WoolWool, not carded or combed
5101 (Harmonized System 1992 for 4-digit)
2021 World Trade: $3.65B, Rnk 615 / 1217
2021 Top Exporter | Top Importer: $2.28B | $2.5B, Australia | China
2021 Product Complexity: -2.11, Rnk 1002 / 1024
2020 - 2021 Export Growth (CAGR): 45.5%, Rnk 143 / 1217
2018 Mean Tariff: 3.45%, Rnk 1098 / 1259
2021 Share of World Trade: 0.017%, Rnk 615 / 1217
Overview This page contains the latest trade data of Wool. In 2021, Wool were the world's 615th most traded product, with a total trade of $3.65B. Between 2020 and 2021 the exports of Wool grew by 45.5%, from $2.51B to $3.65B. Trade in Wool represent 0.017% 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 2021 the top exporters of Wool were Australia ($2.28B), New Zealand ($487M), South Africa ($325M), Uruguay ($76.9M), and Lesotho ($57.6M).
Imports In 2021 the top importers of Wool were China ($2.5B), India ($217M), Italy ($198M), Czechia ($117M), and United Kingdom ($64.1M).
Tariffs In 2018 the average tariff for Wool was 3.45%, making it the 1098th lowest tariff using the HS4 product classification.
Ranking Wool ranks 1002nd in the Product Complexity Index (PCI).
Description Common uses of wool are in the production of woolen fabric and carpeting.
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Wool are the world's 615th most traded product.
In 2021, the top exporters of Wool were Australia ($2.28B), New Zealand ($487M), South Africa ($325M), Uruguay ($76.9M), and Lesotho ($57.6M).
In 2021, the top importers of Wool were China ($2.5B), India ($217M), Italy ($198M), Czechia ($117M), and United Kingdom ($64.1M).
Trade by country
Between 2020 and 2021, the exports of Wool grew the fastest in Australia ($702M), New Zealand ($244M), South Africa ($61.3M), Uruguay ($35M), and Lesotho ($19.8M).
Between 2020 and 2021, the fastest growing importers of Wool were China ($846M), Italy ($87M), India ($38.3M), Germany ($28.1M), and United Kingdom ($24.3M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Wool.
In 2021, market concentration measured using Shannon Entropy, was 2.26. This means that most of the exports of Wool are explained by 4 countries.
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 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Wool were Australia ($2.25B), New Zealand ($486M), South Africa ($285M), Lesotho ($57.5M), and Uruguay ($47M).
In 2021, the countries that had a largest trade value in imports than in exports of Wool were China ($2.46B), India ($217M), Italy ($188M), Czechia ($115M), and South Korea ($48.8M).
In 2021, the world most traded Wool, disaggragated by their HS6 level were Greasy shorn wool, not carded or... ($2.9B), Degreased shorn wool, not carded, combed... ($443M), Greasy wool (other than shorn) not... ($115M), Carbonized wool, not carded or combed ($112M), and Degreased wool nes, not carded, combed... ($74.9M)
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.
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.
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