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Pricing

Meat of bovine animals; fresh or chilled

0201 (Harmonized System 1992 for 4-digit)

2022
World Trade $29.2BRnk 162 / 1218
2022
Top Exporter | Top Importer $4.32B | $4.85BUnited States | United States
2022
Product Complexity -0.61Rnk 738 / 1033
2021 - 2022
Export Growth (CAGR) 2.59%Rnk 731 / 1218
2022
Share of World Trade 0.12%Rnk 162 / 1218

About

Overview This page contains the latest trade data of Bovine Meat. In 2022, Bovine Meat were the world's 162nd most traded product, with a total trade of $29.2B. Between 2021 and 2022 the exports of Bovine Meat grew by 2.59%, from $28.5B to $29.2B. Trade in Bovine Meat represent 0.12% of total world trade.

Bovine Meat are a part of Meat & edible offal. They include Fresh/Chilled Boneless Beef Cuts, Fresh/Chilled Beef Cuts with Bone, and Fresh/Chilled Beef (Whole & Halves).

Exports In 2022 the top exporters of Bovine Meat  were United States ($4.32B), Netherlands ($2.86B), Australia ($2.72B), Canada ($2.55B), and Ireland ($2.02B).

Imports In 2022 the top importers of Bovine Meat were United States ($4.85B), Germany ($2.36B), Netherlands ($2.18B), Italy ($2.18B), and Japan ($1.95B).

Ranking Bovine Meat ranks 738th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bovine Meat. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)United States$4.32B
Top Destination (2022)United States$4.85B

In 2022 Bovine Meat were the world's 162nd most traded product (out of 1,218).

In 2022, the top exporters of Bovine Meat were United States ($4.32B), Netherlands ($2.86B), Australia ($2.72B), Canada ($2.55B), and Ireland ($2.02B).

In 2022, the top importers of Bovine Meat were United States ($4.85B), Germany ($2.36B), Netherlands ($2.18B), Italy ($2.18B), and Japan ($1.95B).

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Exporters of Bovine Meat (2022)
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Importers of Bovine Meat (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Netherlands$294M
Top Destination Growth (2021 -  2022)Netherlands$408M

Between 2021 and 2022, the exports of Bovine Meat grew the fastest in Netherlands ($294M), Poland ($213M), Spain ($197M), Pakistan ($131M), and Ireland ($105M).

Between 2021 and 2022, the fastest growing importers of Bovine Meat were Netherlands ($408M), France ($292M), Italy ($205M), Germany ($150M), and Kuwait ($102M).

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Exporters of Bovine Meat (2021 - 2022)

Importers of Bovine Meat (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bovine Meat.

In 2022, market concentration measured using Shannon Entropy, was 4.34. This means that most of the exports of Bovine Meat are explained by 20 countries.

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Value of Exports in Bovine Meat

Net Trade

TOP NET EXPORTER (2022)Australia$2.7B
TOP NET IMPORTER (2022)Japan$1.73B

This map shows which countries export or import more of Bovine Meat. Each country is colored based on the difference in exports and imports of Bovine Meat during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Bovine Meat were Australia ($2.7B), Ireland ($1.94B), Canada ($1.86B), Poland ($1.47B), and Mexico ($893M).

In 2022, the countries that had a largest trade value in imports than in exports of Bovine Meat were Japan ($1.73B), Italy ($1.63B), South Korea ($1.37B), Chile ($1.23B), and Germany ($1.09B).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Bovine Meat, disaggragated by their HS6 level were Fresh/Chilled Boneless Beef Cuts ($21B), Fresh/Chilled Beef Cuts with Bone ($5.64B), and Fresh/Chilled Beef (Whole & Halves) ($2.55B)

HS6 Disaggregation for Bovine Meat (2022)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Bovine Meat.
It is possible to select the main countries that export or import Bovine Meat in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Bovine Meat by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $29.5M
TOP IMPORT POTENTIALUnited States+ $18.9M

Bovine Meat’s highest export potential is United States. With an export gap of $29.5M.  Bovine Meat’s highest import potential is United States with an import gap of $18.9M.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Bovine Meat.

Country by Relatedness

The following visualization shows the relatedness of Bovine Meat to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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