2023
Exports
$1.99BWorld Rnk 1 / 104
Flag Rnk 20 / 1208
2023
PRODUCT COMPLEXITY IN Wool
-2.02Rnk 1001 / 1025
2023
Imports
$5.35MWorld Rnk 24 / 132
Flag Rnk 884 / 1207
2023
ECONOMIC COMPLEXITY of Australia
-0.28Rnk 75 / 132

About

Exports In 2023, Australia exported $1.99B in Wool, making it the 1st largest exporter of Wool in the world. At the same year, Wool was the 20th most exported product in Australia. The main destination of Wool exports from Australia are: China ($1.58B), Italy ($139M), India ($123M), Czechia ($34.6M), and South Korea ($26.4M).

The fastest growing export markets for Wool of Australia between 2022 and 2023 were India ($78M), Japan ($5.83M), and Vietnam ($994k).

Imports In 2023, Australia imported $5.35M in Wool, becoming the 24th largest importer of Wool in the world. At the same year, Wool was the 884th most imported product in Australia. Australia imports Wool primarily from: New Zealand ($4.42M), China ($619k), United Kingdom ($302k), Germany ($4k), and United States ($3.23k).

The fastest growing import markets in Wool for Australia between 2022 and 2023 were China ($159k), Germany ($4k), and United States ($3.23k).

Latest Trends

Dec 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. 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 (2023)$1.99B
IMPORTS (2023)$5.35M
NET TRADE (2023)$1.99B

In 2023, Australia exported $1.99B in Wool. The main destinations of Australia exports on Wool were China ($1.58B), Italy ($139M), India ($123M), Czechia ($34.6M), and South Korea ($26.4M).

In 2023, Australia imported $5.35M in Wool, mainly from New Zealand ($4.42M), China ($619k), United Kingdom ($302k), Germany ($4k), and United States ($3.23k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wool EXPORT MARKETS FOR Australia WERE (2022 - 2023):
India$78M (173%)
Japan$5.83M (57.9%)
Vietnam$994k (2.48k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool BY Australia WERE (2022 - 2023):
China-$126M (-7.37%)
Czechia-$18.5M (-34.8%)
South Korea-$17.9M (-40.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Australia's main exporting competitors in Wool were:
In 2023, Australia's main importing competitors in Wool were:
China $2.02B
India $255M
Italy $209M

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Trade Value of Wool by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $13.6M
TOP IMPORT POTENTIALUnited Kingdom+ $74k

Wool’s highest export potential is India. With an export gap of $13.6M.   Wool’s highest import potential is United Kingdom with an import gap of $74k.

See methodology.

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