2023
Exports
$2BWorld Rnk 2 / 169
Flag Rnk 20 / 96
2023
PRODUCT COMPLEXITY IN Wool & animal hair
0.59Rnk 332 / 1025
2023
Imports
$47.5MWorld Rnk 37 / 197
Flag Rnk 86 / 96
2023
ECONOMIC COMPLEXITY of Australia
-0.28Rnk 75 / 132

About

Exports In 2023, Australia exported $2B in Wool & animal hair, making it the 2nd largest exporter of Wool & animal hair in the world. At the same year, Wool & animal hair was the 20th most exported product in Australia. The main destination of Wool & animal hair exports from Australia are: China ($1.58B), Italy ($140M), India ($123M), Czechia ($34.6M), and South Korea ($26.5M).

The fastest growing export markets for Wool & animal hair of Australia between 2022 and 2023 were India ($77.9M), Japan ($5.75M), and Vietnam ($848k).

Imports In 2023, Australia imported $47.5M in Wool & animal hair, becoming the 37th largest importer of Wool & animal hair in the world. At the same year, Wool & animal hair was the 86th most imported product in Australia. Australia imports Wool & animal hair primarily from: New Zealand ($14.8M), China ($11.9M), Czechia ($3.08M), India ($2.77M), and Ukraine ($2.5M).

The fastest growing import markets in Wool & animal hair for Australia between 2022 and 2023 were Ukraine ($1.44M), Czechia ($1.03M), and Peru ($369k).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Wool & animal hair. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2B
IMPORTS (2023)$47.5M
NET TRADE (2023)$1.96B

In 2023, Australia exported $2B in Wool & animal hair. The main destinations of Australia exports on Wool & animal hair were China ($1.58B), Italy ($140M), India ($123M), Czechia ($34.6M), and South Korea ($26.5M).

In 2023, Australia imported $47.5M in Wool & animal hair, mainly from New Zealand ($14.8M), China ($11.9M), Czechia ($3.08M), India ($2.77M), and Ukraine ($2.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wool & animal hair EXPORT MARKETS FOR Australia WERE (2022 - 2023):
India$77.9M (172%)
Japan$5.75M (56.4%)
Vietnam$848k (100%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool & animal hair BY Australia WERE (2022 - 2023):
China-$126M (-7.38%)
Czechia-$18.5M (-34.8%)
South Korea-$17.9M (-40.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Australia's main exporting competitors in Wool & animal hair were:
Italy $2.25B
China $1.98B
In 2023, Australia's main importing competitors in Wool & animal hair were:
China $2.74B
Italy $1.65B

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Trade Value of Wool & animal hair by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $13.6M
TOP IMPORT POTENTIALItaly+ $994k

Wool & animal hair’s highest export potential is India. With an export gap of $13.6M.   Wool & animal hair’s highest import potential is Italy with an import gap of $994k.

See methodology.

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