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2023
Exports $4.13BWorld Rnk 3 / 136
Flag Rnk 85 / 1217
2023
Destination $30.6M China
2022 - 2023
FASTEST GROWING MARKET $30.6MHong Kong
2023
PRODUCT COMPLEXITY IN Frozen Bovine Meat-1.1Rnk 854 / 1025
2023
Imports $3.23BWorld Rnk 2 / 225
Flag Rnk 159 / 1215
2023
Origin $275MN/A
2022 - 2023
FASTEST GROWING ORIGIN $275MAustralia
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $4.13B in Frozen Bovine Meat, making it the 3rd largest exporter of Frozen Bovine Meat in the world. At the same year, Frozen Bovine Meat was the 85th most exported product in United States. The main destination of Frozen Bovine Meat exports from United States are: China ($1.19B), South Korea ($1.08B), Japan ($467M), Hong Kong ($304M), and Chinese Taipei ($274M).

The fastest growing export markets for Frozen Bovine Meat of United States between 2022 and 2023 were Hong Kong ($30.6M), Mexico ($25.5M), and Aruba ($7.53M).

Imports In 2023, United States imported $3.23B in Frozen Bovine Meat, becoming the 2nd largest importer of Frozen Bovine Meat in the world. At the same year, Frozen Bovine Meat was the 159th most imported product in United States. United States imports Frozen Bovine Meat primarily from: N/A.

The fastest growing import markets in Frozen Bovine Meat for United States between 2022 and 2023 were Australia ($275M), New Zealand ($142M), and Uruguay ($24.6M).

COMPANIES In 2023, leading companies such as JBS Foods (1.55k), Lawrence Wholesale (259), and Ceramic Technics (2) were at the forefront of shipping Frozen Bovine Meat to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Frozen Bovine Meat exports accounted up to $402M and imports accounted up to $511M, resulting in a negative trade balance of $109M. Between November 2023 and November 2024 the exports of United States'   Frozen Bovine Meat have increased by $84M (26.4%) from $318M to $402M, while imports increased by $281M (122%) from $230M to $511M.

Destinations In November 2024, Frozen Bovine Meat were exported mostly to South Korea ($120M), China ($95.6M), Japan ($39.7M), Chinese Taipei ($33.2M), and Hong Kong ($27.5M), and were imported mostly from Australia ($184M), Brazil ($137M), Uruguay ($69.1M), New Zealand ($37.8M), and Nicaragua ($17.4M).

Growth In November 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 November 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 (November 2023 - November 2024)$84M(26.4%)
IMPORT GROWTH (November 2023 - November 2024)$281M(122%)
MAIN EXPORTER (November 2024)Nebraska$71.7M
MAIN DESTINATION (November 2024)South Korea$120M

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 (2023)$4.13B
IMPORTS (2023)$3.23B
NET TRADE (2023)$898M

In 2023, United States exported $4.13B in Frozen Bovine Meat. The main destinations of United States exports on Frozen Bovine Meat were China ($1.19B), South Korea ($1.08B), Japan ($467M), Hong Kong ($304M), and Chinese Taipei ($274M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Frozen Bovine Meat EXPORT MARKETS FOR United States WERE (2022 - 2023):
Hong Kong$30.6M (11.2%)
Mexico$25.5M (72.5%)
Aruba$7.53M (98.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Frozen Bovine Meat BY United States WERE (2022 - 2023):
South Korea-$562M (-34.2%)
China-$385M (-24.4%)
Japan-$160M (-25.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Frozen Bovine Meat were:
Brazil $8.46B
Australia $4.71B
In 2023, United States's main importing competitors in Frozen Bovine Meat were:
China $12.4B
South Korea $2.2B

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Trade Value of Frozen Bovine Meat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $94.9M
TOP IMPORT POTENTIALBrazil+ $160M

Frozen Bovine Meat’s highest export potential is China. With an export gap of $94.9M.   Frozen Bovine Meat’s highest import potential is Brazil with an import gap of $160M.

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