HS Icon Bovine Meat

Meat of bovine animals; fresh or chilled

0201 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Bovine Meat. In 2020, Bovine Meat were the world's 159th most traded product, with a total trade of $23.1B. Between 2019 and 2020 the exports of Bovine Meat decreased by -3.49%, from $23.9B to $23.1B. Trade in Bovine Meat represent 0.14% of total world trade.

Bovine Meat are a part of Meat and edible meat offal. They include Bovine cuts boneless, fresh or chilled, Bovine cuts bone in, fresh or chilled, and Bovine carcasses and half carcasses, fresh or chilled.

Exports In 2020 the top exporters of Bovine Meat  were United States ($3.49B), Australia ($2.69B), Netherlands ($2.16B), Canada ($1.8B), and Ireland ($1.7B).

Imports In 2020 the top importers of Bovine Meat were United States ($3.76B), Japan ($2.09B), Germany ($1.95B), Italy ($1.72B), and Netherlands ($1.44B).

Ranking Bovine Meat ranks 724th in the Product Complexity Index (PCI).

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Y-AXIS SCALE

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

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

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

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): United States, $3.49B

Top Destination (2020): United States, $3.76B

Bovine Meat are the world's 159th most traded product.

In 2020, the top exporters of Bovine Meat were United States ($3.49B), Australia ($2.69B), Netherlands ($2.16B), Canada ($1.8B), and Ireland ($1.7B).

In 2020, the top importers of Bovine Meat were United States ($3.76B), Japan ($2.09B), Germany ($1.95B), Italy ($1.72B), and Netherlands ($1.44B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Mexico, $125M

Top Destination Growth (2019 - 2020): United States, $327M

Between 2019 and 2020, the exports of Bovine Meat grew the fastest in Mexico ($125M), Paraguay ($58.6M), Canada ($33M), Colombia ($28.1M), and Nicaragua ($23.9M).

Between 2019 and 2020, the fastest growing importers of Bovine Meat were United States ($327M), South Korea ($124M), Canada ($91.5M), China ($80.2M), and Chinese Taipei ($45M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Bovine Meat.

In 2020,  market concentration measured using Shannon Entropy, was 4.31. This means that most of the exports of Bovine Meat are explained by 19 countries.

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TOP NET EXPORTER (2020): Australia, $2.68B

TOP NET IMPORTER (2020): Japan, $1.95B

This map shows which countries export or import more of Bovine Meat. Each country is colored based on the difference in exports and imports of Bovine Meat during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Bovine Meat were Australia ($2.68B), Ireland ($1.56B), Canada ($1.2B), Poland ($1.1B), and Netherlands ($719M).

In 2020, the countries that had a largest trade value in imports than in exports of Bovine Meat were Japan ($1.95B), Italy ($1.37B), Germany ($987M), South Korea ($987M), and Chile ($932M).

Disaggregation

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Value

In 2020, the world most traded Bovine Meat, disaggragated by their HS6 level were Bovine cuts boneless, fresh or chilled ($17B), Bovine cuts bone in, fresh or... ($4.21B), and Bovine carcasses and half carcasses, fresh... ($1.91B)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Bovine Meat.
It is possible to select the main countries that export or import Bovine Meat in the world, or by continent, as well as select the measure of interest.

Product Complexity

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Diversification Frontier

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Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Country by Relatedness

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The following visualization shows the relatedness of Bovine Meat to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.