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2022
Exports $5.72BWorld Rnk 2 / 141
Flag Rnk 59 / 1217
2022
Destination $408M China
2021 - 2022
FASTEST GROWING MARKET $408MSouth Korea
2022
PRODUCT COMPLEXITY IN Frozen Bovine Meat-1.24Rnk 891 / 1025
2022
Imports $2.83BWorld Rnk 3 / 219
Flag Rnk 197 / 1216
2022
Origin $98.5MN/A
2021 - 2022
FASTEST GROWING ORIGIN $98.5MAustralia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

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: N/A.

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 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

August 2024

About

Overview In August 2024 United States' Frozen Bovine Meat exports accounted up to $373M and imports accounted up to $450M, resulting in a negative trade balance of $77.3M. Between August 2023 and August 2024 the exports of United States'   Frozen Bovine Meat have increased by $20.9M (5.93%) from $352M to $373M, while imports increased by $157M (53.6%) from $293M to $450M.

Destinations In August 2024, Frozen Bovine Meat were exported mostly to China ($95.1M), South Korea ($87.6M), Japan ($55.2M), Chinese Taipei ($31.5M), and Hong Kong ($24.4M), and were imported mostly from Australia ($156M), New Zealand ($98.6M), Brazil ($85.7M), Uruguay ($39.3M), and Nicaragua ($15.7M).

Growth In August 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 August 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 (August 2023 - August 2024)$20.9M(5.93%)
IMPORT GROWTH (August 2023 - August 2024)$157M(53.6%)
MAIN EXPORTER (August 2024)Nebraska$67.2M
MAIN DESTINATION (August 2024)China$95.1M

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).

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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%)
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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

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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