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2023
Exports $433MWorld Rnk 11 / 136
Flag Rnk 185 / 1212
2023
Destination $4.67M Japan
2022 - 2023
FASTEST GROWING MARKET $4.67MHong Kong
2023
PRODUCT COMPLEXITY IN Frozen Bovine Meat-1.1Rnk 854 / 1025
2023
Imports $335MWorld Rnk 19 / 225
Flag Rnk 281 / 1211
2023
Origin $26.4M New Zealand
2022 - 2023
FASTEST GROWING ORIGIN $26.4MAustralia
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $433M in Frozen Bovine Meat, making it the 11th largest exporter of Frozen Bovine Meat in the world. At the same year, Frozen Bovine Meat was the 185th most exported product in Canada. The main destination of Frozen Bovine Meat exports from Canada are: Japan ($131M), United States ($130M), South Korea ($80.2M), Hong Kong ($36.6M), and Vietnam ($28.5M).

The fastest growing export markets for Frozen Bovine Meat of Canada between 2022 and 2023 were Hong Kong ($4.67M), Chile ($2.2M), and Uruguay ($1.93M).

Imports In 2023, Canada imported $335M in Frozen Bovine Meat, becoming the 19th largest importer of Frozen Bovine Meat in the world. At the same year, Frozen Bovine Meat was the 281st most imported product in Canada. Canada imports Frozen Bovine Meat primarily from: New Zealand ($82.9M), Australia ($71.9M), Uruguay ($59.1M), United States ($35.5M), and Brazil ($20.9M).

The fastest growing import markets in Frozen Bovine Meat for Canada between 2022 and 2023 were Australia ($26.4M), New Zealand ($26.2M), and Uruguay ($14M).

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

November 2024

About

Overview In November 2024 Canada's Frozen Bovine Meat exports accounted up to C$53.3M and imports accounted up to C$68.3M, resulting in a negative trade balance of C$15M. Between November 2023 and November 2024 the exports of Canada's   Frozen Bovine Meat have increased by C$10.9M (25.7%) from C$42.4M to C$53.3M, while imports increased by C$22.7M (49.8%) from C$45.6M to C$68.3M.

Destinations In November 2024, Frozen Bovine Meat were exported mostly to United States (C$18.7M), South Korea (C$11.1M), Japan (C$7.44M), Vietnam (C$5.97M), and Hong Kong (C$4.32M), and were imported mostly from New Zealand (C$21.3M), Australia (C$18.2M), Argentina (C$6.53M), Brazil (C$5.08M), and Uruguay (C$3.96M).

Growth In November 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 November 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
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$10.9M(25.7%)
IMPORT GROWTH (November 2023 - November 2024)C$22.7M(49.8%)
MAIN EXPORTER (November 2024)AlbertaC$42.4M
MAIN DESTINATION (November 2024)United StatesC$18.7M

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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Historical Data

Trade Balance

Color
EXPORTS (2023)$433M
IMPORTS (2023)$335M
NET TRADE (2023)$98.2M

In 2023, Canada exported $433M in Frozen Bovine Meat. The main destinations of Canada exports on Frozen Bovine Meat were Japan ($131M), United States ($130M), South Korea ($80.2M), Hong Kong ($36.6M), and Vietnam ($28.5M).

In 2023, Canada imported $335M in Frozen Bovine Meat, mainly from New Zealand ($82.9M), Australia ($71.9M), Uruguay ($59.1M), United States ($35.5M), and Brazil ($20.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Frozen Bovine Meat EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Hong Kong$4.67M (14.6%)
Chile$2.2M (711%)
Uruguay$1.93M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Frozen Bovine Meat BY Canada WERE (2022 - 2023):
South Korea-$72.9M (-47.6%)
Japan-$65.4M (-33.3%)
Vietnam-$55M (-65.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Frozen Bovine Meat were:
Brazil $8.46B
Australia $4.71B
United States $4.13B
In 2023, Canada's main importing competitors in Frozen Bovine Meat were:
China $12.4B
United States $3.23B
South Korea $2.2B

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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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