2022
Exports
$2.24BWorld Rnk 1 / 160
Flag Rnk 19 / 96
2022
PRODUCT COMPLEXITY IN Wool & animal hair
0.58Rnk 333 / 1025
2022
Imports
$55.9MWorld Rnk 37 / 194
Flag Rnk 88 / 96
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $2.24B in Wool & animal hair, making it the 1st largest exporter of Wool & animal hair in the world. At the same year, Wool & animal hair was the 19th most exported product in Australia. The main destination of Wool & animal hair exports from Australia are: China ($1.77B), Italy ($154M), India ($107M), Czechia ($48.7M), and South Korea ($42.1M).

The fastest growing export markets for Wool & animal hair of Australia between 2021 and 2022 were India ($81.1M), Italy ($51.8M), and Egypt ($14.6M).

Imports In 2022, Australia imported $55.9M in Wool & animal hair, becoming the 37th largest importer of Wool & animal hair in the world. At the same year, Wool & animal hair was the 88th most imported product in Australia. Australia imports Wool & animal hair primarily from: New Zealand ($22.4M), China ($13.9M), Italy ($3.08M), United Kingdom ($2.9M), and India ($2.71M).

The fastest growing import markets in Wool & animal hair for Australia between 2021 and 2022 were Vietnam ($677k), Czechia ($499k), and Turkey ($425k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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

The following visualization shows the latest trends on Wool & animal hair. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.24B
IMPORTS (2022)$55.9M
NET TRADE (2022)$2.18B

In 2022, Australia exported $2.24B in Wool & animal hair. The main destinations of Australia exports on Wool & animal hair were China ($1.77B), Italy ($154M), India ($107M), Czechia ($48.7M), and South Korea ($42.1M).

In 2022, Australia imported $55.9M in Wool & animal hair, mainly from New Zealand ($22.4M), China ($13.9M), Italy ($3.08M), United Kingdom ($2.9M), and India ($2.71M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wool & animal hair EXPORT MARKETS FOR Australia WERE (2021 - 2022):
India$81.1M (310%)
Italy$51.8M (50.5%)
Egypt$14.6M (122%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool & animal hair BY Australia WERE (2021 - 2022):
China-$142M (-7.44%)
Czechia-$14M (-22.4%)
Mauritius-$1.68M (-56.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Wool & animal hair were:
China $2.23B
Italy $2.03B
In 2022, Australia's main importing competitors in Wool & animal hair were:
China $2.97B
Italy $1.62B

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Trade Value of Wool & animal hair by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $13.6M
TOP IMPORT POTENTIALItaly+ $994k

Wool & animal hair’s highest export potential is India. With an export gap of $13.6M.   Wool & animal hair’s highest import potential is Italy with an import gap of $994k.

See methodology.

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