2022
Exports
$5.72BWorld Rnk 2 / 141
Flag Rnk 59 / 1217
2022
PRODUCT COMPLEXITY IN Frozen Bovine Meat
-1.24Rnk 891 / 1025
2022
Imports
$2.83BWorld Rnk 3 / 219
Flag Rnk 197 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $5.72B in Frozen Bovine Meat, making it the 2nd largest exporter of Frozen Bovine Meat in the world. At the same year, Frozen Bovine Meat was the 59th most exported product in United States. The main destination of Frozen Bovine Meat exports from United States are: China ($1.69B), South Korea ($1.67B), Japan ($660M), Chinese Taipei ($363M), and Hong Kong ($274M).

The fastest growing export markets for Frozen Bovine Meat of United States between 2021 and 2022 were South Korea ($408M), China ($407M), and Japan ($164M).

Imports In 2022, United States imported $2.83B in Frozen Bovine Meat, becoming the 3rd largest importer of Frozen Bovine Meat in the world. At the same year, Frozen Bovine Meat was the 197th most imported product in United States. United States imports Frozen Bovine Meat primarily from: New Zealand ($735M), Australia ($665M), Brazil ($450M), Uruguay ($275M), and Nicaragua ($235M).

The fastest growing import markets in Frozen Bovine Meat for United States between 2021 and 2022 were Australia ($98.5M), Uruguay ($58.8M), and Mexico ($53.1M).

COMPANIES In 2023, leading companies such as JBS Foods (1.55k), Lawrence Wholesale (259), and Ceramic Technics (2) were at the forefront of shipping Frozen Bovine Meat to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$11.3M(2.94%)
IMPORT GROWTH (June 2023 - June 2024)$91.1M(34%)
MAIN EXPORTER (June 2024)Nebraska$67.2M
MAIN DESTINATION (June 2024)South Korea$99.1M

This section shows Frozen Bovine Meat'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 Frozen Bovine Meat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.72B
IMPORTS (2022)$2.83B
NET TRADE (2022)$2.88B

In 2022, United States exported $5.72B in Frozen Bovine Meat. The main destinations of United States exports on Frozen Bovine Meat were China ($1.69B), South Korea ($1.67B), Japan ($660M), Chinese Taipei ($363M), and Hong Kong ($274M).

In 2022, United States imported $2.83B in Frozen Bovine Meat, mainly from New Zealand ($735M), Australia ($665M), Brazil ($450M), Uruguay ($275M), and Nicaragua ($235M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Frozen Bovine Meat EXPORT MARKETS FOR United States WERE (2021 - 2022):
South Korea$408M (32.3%)
China$407M (31.6%)
Japan$164M (33.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Frozen Bovine Meat BY United States WERE (2021 - 2022):
Hong Kong-$90M (-24.7%)
Macau-$15M (-93.1%)
Chile-$13.5M (-40.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Frozen Bovine Meat were:
In 2022, United States's main importing competitors in Frozen Bovine Meat were:

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Trade Value of Frozen Bovine Meat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $94.9M
TOP IMPORT POTENTIALBrazil+ $160M

Frozen Bovine Meat’s highest export potential is China. With an export gap of $94.9M.   Frozen Bovine Meat’s highest import potential is Brazil with an import gap of $160M.

See methodology.

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