2022
Exports
$2.55BWorld Rnk 4 / 121
Flag Rnk 34 / 1210
2022
PRODUCT COMPLEXITY IN Bovine Meat
-0.66Rnk 747 / 1025
2022
Imports
$697MWorld Rnk 12 / 204
Flag Rnk 164 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $2.55B in Bovine Meat, making it the 4th largest exporter of Bovine Meat in the world. At the same year, Bovine Meat was the 34th most exported product in Canada. The main destination of Bovine Meat exports from Canada are: United States ($2.3B), Mexico ($121M), Japan ($75.9M), Saudi Arabia ($21.3M), and Netherlands ($11M).

The fastest growing export markets for Bovine Meat of Canada between 2021 and 2022 were United States ($29.8M), Saudi Arabia ($18.8M), and Mexico ($7.57M).

Imports In 2022, Canada imported $697M in Bovine Meat, becoming the 12th largest importer of Bovine Meat in the world. At the same year, Bovine Meat was the 164th most imported product in Canada. Canada imports Bovine Meat primarily from: United States ($571M), Mexico ($57.5M), Australia ($45.3M), New Zealand ($11.1M), and Japan ($5.37M).

The fastest growing import markets in Bovine Meat for Canada between 2021 and 2022 were Mexico ($38.4M), United States ($31.8M), and Australia ($2.65M).

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$-22.7M(-6.95%)
IMPORT GROWTH (August 2023 - August 2024)C$5.17M(5.31%)
MAIN EXPORTER (August 2024)AlbertaC$286M
MAIN DESTINATION (August 2024)United StatesC$277M

This section shows Bovine Meat's exports and imports data at subnational level for Canada. 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 Bovine Meat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.55B
IMPORTS (2022)$697M
NET TRADE (2022)$1.86B

In 2022, Canada exported $2.55B in Bovine Meat. The main destinations of Canada exports on Bovine Meat were United States ($2.3B), Mexico ($121M), Japan ($75.9M), Saudi Arabia ($21.3M), and Netherlands ($11M).

In 2022, Canada imported $697M in Bovine Meat, mainly from United States ($571M), Mexico ($57.5M), Australia ($45.3M), New Zealand ($11.1M), and Japan ($5.37M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bovine Meat EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$29.8M (1.31%)
Saudi Arabia$18.8M (756%)
Mexico$7.57M (6.67%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bovine Meat BY Canada WERE (2021 - 2022):
Japan-$15.5M (-16.9%)
South Korea-$5.87M (-72%)
United Kingdom-$5.4M (-99.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Bovine Meat were:
In 2022, Canada'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 POTENTIALUnited States+ $29.5M
TOP IMPORT POTENTIALUnited States+ $18.9M

Bovine Meat’s highest export potential is United States. With an export gap of $29.5M.   Bovine Meat’s highest import potential is United States with an import gap of $18.9M.

See methodology.

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