Wool in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $953k in Wool, making it the 47th largest exporter of Wool in the world. At the same year, Wool was the 1039th most exported product in Canada. The main destination of Wool exports from Canada are: United States ($572k), China ($138k), Czechia ($106k), France ($77.6k), and United Kingdom ($57.2k).

The fastest growing export markets for Wool of Canada between 2021 and 2022 were France ($77.6k), China ($53.1k), and United Kingdom ($52k).

Imports In 2022, Canada imported $1.43M in Wool, becoming the 39th largest importer of Wool in the world. At the same year, Wool was the 1126th most imported product in Canada. Canada imports Wool primarily from: New Zealand ($526k), Germany ($266k), United Kingdom ($151k), Australia ($133k), and Argentina ($83.1k).

The fastest growing import markets in Wool for Canada between 2021 and 2022 were Germany ($175k), Turkey ($56.2k), and Belgium ($49.5k).

Latest Trends

June 2024

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Overview In June 2024 Canada's Wool exports accounted up to C$101k and imports accounted up to C$203k, resulting in a negative trade balance of C$102k. Between June 2023 and June 2024 the exports of Canada's Wool have increased by C$54.5k (116%) from C$47k to C$101k, while imports increased by C$151k (289%) from C$52.3k to C$203k.

Destinations In June 2024, Wool were exported mostly to United States (C$101k), and were imported mostly from United States (C$112k), Bulgaria (C$44.8k), United Kingdom (C$34.3k), Spain (C$10.7k), and Australia (C$1.44k).

Growth In June 2024, the increase in Wool's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the increase in Wool's year-by-year imports was explained primarily by an increase in imports from United Kingdom (C$48.6k or 143%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)C$54.5k(116%)

IMPORT GROWTH (June 2023 - June 2024)C$151k(289%)

MAIN EXPORTER (June 2024)OntarioC$101k

MAIN DESTINATION (June 2024)United StatesC$101k

This section shows Wool's exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Wool over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$953k

IMPORTS (2022)$1.43M

NET TRADE (2022)-$481k

In 2022, Canada exported $953k in Wool. The main destinations of Canada exports on Wool were United States ($572k), China ($138k), Czechia ($106k), France ($77.6k), and United Kingdom ($57.2k).

In 2022, Canada imported $1.43M in Wool, mainly from New Zealand ($526k), Germany ($266k), United Kingdom ($151k), Australia ($133k), and Argentina ($83.1k).

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