HS Icon Greasy wool (other than shorn) not carded or combed

510119 (Harmonized System 1992 for 6-digit)

World Trade (2019): $99M, Rnk 4094 / 4648

Top Exporter (2019): $18.9M, South Africa

Top Importer (2019): $40M, India

Product Complexity (2019): -1.29, Rnk 4246 / 4826

Export Growth (CAGR)(2018 - 2019): 6.37%, Rnk 653 / 4648

Mean Tariff (2018): 3.97%, Rnk 5001 / 6538

Share of World Trade (2019): 0.00055%, Rnk 4094 / 4648

Overview:  This page contains the latest trade data of Greasy wool (other than shorn) not carded or combed. In 2019, Greasy wool (other than shorn) not carded or combed were the world's 4094th most traded product, with a total trade of $99M. Between 2018 and 2019 the exports of Greasy wool (other than shorn) not carded or combed grew by 6.37%, from  $93.1M to $99M. Trade in Greasy wool (other than shorn) not carded or combed represent 0.00055% of total world trade.

Exports: In 2019 the top exporters of Greasy wool (other than shorn) not carded or combed  were South Africa ($18.9M), Australia ($13.6M), Russia ($7.13M), Spain ($4.75M), and Uruguay ($4.57M).

Imports: In 2019 the top importers of Greasy wool (other than shorn) not carded or combed were India ($40M), China ($24.2M), Belarus ($4.24M), South Africa ($4.12M), and Uruguay ($3.59M).

Tariffs: In 2018 the average tariff for Greasy wool (other than shorn) not carded or combed was 3.97%, making it the 5001st lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Greasy wool (other than shorn) not carded or combed are Bahamas (40.2%), Sudan (21.9%), Romania (21.3%), China (18.9%), and Maldives (14.6%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Greasy wool (other than shorn) not carded or combed ranks 4246th in the Product Complexity Index (PCI).

Description: Greasy wool is woven into the fabric of a sweater.

Exporters and Importers

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Trade By Country

Top Origin (2019): South Africa, $18.9M

Top Destination (2019): India, $40M

Greasy wool (other than shorn) not carded or combed are the world's 4094th most traded product.

In 2019, the top exporters of Greasy wool (other than shorn) not carded or combed were South Africa ($18.9M), Australia ($13.6M), Russia ($7.13M), Spain ($4.75M), and Uruguay ($4.57M).

In 2019, the top importers of Greasy wool (other than shorn) not carded or combed were India ($40M), China ($24.2M), Belarus ($4.24M), South Africa ($4.12M), and Uruguay ($3.59M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Australia, $10.9M

Top Destination Growth (2018 - 2019): India, $11.2M

Between 2018 and 2019, the exports of Greasy wool (other than shorn) not carded or combed grew the fastest in Australia ($10.9M), South Africa ($10.6M), Lesotho ($3.92M), Russia ($3.16M), and Algeria ($1.24M).

Between 2018 and 2019, the fastest growing importers of Greasy wool (other than shorn) not carded or combed were India ($11.2M), South Africa ($3.99M), China ($2.92M), Panama ($1.26M), and Uruguay ($1.22M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Greasy wool (other than shorn) not carded or combed.

In 2019,  market concentration measured using Shannon Entropy, was 4.49. This means that most of the exports of Greasy wool (other than shorn) not carded or combed are explained by 22 countries.

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TOP NET EXPORTER (2019): South Africa, $14.8M

TOP NET IMPORTER (2019): India, $39.9M

This map shows which countries export or import more of Greasy wool (other than shorn) not carded or combed. Each country is colored based on the difference in exports and imports of Greasy wool (other than shorn) not carded or combed during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Greasy wool (other than shorn) not carded or combed were South Africa ($14.8M), Australia ($13.6M), Russia ($6.74M), Peru ($4.15M), and Lesotho ($3.88M).

In 2019, the countries that had a largest trade value in imports than in exports of Greasy wool (other than shorn) not carded or combed were India ($39.9M), China ($22.2M), Belarus ($3.91M), Egypt ($2.2M), and Bulgaria ($2.1M).

Import Tariffs

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In 2018, the average tariff for importing Greasy wool (other than shorn) not carded or combed was 3.97%.  The countries with the highest tariffs for importing Greasy wool (other than shorn) not carded or combed were Bahamas (40.2%), Sudan (21.9%), Romania (21.3%), China (18.9%), and Maldives (14.6%).

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Product Complexity

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Diversification Frontier

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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.