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Carpets of wool or fine animal hair, tufted

570310 (Harmonized System 1992 for 6-digit)

2022
World Trade $631MRnk 2699 / 4648
2022
Top Exporter | Top Importer $195M | $194MIndia | United States
2022
Product Complexity -0.52Rnk 3231 / 4653
2021 - 2022
Export Growth (CAGR) 4.05%Rnk 2374 / 4648
2022
Share of World Trade 0.0027%Rnk 2699 / 4648

About

Overview This page contains the latest trade data of Carpets of wool or fine animal hair tufted. In 2022, Carpets of wool or fine animal hair tufted were the world's 2699th most traded product, with a total trade of $631M. Between 2021 and 2022 the exports of Carpets of wool or fine animal hair tufted grew by 4.05%, from $606M to $631M. Trade in Carpets of wool or fine animal hair tufted represent 0.0027% of total world trade.

Carpets of wool or fine animal hair tufted are a part of Tufted Carpets.

Exports In 2022 the top exporters of Carpets of wool or fine animal hair tufted  were India ($195M), China ($62.9M), Netherlands ($60.4M), New Zealand ($47.3M), and United States ($46M).

Imports In 2022 the top importers of Carpets of wool or fine animal hair tufted were United States ($194M), United Kingdom ($79.4M), Australia ($55.7M), Canada ($29.4M), and Germany ($27.1M).

Ranking Carpets of wool or fine animal hair tufted ranks 3231st in the Product Complexity Index (PCI).

Description Wool carpets are mainly used for decoration purposes in homes. They are made of wool or fine animal hair, tufted tightly together with a row of knots running parallel to the length of the carpet.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Carpets of wool or fine animal hair tufted. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)India$195M
Top Destination (2022)United States$194M

In 2022 Carpets of wool or fine animal hair tufted were the world's 2699th most traded product (out of 4,648).

In 2022, the top exporters of Carpets of wool or fine animal hair tufted were India ($195M), China ($62.9M), Netherlands ($60.4M), New Zealand ($47.3M), and United States ($46M).

In 2022, the top importers of Carpets of wool or fine animal hair tufted were United States ($194M), United Kingdom ($79.4M), Australia ($55.7M), Canada ($29.4M), and Germany ($27.1M).

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Exporters of Carpets of wool or fine animal hair tufted (2022)
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Importers of Carpets of wool or fine animal hair tufted (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$15.6M
Top Destination Growth (2021 -  2022)Mexico$8.14M

Between 2021 and 2022, the exports of Carpets of wool or fine animal hair tufted grew the fastest in United States ($15.6M), China ($9M), Thailand ($6.55M), France ($4.54M), and Germany ($4.54M).

Between 2021 and 2022, the fastest growing importers of Carpets of wool or fine animal hair tufted were Mexico ($8.14M), United Arab Emirates ($7.79M), Saudi Arabia ($4.45M), France ($3.6M), and United Kingdom ($2.88M).

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Exporters of Carpets of wool or fine animal hair tufted (2021 - 2022)

Importers of Carpets of wool or fine animal hair tufted (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Carpets of wool or fine animal hair tufted.

In 2022, market concentration measured using Shannon Entropy, was 3.77. This means that most of the exports of Carpets of wool or fine animal hair tufted are explained by 13 countries.

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Value of Exports in Carpets of wool or fine animal hair tufted

Net Trade

TOP NET EXPORTER (2022)India$193M
TOP NET IMPORTER (2022)United States$148M

This map shows which countries export or import more of Carpets of wool or fine animal hair tufted. Each country is colored based on the difference in exports and imports of Carpets of wool or fine animal hair tufted during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Carpets of wool or fine animal hair tufted were India ($193M), China ($57.8M), Netherlands ($48.6M), New Zealand ($37.3M), and Denmark ($34M).

In 2022, the countries that had a largest trade value in imports than in exports of Carpets of wool or fine animal hair tufted were United States ($148M), United Kingdom ($73.6M), Australia ($52.5M), Canada ($26.3M), and France ($15M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Carpets of wool or fine animal hair tufted.
It is possible to select the main countries that export or import Carpets of wool or fine animal hair tufted in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Carpets of wool or fine animal hair tufted by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

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