HS Icon Wool in  Flag Australia

2020
Exports | Imports
: $1.58B | $11.5M, World Rnk 1 / 104
Flag Rnk 17 / 1205 | World Rnk 16 / 126
Flag Rnk 739 / 1203

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $227k | $555k, Spain |  China

2020
ECONOMIC COMPLEXITY of Australia
: -0.31, Rnk 74 / 127

2020
PRODUCT COMPLEXITY  IN Wool
: -2.19, Rnk 1016 / 1029

Exports In 2020, Australia exported $1.58B in Wool, making it the 1st largest exporter of Wool in the world. At the same year, Wool was the 17th most exported product in Australia. The main destination of Wool exports from Australia are: China ($1.27B), India ($98.3M), Italy ($60.2M), Czechia ($41.8M), and South Korea ($36M).

The fastest growing export markets for Wool of Australia between 2019 and 2020 were Spain ($227k), Russia ($113k), and Switzerland ($103k).

Imports In 2020, Australia imported $11.5M in Wool, becoming the 16th largest importer of Wool in the world. At the same year, Wool was the 739th most imported product in Australia. Australia imports Wool primarily from: New Zealand ($9.88M), China ($1.11M), South Africa ($348k), United Kingdom ($113k), and United States ($20.4k).

The fastest growing import markets in Wool for Australia between 2019 and 2020 were China ($555k), United States ($15.6k), and Turkey ($1.7k).

Subnational Monthly Trade

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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

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EXPORTS (2020): $1.58B

IMPORTS (2020): $11.5M

NET TRADE (2020): $1.56B

In 2020, Australia exported $1.58B in Wool. The main destinations of Australia exports on Wool were China ($1.27B), India ($98.3M), Italy ($60.2M), Czechia ($41.8M), and South Korea ($36M).

In 2020, Australia imported $11.5M in Wool, mainly from New Zealand ($9.88M), China ($1.11M), South Africa ($348k), United Kingdom ($113k), and United States ($20.4k).

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THE FASTEST GROWING Wool EXPORT MARKETS FOR Australia WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool BY Australia WERE (2019 - 2020):

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Market Concentration

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In 2020, Australia's main exporting competitors in Wool were:

In 2020, Australia's main importing competitors in Wool were:

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