Overview This page contains the latest trade data of Wool. In 2020, Wool were the world's 653rd most traded product, with a total trade of $2.5B. Between 2019 and 2020 the exports of Wool decreased by -31.4%, from $3.65B to $2.5B. Trade in Wool represent 0.015% of total world trade.

Wool are a part of Wool, fine or coarse animal hair; horsehair yarn and woven fabric. 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 2020 the top exporters of Wool  were Australia ($1.58B), South Africa ($264M), New Zealand ($243M), United Kingdom ($48M), and Uruguay ($41.9M).

Imports In 2020 the top importers of Wool were China ($1.66B), India ($179M), Italy ($109M), Czechia ($98.8M), and United Kingdom ($39.7M).

Tariffs In 2018 the average tariff for Wool was 3.45%, making it the 1098th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Wool are Bahamas (40.2%), Sudan (21.9%), Bhutan (19.6%), Comoros (18.9%), and China (18.9%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking Wool ranks 1015th in the Product Complexity Index (PCI).

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

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Y-AXIS SCALE

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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): Australia, $1.58B

Top Destination (2020): China, $1.66B

Wool are the world's 653rd most traded product.

In 2020, the top exporters of Wool were Australia ($1.58B), South Africa ($264M), New Zealand ($243M), United Kingdom ($48M), and Uruguay ($41.9M).

In 2020, the top importers of Wool were China ($1.66B), India ($179M), Italy ($109M), Czechia ($98.8M), and United Kingdom ($39.7M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Lesotho, $14.1M

Top Destination Growth (2019 - 2020): South Africa, $28.9M

Between 2019 and 2020, the exports of Wool grew the fastest in Lesotho ($14.1M), Bolivia ($3.02M), Syria ($2.23M), Mexico ($548k), and Czechia ($474k).

Between 2019 and 2020, the fastest growing importers of Wool were South Africa ($28.9M), Romania ($641k), Greece ($319k), Spain ($227k), and Kyrgyzstan ($187k).

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Market Concentration

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Cumulative market share

Value

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

In 2020,  market concentration measured using Shannon Entropy, was 2.32. This means that most of the exports of Wool are explained by 5 countries.

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TOP NET EXPORTER (2020): Australia, $1.56B

TOP NET IMPORTER (2020): China, $1.62B

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 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Wool were Australia ($1.56B), New Zealand ($242M), South Africa ($225M), Lesotho ($37.7M), and Argentina ($31.4M).

In 2020, the countries that had a largest trade value in imports than in exports of Wool were China ($1.62B), India ($179M), Italy ($101M), Czechia ($97.9M), and South Korea ($38.6M).

Disaggregation

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Value

In 2019, the world most traded Wool, disaggragated by their HS6 level were Greasy shorn wool, not carded or... ($1.91B), Degreased shorn wool, not carded, combed... ($294M), Greasy wool (other than shorn) not... ($154M), Carbonized wool, not carded or combed ($86.5M), and Degreased wool nes, not carded, combed... ($60.1M)

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.

Import Tariffs

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In 2018, the average tariff for importing Wool was 3.45%. The countries with the highest tariffs for importing Wool were Bahamas (40.2%), Sudan (21.9%), Bhutan (19.6%), Comoros (18.9%), and China (18.9%).

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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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.