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2022
Exports $4.32BWorld Rnk 1 / 121
Flag Rnk 85 / 1217
2022
Destination $61.3M Japan
2021 - 2022
FASTEST GROWING MARKET $61.3MNetherlands
2022
PRODUCT COMPLEXITY IN Bovine Meat-0.66Rnk 747 / 1025
2022
Imports $4.85BWorld Rnk 1 / 204
Flag Rnk 118 / 1216
2022
Origin $29.8M Canada
2021 - 2022
FASTEST GROWING ORIGIN $29.8MCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $4.32B in Bovine Meat, making it the 1st largest exporter of Bovine Meat in the world. At the same year, Bovine Meat was the 85th most exported product in United States. The main destination of Bovine Meat exports from United States are: Japan ($1.05B), South Korea ($934M), Mexico ($623M), Canada ($571M), and Chinese Taipei ($394M).

The fastest growing export markets for Bovine Meat of United States between 2021 and 2022 were Netherlands ($61.3M), China ($37.7M), and Canada ($31.8M).

Imports In 2022, United States imported $4.85B in Bovine Meat, becoming the 1st largest importer of Bovine Meat in the world. At the same year, Bovine Meat was the 118th most imported product in United States. United States imports Bovine Meat primarily from: Canada ($2.3B), Mexico ($1.66B), Australia ($550M), Nicaragua ($92.5M), and New Zealand ($78.9M).

The fastest growing import markets in Bovine Meat for United States between 2021 and 2022 were Canada ($29.8M), Uruguay ($6.35M), and Honduras ($282k).

COMPANIES In 2023, leading companies such as JBS Foods (795), Lawrence Wholesale (38), and CrimsonLogic (10) were at the forefront of shipping Bovine Meat to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Bovine Meat exports accounted up to $361M and imports accounted up to $491M, resulting in a negative trade balance of $130M. Between August 2023 and August 2024 the exports of United States'   Bovine Meat have decreased by $-50.1M (-12.2%) from $411M to $361M, while imports increased by $24M (5.14%) from $467M to $491M.

Destinations In August 2024, Bovine Meat were exported mostly to Mexico ($75.8M), South Korea ($70.8M), Japan ($65.9M), Canada ($51.9M), and Chinese Taipei ($36.3M), and were imported mostly from Canada ($202M), Mexico ($141M), Australia ($107M), Nicaragua ($10.6M), and Argentina ($7.65M).

Growth In August 2024, the decrease in Bovine Meat's year-by-year exports was explained primarily by a decrease in exports to South Korea ($-71.8M or -51.3%), Chinese Taipei ($-18.1M or -40.2%), and China ($-11.7M or -32.4%). In August 2024, the increase in Bovine Meat's year-by-year imports was explained primarily by an increase in imports from Canada ($22.5M or 12.4%), Australia ($10.1M or 22%), and Argentina ($1.89M or 47.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$-50.1M(-12.2%)
IMPORT GROWTH (August 2023 - August 2024)$24M(5.14%)
MAIN EXPORTER (August 2024)Kansas$108M
MAIN DESTINATION (August 2024)Mexico$75.8M

This section shows 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 Bovine Meat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.32B
IMPORTS (2022)$4.85B
NET TRADE (2022)-$530M

In 2022, United States exported $4.32B in Bovine Meat. The main destinations of United States exports on Bovine Meat were Japan ($1.05B), South Korea ($934M), Mexico ($623M), Canada ($571M), and Chinese Taipei ($394M).

In 2022, United States imported $4.85B in Bovine Meat, mainly from Canada ($2.3B), Mexico ($1.66B), Australia ($550M), Nicaragua ($92.5M), and New Zealand ($78.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bovine Meat EXPORT MARKETS FOR United States WERE (2021 - 2022):
Netherlands$61.3M (54.4%)
China$37.7M (16.9%)
Canada$31.8M (5.89%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bovine Meat BY United States WERE (2021 - 2022):
Japan-$226M (-17.7%)
Mexico-$84.2M (-11.9%)
South Korea-$51.4M (-5.22%)
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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 Bovine Meat were:
Netherlands $2.86B
Australia $2.72B
In 2022, United States's main importing competitors in Bovine Meat were:
Germany $2.36B
Netherlands $2.18B

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Trade Value of Bovine Meat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $30M
TOP IMPORT POTENTIALArgentina+ $42.4M

Bovine Meat’s highest export potential is Italy. With an export gap of $30M.   Bovine Meat’s highest import potential is Argentina with an import gap of $42.4M.

See methodology.

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