Bovine Meat in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $2.55B in Bovine Meat, making it the 4th largest exporter of Bovine Meat in the world. At the same year, Bovine Meat was the 34th most exported product in Canada. The main destination of Bovine Meat exports from Canada are: United States ($2.3B), Mexico ($121M), Japan ($75.9M), Saudi Arabia ($21.3M), and Netherlands ($11M).

The fastest growing export markets for Bovine Meat of Canada between 2021 and 2022 were United States ($29.8M), Saudi Arabia ($18.8M), and Mexico ($7.57M).

Imports In 2022, Canada imported $697M in Bovine Meat, becoming the 12th largest importer of Bovine Meat in the world. At the same year, Bovine Meat was the 164th most imported product in Canada. Canada imports Bovine Meat primarily from: United States ($571M), Mexico ($57.5M), Australia ($45.3M), New Zealand ($11.1M), and Japan ($5.37M).

The fastest growing import markets in Bovine Meat for Canada between 2021 and 2022 were Mexico ($38.4M), United States ($31.8M), and Australia ($2.65M).

Latest Trends

February 2024

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Overview In February 2024 Canada's Bovine Meat exports accounted up to C$313M and imports accounted up to C$61.6M, resulting in a positive trade balance of C$252M. Between February 2023 and February 2024 the exports of Canada's Bovine Meat have increased by C$25.1M (8.69%) from C$288M to C$313M, while imports increased by C$11.4M (22.6%) from C$50.3M to C$61.6M.

Destinations In February 2024, Bovine Meat were exported mostly to United States (C$281M), Mexico (C$23.1M), Japan (C$5.2M), Italy (C$1.52M), and United Arab Emirates (C$628k), and were imported mostly from United States (C$51.3M), Australia (C$5.5M), Mexico (C$3.49M), Japan (C$715k), and New Zealand (C$441k).

Growth In February 2024, the increase in Bovine Meat's year-by-year exports was explained primarily by an increase in exports to United States (C$45.2M or 19.6%), Mexico (C$3.36M or 21.4%), and United Arab Emirates (C$765k or 490%). In February 2024, the increase in Bovine Meat's year-by-year imports was explained primarily by an increase in imports from Mexico (C$2.92M or 53.1%), Australia (C$790k or 34.2%), and New Zealand (C$388k or 45.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$25.1M(8.69%)

IMPORT GROWTH (February 2023 - February 2024)C$11.4M(22.6%)

MAIN EXPORTER (February 2024)AlbertaC$284M

MAIN DESTINATION (February 2024)United StatesC$281M

This section shows Bovine Meat's exports and imports data at subnational level for Canada. 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 Bovine Meat over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$2.55B

IMPORTS (2022)$697M

NET TRADE (2022)$1.86B

In 2022, Canada exported $2.55B in Bovine Meat. The main destinations of Canada exports on Bovine Meat were United States ($2.3B), Mexico ($121M), Japan ($75.9M), Saudi Arabia ($21.3M), and Netherlands ($11M).

In 2022, Canada imported $697M in Bovine Meat, mainly from United States ($571M), Mexico ($57.5M), Australia ($45.3M), New Zealand ($11.1M), and Japan ($5.37M).

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