Frozen Bovine Meat in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $588M in Frozen Bovine Meat, making it the 10th largest exporter of Frozen Bovine Meat in the world. At the same year, Frozen Bovine Meat was the 148th most exported product in Canada. The main destination of Frozen Bovine Meat exports from Canada are: Japan ($180M), United States ($144M), South Korea ($134M), Vietnam ($69.9M), and Hong Kong ($28.5M).

The fastest growing export markets for Frozen Bovine Meat of Canada between 2021 and 2022 were South Korea ($55M), Japan ($35.1M), and United States ($29.4M).

Imports In 2022, Canada imported $284M in Frozen Bovine Meat, becoming the 21st largest importer of Frozen Bovine Meat in the world. At the same year, Frozen Bovine Meat was the 345th most imported product in Canada. Canada imports Frozen Bovine Meat primarily from: New Zealand ($55M), Uruguay ($46.7M), Australia ($44.8M), United States ($44.2M), and Brazil ($19M).

The fastest growing import markets in Frozen Bovine Meat for Canada between 2021 and 2022 were Australia ($21.3M), Brazil ($13.5M), and United Kingdom ($10.8M).

COMPANIES In 2023, leading companies such as Samsung (1) were at the forefront of shipping Frozen Bovine Meat from Canada to the United States.

Latest Trends

March 2024

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Overview In March 2024 Canada's Frozen Bovine Meat exports accounted up to C$56.7M and imports accounted up to C$41M, resulting in a positive trade balance of C$15.7M. Between March 2023 and March 2024 the exports of Canada's Frozen Bovine Meat have increased by C$14.6M (34.6%) from C$42.1M to C$56.7M, while imports increased by C$7.43M (22.1%) from C$33.5M to C$41M.

Destinations In March 2024, Frozen Bovine Meat were exported mostly to Japan (C$17.7M), United States (C$13.9M), South Korea (C$12.6M), Vietnam (C$5.51M), and Saudi Arabia (C$1.51M), and were imported mostly from New Zealand (C$9.85M), Uruguay (C$8.03M), Australia (C$4.66M), Ireland (C$3.93M), and Mexico (C$3.65M).

Growth In March 2024, the increase in Frozen Bovine Meat's year-by-year exports was explained primarily by an increase in exports to South Korea (C$8.16M or 169%), United States (C$618k or 4.3%), and Chinese Taipei (C$486k or 150%). In March 2024, the increase in Frozen Bovine Meat's year-by-year imports was explained primarily by an increase in imports from Uruguay (C$8.54M or 191%), United States (C$1.7M or 50.6%), and Australia (C$294k or 5.89%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)C$14.6M(34.6%)

IMPORT GROWTH (March 2023 - March 2024)C$7.43M(22.1%)

MAIN EXPORTER (March 2024)AlbertaC$42.4M

MAIN DESTINATION (March 2024)JapanC$17.7M

This section shows Frozen 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 Frozen Bovine Meat over time.

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