2023
Exports
$281MWorld Rnk 3 / 104
Flag Rnk 24 / 1166
2023
PRODUCT COMPLEXITY IN Wool
-2.02Rnk 1001 / 1025
2023
Imports
$132kWorld Rnk 63 / 132
Flag Rnk 1067 / 1196
2023
ECONOMIC COMPLEXITY of New Zealand
0.48Rnk 43 / 132

About

Exports In 2023, New Zealand exported $281M in Wool, making it the 3rd largest exporter of Wool in the world. At the same year, Wool was the 24th most exported product in New Zealand. The main destination of Wool exports from New Zealand are: China ($99.1M), India ($64.9M), Italy ($25.4M), United Kingdom ($16.3M), and Lithuania ($10.1M).

The fastest growing export markets for Wool of New Zealand between 2022 and 2023 were India ($22.5M), Romania ($2.27M), and Czechia ($676k).

Imports In 2023, New Zealand imported $132k in Wool, becoming the 63rd largest importer of Wool in the world. At the same year, Wool was the 1067th most imported product in New Zealand. New Zealand imports Wool primarily from: Australia ($117k), India ($7.29k), United States ($5.3k), South Africa ($1.6k), and Uruguay ($196).

The fastest growing import markets in Wool for New Zealand between 2022 and 2023 were India ($7.29k), United States ($5.3k), and South Africa ($1.6k).

Historical Data

Trade Balance

Color
EXPORTS (2023)$281M
IMPORTS (2023)$132k
NET TRADE (2023)$281M

In 2023, New Zealand exported $281M in Wool. The main destinations of New Zealand exports on Wool were China ($99.1M), India ($64.9M), Italy ($25.4M), United Kingdom ($16.3M), and Lithuania ($10.1M).

In 2023, New Zealand imported $132k in Wool, mainly from Australia ($117k), India ($7.29k), United States ($5.3k), South Africa ($1.6k), and Uruguay ($196).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wool EXPORT MARKETS FOR New Zealand WERE (2022 - 2023):
India$22.5M (53.1%)
Romania$2.27M (4.51k%)
Czechia$676k (10%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool BY New Zealand WERE (2022 - 2023):
Italy-$3.09M (-10.8%)
Germany-$2.58M (-37.7%)
United States-$2.29M (-29.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, New Zealand's main exporting competitors in Wool were:
In 2023, New Zealand'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 POTENTIALEgypt+ $357k
TOP IMPORT POTENTIALAustralia+ $104k

Wool’s highest export potential is Egypt. With an export gap of $357k.   Wool’s highest import potential is Australia with an import gap of $104k.

See methodology.

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