HS Icon Wool

5101 (Harmonized System 1992 for 4-digit)

 2019
World Trade
: $3.65B, Rnk 582 / 1217

2019
Top Exporter | Top Importer
: $2.26B | $2.28B, Australia | China

2019
Product Complexity
: -2.35, Rnk 949 / 961

2018 - 2019
Export Growth (CAGR)
: -22.9%, Rnk 1166 / 1217

2018
Mean Tariff
: 3.45%, Rnk 1089 / 1259

 2019
Share of World Trade
: 0.02%, Rnk 582 / 1217

Overview:  This page contains the latest trade data of Wool. In 2019, Wool were the world's 582nd most traded product, with a total trade of $3.65B. Between 2018 and 2019 the exports of Wool decreased by -22.9%, from  $4.74B to $3.65B. Trade in Wool represent 0.02% of total world trade.

Exports: In 2019 the top exporters of Wool  were Australia ($2.26B), New Zealand ($350M), South Africa ($321M), Uruguay ($78.7M), and Argentina ($72.4M).

Imports: In 2019 the top importers of Wool were China ($2.28B), India ($253M), Italy ($229M), Czechia ($179M), and United Kingdom ($71M).

Tariffs: In 2018 the average tariff for Wool was 3.45%, making it the 1089th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Wool are Bahamas (40.2%), Sudan (21.9%), China (18.9%), Maldives (14.6%), and Azerbaijan (14.4%). The countries with the lowest tariffs are Angola (0%), Egypt (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Wool ranks 949th in the Product Complexity Index (PCI).

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

Exporters and Importers

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Trade By Country

Top Origin (2019): Australia, $2.26B

Top Destination (2019): China, $2.28B

Wool are the world's 582nd most traded product.

In 2019, the top exporters of Wool were Australia ($2.26B), New Zealand ($350M), South Africa ($321M), Uruguay ($78.7M), and Argentina ($72.4M).

In 2019, the top importers of Wool were China ($2.28B), India ($253M), Italy ($229M), Czechia ($179M), and United Kingdom ($71M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): United Arab Emirates, $12.2M

Top Destination Growth (2018 - 2019): Bulgaria, $15.3M

Between 2018 and 2019, the exports of Wool grew the fastest in United Arab Emirates ($12.2M), Lesotho ($4.32M), Falkland Islands ($3.15M), Bolivia ($1.33M), and Bulgaria ($1.16M).

Between 2018 and 2019, the fastest growing importers of Wool were Bulgaria ($15.3M), United Arab Emirates ($10.2M), Iran ($5.7M), Australia ($3.07M), and South Africa ($1.63M).

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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 Wool.

In 2019,  market concentration measured using Shannon Entropy, was 2.48. This means that most of the exports of Wool are explained by 5 countries.

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TOP NET EXPORTER (2019): Australia, $2.25B

TOP NET IMPORTER (2019): China, $2.23B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Wool were Australia ($2.25B), New Zealand ($349M), South Africa ($312M), Argentina ($72.3M), and Peru ($33.8M).

In 2019, the countries that had a largest trade value in imports than in exports of Wool were China ($2.23B), India ($251M), Italy ($215M), Czechia ($179M), and South Korea ($69.1M).

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... ($2.87B), Degreased shorn wool, not carded, combed... ($445M), Carbonized wool, not carded or combed ($149M), Greasy wool (other than shorn) not... ($99M), and Degreased wool nes, not carded, combed... ($83.2M)

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%), China (18.9%), Maldives (14.6%), and Azerbaijan (14.4%).

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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.