2022
Exports
$20.8MWorld Rnk 11 / 109
Flag Rnk 815 / 1214
2022
PRODUCT COMPLEXITY IN Wool
-2.11Rnk 1004 / 1025
2022
Imports
$6.53MWorld Rnk 27 / 137
Flag Rnk 1057 / 1214
2022
ECONOMIC COMPLEXITY of Spain
0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $20.8M in Wool, making it the 11th largest exporter of Wool in the world. At the same year, Wool was the 815th most exported product in Spain. The main destination of Wool exports from Spain are: China ($11.3M), Portugal ($1.86M), Uruguay ($1.76M), Lithuania ($1.22M), and Italy ($841k).

The fastest growing export markets for Wool of Spain between 2021 and 2022 were Uruguay ($1M), Belgium ($372k), and Italy ($284k).

Imports In 2022, Spain imported $6.53M in Wool, becoming the 27th largest importer of Wool in the world. At the same year, Wool was the 1057th most imported product in Spain. Spain imports Wool primarily from: Portugal ($2.7M), Australia ($778k), United Kingdom ($603k), Germany ($535k), and Tunisia ($286k).

The fastest growing import markets in Wool for Spain between 2021 and 2022 were Belgium ($233k), France ($224k), and Germany ($221k).

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. 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)$20.8M
IMPORTS (2022)$6.53M
NET TRADE (2022)$14.3M

In 2022, Spain exported $20.8M in Wool. The main destinations of Spain exports on Wool were China ($11.3M), Portugal ($1.86M), Uruguay ($1.76M), Lithuania ($1.22M), and Italy ($841k).

In 2022, Spain imported $6.53M in Wool, mainly from Portugal ($2.7M), Australia ($778k), United Kingdom ($603k), Germany ($535k), and Tunisia ($286k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wool EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Uruguay$1M (133%)
Belgium$372k (150%)
Italy$284k (50.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool BY Spain WERE (2021 - 2022):
China-$2.37M (-17.3%)
Egypt-$274k (-40.3%)
United Kingdom-$155k (-16.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Spain's main exporting competitors in Wool were:
In 2022, Spain'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 POTENTIALChina+ $2.86M
TOP IMPORT POTENTIALAustralia+ $688k

Wool’s highest export potential is China. With an export gap of $2.86M.   Wool’s highest import potential is Australia with an import gap of $688k.

See methodology.

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