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Pricing

Meat of bovine animals; fresh or chilled

0201 (Harmonized System 1992 for 4-digit)

2021
World Trade $28.8BRnk 153 / 1217
2021
Top Exporter | Top Importer $4.56B | $5.03BUnited States | United States
2021
Product Complexity -0.67Rnk 752 / 1024
2020 - 2021
Export Growth (CAGR) 24.3%Rnk 477 / 1217
2018
Mean Tariff 21.5%Rnk 90 / 1259
2021
Share of World Trade 0.14%Rnk 153 / 1217

About

Overview This page contains the latest trade data of Bovine Meat. In 2021, Bovine Meat were the world's 153rd most traded product, with a total trade of $28.8B. Between 2020 and 2021 the exports of Bovine Meat grew by 24.3%, from $23.2B to $28.8B. Trade in Bovine Meat represent 0.14% of total world trade.

Bovine Meat are a part of Meat & edible offal. They include Fresh/Chilled Boneless Beef Cuts, Fresh/Chilled Beef Cuts with Bone, and Fresh/Chilled Beef (Whole & Halves).

Exports In 2021 the top exporters of Bovine Meat  were United States ($4.56B), Australia ($2.9B), Netherlands ($2.56B), Canada ($2.53B), and Ireland ($1.91B).

Imports In 2021 the top importers of Bovine Meat were United States ($5.03B), Japan ($2.36B), Germany ($2.22B), Italy ($1.97B), and Netherlands ($1.77B).

Tariffs In 2018 the average tariff for Bovine Meat was 21.5%, making it the 90th lowest tariff using the HS4 product classification.

Ranking Bovine Meat ranks 752nd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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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

Exporters and Importers

Top Origin (2021)United States$4.56B
Top Destination (2021)United States$5.03B

In 2021 Bovine Meat were the world's 153rd most traded product (out of 1,217).

In 2021, the top exporters of Bovine Meat were United States ($4.56B), Australia ($2.9B), Netherlands ($2.56B), Canada ($2.53B), and Ireland ($1.91B).

In 2021, the top importers of Bovine Meat were United States ($5.03B), Japan ($2.36B), Germany ($2.22B), Italy ($1.97B), and Netherlands ($1.77B).

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Exporters of Bovine Meat (2021)
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Importers of Bovine Meat (2021)
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Market Dynamics

Color
Top Origin Growth (2020 -  2021)United States$1.07B
Top Destination Growth (2020 -  2021)United States$1.27B

Between 2020 and 2021, the exports of Bovine Meat grew the fastest in United States ($1.07B), Canada ($724M), Netherlands ($406M), Mexico ($399M), and New Zealand ($287M).

Between 2020 and 2021, the fastest growing importers of Bovine Meat were United States ($1.27B), Chile ($518M), South Korea ($458M), Netherlands ($333M), and Germany ($267M).

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Exporters of Bovine Meat (2020 - 2021)

Importers of Bovine Meat (2020 - 2021)

Market Concentration

Cumulative market share

Value

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

In 2021, market concentration measured using Shannon Entropy, was 4.34. This means that most of the exports of Bovine Meat are explained by 20 countries.

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Value of Exports in Bovine Meat

Net Trade

TOP NET EXPORTER (2021)Australia$2.88B
TOP NET IMPORTER (2021)Japan$2.12B

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 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Bovine Meat were Australia ($2.88B), Canada ($1.9B), Ireland ($1.77B), Poland ($1.32B), and Brazil ($933M).

In 2021, the countries that had a largest trade value in imports than in exports of Bovine Meat were Japan ($2.12B), Italy ($1.45B), Chile ($1.45B), South Korea ($1.44B), and Germany ($1.05B).

Net Trade (2021)

Disaggregation

Value

In 2021, the world most traded Bovine Meat, disaggragated by their HS6 level were Fresh/Chilled Boneless Beef Cuts ($21.4B), Fresh/Chilled Beef Cuts with Bone ($5.33B), and Fresh/Chilled Beef (Whole & Halves) ($2.11B)

HS6 Disaggregation for Bovine Meat (2021)
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Country Comparison

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Measure
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.

Top 10 Exporters Countries of Bovine Meat by percentage of total exports

Product Complexity

Diversification Frontier

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.

Relatedness vs Country Complexity (2021)

Related Products

This visualization shows products that are likely to be exported by countries that export Bovine Meat.

Country by Relatedness

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.

Relative Relatedness by Country (2021)

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