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Meat of bovine animals; frozen

0202 (Harmonized System 1992 for 4-digit)

2023
World Trade $32.7BRnk 134 / 1217
2023
Top Exporter | Top Importer $8.46B | $12.4BBrazil | China
2023
Product Complexity -1.1Rnk 880 / 1044
2022 - 2023
Export Growth (CAGR) -15.3%Rnk 916 / 1217
2023
Share of World Trade 0.14%Rnk 134 / 1217

About

Overview This page contains the latest trade data of Frozen Bovine Meat. In 2023, Frozen Bovine Meat were the world's 134th most traded product, with a total trade of $32.7B. Between 2022 and 2023 the exports of Frozen Bovine Meat decreased by -15.3%, from $38.7B to $32.7B. Trade in Frozen Bovine Meat represent 0.14% of total world trade.

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

Exports In 2023 the top exporters of Frozen Bovine Meat  were Brazil ($8.46B), Australia ($4.71B), United States ($4.13B), India ($3.15B), and New Zealand ($2.45B).

Imports In 2023 the top importers of Frozen Bovine Meat were China ($12.4B), United States ($3.23B), South Korea ($2.2B), Japan ($1.33B), and Hong Kong ($795M).

Ranking Frozen Bovine Meat ranks 880th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Frozen 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.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Brazil$8.46B
Top Destination (2023)China$12.4B

In 2023 Frozen Bovine Meat were the world's 134th most traded product (out of 1,217).

In 2023, the top exporters of Frozen Bovine Meat were Brazil ($8.46B), Australia ($4.71B), United States ($4.13B), India ($3.15B), and New Zealand ($2.45B).

In 2023, the top importers of Frozen Bovine Meat were China ($12.4B), United States ($3.23B), South Korea ($2.2B), Japan ($1.33B), and Hong Kong ($795M).

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Exporters of Frozen Bovine Meat (2023)
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Importers of Frozen Bovine Meat (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Australia$262M
Top Destination Growth (2022 -  2023)United States$262M

Between 2022 and 2023, the exports of Frozen Bovine Meat grew the fastest in Australia ($262M), India ($126M), United Arab Emirates ($102M), Japan ($15.6M), and Austria ($14.2M).

Between 2022 and 2023, the fastest growing importers of Frozen Bovine Meat were United States ($262M), Hong Kong ($105M), Iraq ($79.5M), Mexico ($65.1M), and Iran ($63.1M).

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Exporters of Frozen Bovine Meat (2022 - 2023)

Importers of Frozen Bovine Meat (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.7. This means that most of the exports of Frozen Bovine Meat are explained by 12 countries.

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Value of Exports in Frozen Bovine Meat

Net Trade

TOP NET EXPORTER (2023)Brazil$8.32B
TOP NET IMPORTER (2023)China$12.4B

This map shows which countries export or import more of Frozen Bovine Meat. Each country is colored based on the difference in exports and imports of Frozen Bovine Meat during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Frozen Bovine Meat were Brazil ($8.32B), Australia ($4.7B), India ($3.15B), New Zealand ($2.43B), and Argentina ($2.02B).

In 2023, the countries that had a largest trade value in imports than in exports of Frozen Bovine Meat were China ($12.4B), South Korea ($2.2B), Japan ($1.14B), Egypt ($780M), and Indonesia ($777M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Frozen Bovine Meat, disaggragated by their HS6 level were Frozen Boneless Beef Cuts ($29.9B), Frozen Beef Cuts with Bone ($2.67B), and Frozen Beef (Whole & Halves) ($119M)

HS6 Disaggregation for Frozen Bovine Meat (2023)
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Country Comparison

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Ranking

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

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

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $160M
TOP IMPORT POTENTIALArgentina+ $23M

Frozen Bovine Meat’s highest export potential is United States. With an export gap of $160M.  Frozen Bovine Meat’s highest import potential is Argentina with an import gap of $23M.

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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 (2023)

Related Products

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

Country by Relatedness

The following visualization shows the relatedness of Frozen 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 (2023)

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