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.