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2022
Exports $9.69MWorld Rnk 18 / 109
Flag Rnk 964 / 1217
2022
Destination $338k India
2021 - 2022
FASTEST GROWING MARKET $338kBulgaria
2022
PRODUCT COMPLEXITY IN Wool-2.11Rnk 1004 / 1025
2022
Imports $223MWorld Rnk 2 / 137
Flag Rnk 416 / 1215
2022
Origin $49.5M Australia
2021 - 2022
FASTEST GROWING ORIGIN $49.5MAustralia
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $9.69M in Wool, making it the 18th largest exporter of Wool in the world. At the same year, Wool was the 964th most exported product in Italy. The main destination of Wool exports from Italy are: India ($2.81M), Poland ($2.01M), Hungary ($964k), China ($590k), and Portugal ($489k).

The fastest growing export markets for Wool of Italy between 2021 and 2022 were Bulgaria ($338k), Portugal ($314k), and Vietnam ($267k).

Imports In 2022, Italy imported $223M in Wool, becoming the 2nd largest importer of Wool in the world. At the same year, Wool was the 416th most imported product in Italy. Italy imports Wool primarily from: Australia ($150M), New Zealand ($28.9M), South Africa ($23M), Germany ($4.77M), and Uruguay ($4.03M).

The fastest growing import markets in Wool for Italy between 2021 and 2022 were Australia ($49.5M), South Africa ($3.59M), and Germany ($2.41M).

Latest Trends

March 2024

About

Overview In March 2024 Italy's Wool exports accounted up to €801k and imports accounted up to €10.8M, resulting in a negative trade balance of €10M. Between March 2023 and March 2024 the exports of Italy's   Wool have increased by €197k (32.6%) from €604k to €801k, while imports decreased by €-3.4M (-23.9%) from €14.2M to €10.8M.

Destinations In March 2024, Wool were exported mostly to Poland (€464k), Hungary (€219k), Germany (€97k), Tunisia (€20k), and United States (€1.44k), and were imported mostly from Australia (€5.38M), South Africa (€2.1M), New Zealand (€1.82M), China (€503k), and Germany (€354k).

Growth In March 2024, the increase in Wool's year-by-year exports was explained primarily by an increase in exports to Poland (€75.1k or 46%). In March 2024, the decrease in Wool's year-by-year imports was explained primarily by a decrease in imports from Argentina (€-811k or -98.2%), Germany (€-574k or -78.8%), and China (€-104k or -31.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€197k(32.6%)
IMPORT GROWTH (March 2023 - March 2024)€-3.4M(-23.9%)
MAIN DESTINATION (March 2024)Poland€464k

This section shows Wool's exports and imports data at subnational level for Italy. 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 Wool over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.69M
IMPORTS (2022)$223M
NET TRADE (2022)-$214M

In 2022, Italy exported $9.69M in Wool. The main destinations of Italy exports on Wool were India ($2.81M), Poland ($2.01M), Hungary ($964k), China ($590k), and Portugal ($489k).

In 2022, Italy imported $223M in Wool, mainly from Australia ($150M), New Zealand ($28.9M), South Africa ($23M), Germany ($4.77M), and Uruguay ($4.03M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wool EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Bulgaria$338k (1%)
Portugal$314k (179%)
Vietnam$267k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool BY Italy WERE (2021 - 2022):
Lithuania-$224k (-36.1%)
Hungary-$208k (-17.7%)
Belgium-$152k (-74.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Wool were:
Australia $2.22B
South Africa $301M
New Zealand $275M
In 2022, Italy's main importing competitors in Wool were:
China $2.16B
India $205M

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Trade Value of Wool by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $988k
TOP IMPORT POTENTIALSouth Africa+ $1.25M

Wool’s highest export potential is China. With an export gap of $988k.   Wool’s highest import potential is South Africa with an import gap of $1.25M.

See methodology.

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