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2022
Exports $588MWorld Rnk 10 / 141
Flag Rnk 148 / 1210
2022
Destination $55M Japan
2021 - 2022
FASTEST GROWING MARKET $55MSouth Korea
2022
PRODUCT COMPLEXITY IN Frozen Bovine Meat-1.24Rnk 891 / 1025
2022
Imports $284MWorld Rnk 21 / 219
Flag Rnk 345 / 1213
2022
Origin $21.3M New Zealand
2021 - 2022
FASTEST GROWING ORIGIN $21.3MAustralia
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

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

August 2024

About

Overview In August 2024 Canada's Frozen Bovine Meat exports accounted up to C$45M and imports accounted up to C$42.3M, resulting in a positive trade balance of C$2.72M. Between August 2023 and August 2024 the exports of Canada's   Frozen Bovine Meat have increased by C$308k (0.69%) from C$44.7M to C$45M, while imports decreased by C$-116k (-0.27%) from C$42.4M to C$42.3M.

Destinations In August 2024, Frozen Bovine Meat were exported mostly to United States (C$14.1M), South Korea (C$9.8M), Vietnam (C$8.84M), Japan (C$6.07M), and Colombia (C$2.57M), and were imported mostly from New Zealand (C$19M), Australia (C$9.22M), United Kingdom (C$3.74M), United States (C$3.09M), and Ireland (C$2.23M).

Growth In August 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$486k or 150%). In August 2024, the decrease in Frozen Bovine Meat's year-by-year imports was explained primarily by a decrease in imports from Italy (C$-2.61M or -84%), United Kingdom (C$-1.61M or -57.1%), and Denmark (C$-1.21M or -88.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$308k(0.69%)
IMPORT GROWTH (August 2023 - August 2024)C$-116k(-0.27%)
MAIN EXPORTER (August 2024)AlbertaC$42.4M
MAIN DESTINATION (August 2024)United StatesC$14.1M

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$588M
IMPORTS (2022)$284M
NET TRADE (2022)$304M

In 2022, Canada exported $588M in Frozen Bovine Meat. The main destinations of Canada exports on Frozen Bovine Meat were Japan ($180M), United States ($144M), South Korea ($134M), Vietnam ($69.9M), and Hong Kong ($28.5M).

In 2022, Canada imported $284M in Frozen Bovine Meat, mainly from New Zealand ($55M), Uruguay ($46.7M), Australia ($44.8M), United States ($44.2M), and Brazil ($19M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Frozen Bovine Meat EXPORT MARKETS FOR Canada WERE (2021 - 2022):
South Korea$55M (69.9%)
Japan$35.1M (24.3%)
United States$29.4M (25.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Frozen Bovine Meat BY Canada WERE (2021 - 2022):
China-$153M (-99.1%)
Hong Kong-$23.2M (-44.8%)
Chinese Taipei-$1.1M (-13.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Frozen Bovine Meat were:
Brazil $11B
United States $5.72B
Australia $4.48B
In 2022, Canada's main importing competitors in Frozen Bovine Meat were:
China $16.6B
South Korea $2.86B
United States $2.83B

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Trade Value of Frozen Bovine Meat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $85.9M
TOP IMPORT POTENTIALUnited States+ $41M

Frozen Bovine Meat’s highest export potential is United States. With an export gap of $85.9M.   Frozen Bovine Meat’s highest import potential is United States with an import gap of $41M.

See methodology.

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