2022
Exports
$174MWorld Rnk 12 / 160
Flag Rnk 77 / 96
2022
PRODUCT COMPLEXITY IN Wool & animal hair
0.58Rnk 333 / 1025
2022
Imports
$298MWorld Rnk 7 / 194
Flag Rnk 69 / 96
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $174M in Wool & animal hair, making it the 12th largest exporter of Wool & animal hair in the world. At the same year, Wool & animal hair was the 77th most exported product in India. The main destination of Wool & animal hair exports from India are: Italy ($33M), United Kingdom ($27.9M), South Korea ($17.3M), Japan ($12.2M), and Indonesia ($11.8M).

The fastest growing export markets for Wool & animal hair of India between 2021 and 2022 were Italy ($13.9M), Indonesia ($8.23M), and United Kingdom ($6.26M).

Imports In 2022, India imported $298M in Wool & animal hair, becoming the 7th largest importer of Wool & animal hair in the world. At the same year, Wool & animal hair was the 69th most imported product in India. India imports Wool & animal hair primarily from: Australia ($107M), China ($58M), New Zealand ($40.2M), Italy ($12.5M), and Syria ($9.19M).

The fastest growing import markets in Wool & animal hair for India between 2021 and 2022 were Australia ($81.1M), Italy ($4.87M), and Uruguay ($2.76M).

COMPANIES In 2023, leading companies such as Design Within Reach (2), QVC Inc (2), and Mystic Apparel (1) were at the forefront of shipping Wool & animal hair from India to the United States.

Latest Trends

Jul 2024

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 (2022)$174M
IMPORTS (2022)$298M
NET TRADE (2022)-$125M

In 2022, India exported $174M in Wool & animal hair. The main destinations of India exports on Wool & animal hair were Italy ($33M), United Kingdom ($27.9M), South Korea ($17.3M), Japan ($12.2M), and Indonesia ($11.8M).

In 2022, India imported $298M in Wool & animal hair, mainly from Australia ($107M), China ($58M), New Zealand ($40.2M), Italy ($12.5M), and Syria ($9.19M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wool & animal hair EXPORT MARKETS FOR India WERE (2021 - 2022):
Italy$13.9M (72.8%)
Indonesia$8.23M (234%)
United Kingdom$6.26M (28.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool & animal hair BY India WERE (2021 - 2022):
Sri Lanka-$3.27M (-61.7%)
Bhutan-$975k (-71%)
Cambodia-$813k (-60.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Wool & animal hair were:
China $2.23B
Italy $2.03B
In 2022, India's main importing competitors in Wool & animal hair were:
China $2.97B
Italy $1.62B

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Trade Value of Wool & animal hair by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $5.21M
TOP IMPORT POTENTIALChina+ $23.6M

Wool & animal hair’s highest export potential is China. With an export gap of $5.21M.   Wool & animal hair’s highest import potential is China with an import gap of $23.6M.

See methodology.

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