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Wool, not carded or combed

5101 (Harmonized System 1992 for 4-digit)

2022
World Trade $3.28BRnk 663 / 1218
2022
Top Exporter | Top Importer $2.22B | $2.16BAustralia | China
2022
Product Complexity -1.97Rnk 1000 / 1033
2021 - 2022
Export Growth (CAGR) -3.87%Rnk 998 / 1218
2022
Share of World Trade 0.014%Rnk 663 / 1218

About

Overview This page contains the latest trade data of Wool. In 2022, Wool were the world's 663rd most traded product, with a total trade of $3.28B. Between 2021 and 2022 the exports of Wool decreased by -3.87%, from $3.41B to $3.28B. Trade in Wool represent 0.014% 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 2022 the top exporters of Wool  were Australia ($2.22B), South Africa ($301M), New Zealand ($275M), Uruguay ($54.8M), and United Kingdom ($53.6M).

Imports In 2022 the top importers of Wool were China ($2.16B), Italy ($223M), India ($205M), Czechia ($123M), and Germany ($85M).

Ranking Wool ranks 1000th 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 (2022)Australia$2.22B
Top Destination (2022)China$2.16B

In 2022 Wool were the world's 663rd most traded product (out of 1,218).

In 2022, the top exporters of Wool were Australia ($2.22B), South Africa ($301M), New Zealand ($275M), Uruguay ($54.8M), and United Kingdom ($53.6M).

In 2022, the top importers of Wool were China ($2.16B), Italy ($223M), India ($205M), Czechia ($123M), and Germany ($85M).

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Exporters of Wool (2022)
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Importers of Wool (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Mongolia$11.2M
Top Destination Growth (2021 -  2022)India$64.8M

Between 2021 and 2022, the exports of Wool grew the fastest in Mongolia ($11.2M), Australia ($4.95M), Germany ($4.83M), United Kingdom ($3.78M), and Egypt ($1.89M).

Between 2021 and 2022, the fastest growing importers of Wool were India ($64.8M), Italy ($41.6M), Germany ($32.1M), Czechia ($12.1M), and Egypt ($9.41M).

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Exporters of Wool (2021 - 2022)

Importers of Wool (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 2.08. 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 (2022)Australia$2.22B
TOP NET IMPORTER (2022)China$2.12B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Wool were Australia ($2.22B), New Zealand ($274M), South Africa ($262M), Lesotho ($51.5M), and Argentina ($32.3M).

In 2022, the countries that had a largest trade value in imports than in exports of Wool were China ($2.12B), Italy ($214M), India ($204M), Czechia ($123M), and Germany ($63.7M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Wool, disaggragated by their HS6 level were Greasy shorn wool, not carded or... ($2.63B), Degreased shorn wool, not carded, combed... ($353M), Carbonized wool, not carded or combed ($116M), Greasy wool (other than shorn) not... ($111M), and Degreased wool nes, not carded, combed... ($66.6M)

HS6 Disaggregation for Wool (2022)
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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 (2022)

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 (2022)

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