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510720 (Harmonized System 1992 for 6-digit)

2023
World Trade $288MRnk 3377 / 4644
2023
Top Exporter | Top Importer $59.8M | $39MItaly | Germany
2023
Product Complexity 0.47Rnk 1728 / 4656
2022 - 2023
Export Growth (CAGR) -2.63%Rnk 1818 / 4644
2023
Share of World Trade 0.0013%Rnk 3377 / 4644

About

Overview This page contains the latest trade data of Yarn of combed wool, <85% wool, not retail. In 2023, Yarn of combed wool, <85% wool, not retail were the world's 3377th most traded product, with a total trade of $288M. Between 2022 and 2023 the exports of Yarn of combed wool, <85% wool, not retail decreased by -2.63%, from $296M to $288M. Trade in Yarn of combed wool, <85% wool, not retail represent 0.0013% of total world trade.

Yarn of combed wool, <85% wool, not retail are a part of Non-Retail Combed Wool Yarn.

Exports In 2023 the top exporters of Yarn of combed wool, <85% wool, not retail  were Italy ($59.8M), China ($38M), Germany ($26.5M), Romania ($25.8M), and India ($22.7M).

Imports In 2023 the top importers of Yarn of combed wool, <85% wool, not retail were Germany ($39M), Italy ($35.8M), Romania ($16.8M), Turkey ($16.7M), and China ($14.3M).

Ranking Yarn of combed wool, <85% wool, not retail ranks 1728th in the Product Complexity Index (PCI).

Description Wool yarns are typically used for textiles such as knitting, weaving, crocheting, and weaving. What are the advantages of using wool yarn? Wool is often firmer than cotton and therefore is easier to manipulate in spinning and weaving. Wool is also warmer and more durable than cotton, which is one reason why wool is often used in winter garments.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Yarn of combed wool, <85% wool, not retail. 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)Italy$59.8M
Top Destination (2023)Germany$39M

In 2023 Yarn of combed wool, <85% wool, not retail were the world's 3377th most traded product (out of 4,644).

In 2023, the top exporters of Yarn of combed wool, <85% wool, not retail were Italy ($59.8M), China ($38M), Germany ($26.5M), Romania ($25.8M), and India ($22.7M).

In 2023, the top importers of Yarn of combed wool, <85% wool, not retail were Germany ($39M), Italy ($35.8M), Romania ($16.8M), Turkey ($16.7M), and China ($14.3M).

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Exporters of Yarn of combed wool, <85% wool, not retail (2023)
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Importers of Yarn of combed wool, <85% wool, not retail (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Hong Kong$3.93M
Top Destination Growth (2022 -  2023)China$4.3M

Between 2022 and 2023, the exports of Yarn of combed wool, <85% wool, not retail grew the fastest in Hong Kong ($3.93M), Bulgaria ($1.95M), Hungary ($1.02M), Japan ($1.01M), and Romania ($555k).

Between 2022 and 2023, the fastest growing importers of Yarn of combed wool, <85% wool, not retail were China ($4.3M), Nepal ($3.46M), Italy ($3.08M), Turkey ($2.5M), and Czechia ($2.38M).

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Exporters of Yarn of combed wool, <85% wool, not retail (2022 - 2023)

Importers of Yarn of combed wool, <85% wool, not retail (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Yarn of combed wool, <85% wool, not retail.

In 2023, market concentration measured using Shannon Entropy, was 3.96. This means that most of the exports of Yarn of combed wool, <85% wool, not retail are explained by 15 countries.

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Value of Exports in Yarn of combed wool, <85% wool, not retail

Net Trade

TOP NET EXPORTER (2023)Italy$24M
TOP NET IMPORTER (2023)Turkey$13.7M

This map shows which countries export or import more of Yarn of combed wool, <85% wool, not retail. Each country is colored based on the difference in exports and imports of Yarn of combed wool, <85% wool, not retail during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Yarn of combed wool, <85% wool, not retail were Italy ($24M), China ($23.7M), India ($22.2M), Bulgaria ($15.7M), and Czechia ($9.69M).

In 2023, the countries that had a largest trade value in imports than in exports of Yarn of combed wool, <85% wool, not retail were Turkey ($13.7M), Germany ($12.5M), South Korea ($12M), Finland ($11.8M), and Sweden ($9.56M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Yarn of combed wool, <85% wool, not retail.
It is possible to select the main countries that export or import Yarn of combed wool, <85% wool, not retail in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Yarn of combed wool, <85% wool, not retail 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 (2023)

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