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Wool, not carded or combed

5101 (Harmonized System 1992 for 4-digit)

2023
World Trade $3.04BRnk 659 / 1217
2023
Top Exporter | Top Importer $1.99B | $2.02BAustralia | China
2023
Product Complexity -1.75Rnk 994 / 1044
2022 - 2023
Export Growth (CAGR) -4.56%Rnk 552 / 1217
2023
Share of World Trade 0.013%Rnk 659 / 1217

About

Overview This page contains the latest trade data of Wool. In 2023, Wool were the world's 659th most traded product, with a total trade of $3.04B. Between 2022 and 2023 the exports of Wool decreased by -4.56%, from $3.19B to $3.04B. Trade in Wool represent 0.013% of total world trade.

Wool are a part of Wool & animal hair. They include Greasy shorn wool, not carded or combed, Degreased shorn wool, not carded, combed or carbonize, Carbonized wool, not carded or combed, Degreased wool nes, not carded, combed or carbonized, and Greasy wool (other than shorn) not carded or combed.

Exports In 2023 the top exporters of Wool  were Australia ($1.99B), South Africa ($312M), New Zealand ($281M), Lesotho ($62.8M), and United Kingdom ($60.5M).

Imports In 2023 the top importers of Wool were China ($2.02B), India ($255M), Italy ($209M), Czechia ($95M), and Germany ($55M).

Ranking Wool ranks 994th in the Product Complexity Index (PCI).

Description Common uses of wool are in the production of woolen fabric and carpeting.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Wool. 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 (2023)Australia$1.99B
Top Destination (2023)China$2.02B

In 2023 Wool were the world's 659th most traded product (out of 1,217).

In 2023, the top exporters of Wool were Australia ($1.99B), South Africa ($312M), New Zealand ($281M), Lesotho ($62.8M), and United Kingdom ($60.5M).

In 2023, the top importers of Wool were China ($2.02B), India ($255M), Italy ($209M), Czechia ($95M), and Germany ($55M).

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Exporters of Wool (2023)
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Importers of Wool (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Lesotho$9.61M
Top Destination Growth (2022 -  2023)India$98.5M

Between 2022 and 2023, the exports of Wool grew the fastest in Lesotho ($9.61M), South Africa ($7.64M), New Zealand ($7.47M), China ($5.38M), and United Kingdom ($4.58M).

Between 2022 and 2023, the fastest growing importers of Wool were India ($98.5M), Japan ($2.93M), United Kingdom ($2.59M), South Africa ($2.22M), and Lithuania ($1.81M).

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Exporters of Wool (2022 - 2023)

Importers of Wool (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Wool.

In 2023, market concentration measured using Shannon Entropy, was 2.14. This means that most of the exports of Wool are explained by 4 countries.

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Value of Exports in Wool

Net Trade

TOP NET EXPORTER (2023)Australia$1.99B
TOP NET IMPORTER (2023)China$1.98B

This map shows which countries export or import more of Wool. Each country is colored based on the difference in exports and imports of Wool during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Wool were Australia ($1.99B), New Zealand ($281M), South Africa ($272M), Lesotho ($62.6M), and Uruguay ($30.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Wool were China ($1.98B), India ($255M), Italy ($199M), Czechia ($94.3M), and Germany ($41.2M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Wool, disaggragated by their HS6 level were Greasy shorn wool, not carded or... ($2.39B), Degreased shorn wool, not carded, combed... ($307M), Greasy wool (other than shorn) not... ($162M), Degreased wool nes, not carded, combed... ($102M), and Carbonized wool, not carded or combed ($86.3M)

HS6 Disaggregation for Wool (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Wool by percentage of total exports

Potential Exports

Potential Exports

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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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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 (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Wool.

Country by Relatedness

The following visualization shows the relatedness of Wool to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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