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2022
Exports $462MWorld Rnk 4 / 120
Flag Rnk 409 / 1217
2022
Destination $11.2M Canada
2021 - 2022
FASTEST GROWING MARKET $11.2MMexico
2022
PRODUCT COMPLEXITY IN Bovine-0.97Rnk 830 / 1025
2022
Imports $1.61BWorld Rnk 1 / 153
Flag Rnk 299 / 1216
2022
Origin $278M Canada
2021 - 2022
FASTEST GROWING ORIGIN $278MCanada
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $462M in Bovine, making it the 4th largest exporter of Bovine in the world. At the same year, Bovine was the 409th most exported product in United States. The main destination of Bovine exports from United States are: Canada ($307M), Mexico ($127M), Russia ($5.42M), Turkey ($4.69M), and Pakistan ($4.6M).

The fastest growing export markets for Bovine of United States between 2021 and 2022 were Mexico ($11.2M), Russia ($5.05M), and Laos ($2.47M).

Imports In 2022, United States imported $1.61B in Bovine, becoming the 1st largest importer of Bovine in the world. At the same year, Bovine was the 299th most imported product in United States. United States imports Bovine primarily from: Canada ($1.16B), Mexico ($454M), Ethiopia ($125), Malawi ($103), and United Arab Emirates ($95).

The fastest growing import markets in Bovine for United States between 2021 and 2022 were Canada ($278M), Ethiopia ($125), and Malawi ($103).

COMPANIES In 2023, leading companies such as Spencer Gifts (53), ZF Friedrichshafen (25), and NOURYON FUNCTIONAL CHEMICALS LLC (18) were at the forefront of shipping Bovine to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United States' Bovine exports accounted up to $31.2M and imports accounted up to $232M, resulting in a negative trade balance of $201M. Between June 2023 and June 2024 the exports of United States'   Bovine have decreased by $-5.04M (-13.9%) from $36.3M to $31.2M, while imports increased by $58M (33.3%) from $174M to $232M.

Destinations In June 2024, Bovine were exported mostly to Canada ($28.2M), Mexico ($2.42M), Philippines ($190k), Venezuela ($151k), and Brazil ($75k), and were imported mostly from Mexico ($125M), Canada ($108M), and Australia ($0).

Growth In June 2024, the decrease in Bovine's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-13.9M or -72.7%) and Thailand ($-700k or -77.3%). In June 2024, the increase in Bovine's year-by-year imports was explained primarily by an increase in imports from Mexico ($22M or 45.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-5.04M(-13.9%)
IMPORT GROWTH (June 2023 - June 2024)$58M(33.3%)
MAIN EXPORTER (June 2024)Idaho$19.1M
MAIN DESTINATION (June 2024)Canada$28.2M

This section shows Bovine'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 over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$462M
IMPORTS (2022)$1.61B
NET TRADE (2022)-$1.15B

In 2022, United States exported $462M in Bovine. The main destinations of United States exports on Bovine were Canada ($307M), Mexico ($127M), Russia ($5.42M), Turkey ($4.69M), and Pakistan ($4.6M).

In 2022, United States imported $1.61B in Bovine, mainly from Canada ($1.16B), Mexico ($454M), Ethiopia ($125), Malawi ($103), and United Arab Emirates ($95).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bovine EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$11.2M (9.74%)
Russia$5.05M (1.36k%)
Laos$2.47M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bovine BY United States WERE (2021 - 2022):
Canada-$58.1M (-15.9%)
Pakistan-$10.3M (-69.2%)
Vietnam-$9.71M (-68.5%)
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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 were:
France $1.72B
Canada $1.16B
Australia $752M
In 2022, United States's main importing competitors in Bovine were:
Italy $1.52B
China $441M

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Trade Value of Bovine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALTurkey+ $3.14M
TOP IMPORT POTENTIALFrance+ $11.4k

Bovine’s highest export potential is Turkey. With an export gap of $3.14M.   Bovine’s highest import potential is France with an import gap of $11.4k.

See methodology.

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