLEXITY of Australia
-0.28Rnk 75 / 132

About

Exports In 2023, Australia exported $2.87B in Bovine Meat, making it the 3rd largest exporter of Bovine Meat in the world. At the same year, Bovine Meat was the 15th most exported product in Australia. The main destination of Bovine Meat exports from Australia are: United States ($744M), Japan ($661M), China ($371M), South Korea ($326M), and United Arab Emirates ($124M).

The fastest growing export markets for Bovine Meat of Australia between 2022 and 2023 were United States ($187M), China ($70M), and United Kingdom ($12.7M).

Imports In 2023, Australia imported $10.8M in Bovine Meat, becoming the 73rd largest importer of Bovine Meat in the world. At the same year, Bovine Meat was the 758th most imported product in Australia. Australia imports Bovine Meat primarily from: Japan ($7.84M), New Zealand ($3M), and France ($1.52k).

The fastest growing import markets in Bovine Meat for Australia between 2022 and 2023 were Japan ($1.09M) and France ($1.52k).

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

Dec 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 (2023)$2.87B
IMPORTS (2023)$10.8M
NET TRADE (2023)$2.86B

In 2023, Australia exported $2.87B in Bovine Meat. The main destinations of Australia exports on Bovine Meat were United States ($744M), Japan ($661M), China ($371M), South Korea ($326M), and United Arab Emirates ($124M).

In 2023, Australia imported $10.8M in Bovine Meat, mainly from Japan ($7.84M), New Zealand ($3M), and France ($1.52k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bovine Meat EXPORT MARKETS FOR Australia WERE (2022 - 2023):
United States$187M (33.7%)
China$70M (23.3%)
United Kingdom$12.7M (141%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bovine Meat BY Australia WERE (2022 - 2023):
South Korea-$141M (-30.2%)
Japan-$34.2M (-4.92%)
Chinese Taipei-$12.1M (-15.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Australia's main exporting competitors in Bovine Meat were:
In 2023, 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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