2022
Exports
$2.22BWorld Rnk 1 / 109
Flag Rnk 19 / 1208
2022
PRODUCT COMPLEXITY IN Wool
-2.11Rnk 1004 / 1025
2022
Imports
$7.11MWorld Rnk 26 / 137
Flag Rnk 867 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $2.22B in Wool, making it the 1st largest exporter of Wool in the world. At the same year, Wool was the 19th most exported product in Australia. The main destination of Wool exports from Australia are: China ($1.77B), Italy ($150M), India ($107M), Czechia ($48.7M), and South Korea ($42.1M).

The fastest growing export markets for Wool of Australia between 2021 and 2022 were India ($80.9M), Italy ($49.5M), and Egypt ($14.6M).

Imports In 2022, Australia imported $7.11M in Wool, becoming the 26th largest importer of Wool in the world. At the same year, Wool was the 867th most imported product in Australia. Australia imports Wool primarily from: New Zealand ($5.74M), China ($1.16M), United Kingdom ($212k), Sweden ($198), and Spain ($128).

The fastest growing import markets in Wool for Australia between 2021 and 2022 were Sweden ($198), Spain ($128), and Belgium ($73).

Latest Trends

Oct 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 (2022)$2.22B
IMPORTS (2022)$7.11M
NET TRADE (2022)$2.22B

In 2022, Australia exported $2.22B in Wool. The main destinations of Australia exports on Wool were China ($1.77B), Italy ($150M), India ($107M), Czechia ($48.7M), and South Korea ($42.1M).

In 2022, Australia imported $7.11M in Wool, mainly from New Zealand ($5.74M), China ($1.16M), United Kingdom ($212k), Sweden ($198), and Spain ($128).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wool EXPORT MARKETS FOR Australia WERE (2021 - 2022):
India$80.9M (310%)
Italy$49.5M (49.5%)
Egypt$14.6M (122%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool BY Australia WERE (2021 - 2022):
China-$142M (-7.44%)
Czechia-$14M (-22.3%)
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 were:
In 2022, Australia's main importing competitors in Wool were:
China $2.16B
Italy $223M
India $205M

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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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