Wool in China | The Observatory of Economic Complexity

About

Exports In 2022, China exported $34.1M in Wool, making it the 7th largest exporter of Wool in the world. At the same year, Wool was the 994th most exported product in China. The main destination of Wool exports from China are: Chinese Taipei ($6.7M), Japan ($3.79M), Nepal ($3.7M), India ($3.66M), and South Korea ($3.43M).

The fastest growing export markets for Wool of China between 2021 and 2022 were Nepal ($1.34M), South Korea ($1.02M), and United States ($290k).

Imports In 2022, China imported $2.16B in Wool, becoming the 1st largest importer of Wool in the world. At the same year, Wool was the 141st most imported product in China. China imports Wool primarily from: Australia ($1.77B), South Africa ($150M), New Zealand ($98.2M), Uruguay ($23.1M), and Argentina ($20.8M).

The fastest growing import markets in Wool for China between 2021 and 2022 were Mongolia ($10.9M), Turkey ($2.02M), and Belgium ($1.09M).

COMPANIES In 2023, leading companies such as WAL-MART INC. (268), MYSTIC APPAREL LLC (60), and AT HOME PROCUREMENT INC (52) were at the forefront of shipping Wool from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Wool exports accounted up to $1.75M and imports accounted up to $154M, resulting in a negative trade balance of $152M. Between February 2023 and February 2024 the exports of China's Wool have decreased by $-2.1M (-54.6%) from $3.84M to $1.75M, while imports increased by $42.1M (37.8%) from $111M to $154M.

Destinations In February 2024, Wool were exported mostly to Japan ($689k), Italy ($414k), South Korea ($209k), United Kingdom ($141k), and India ($128k), and were imported mostly from Australia ($112M), South Africa ($18.1M), New Zealand ($7.21M), Uruguay ($6.72M), and Lesotho ($2.69M).

Growth In February 2024, the decrease in Wool's year-by-year exports was explained primarily by a decrease in exports to Japan ($-485k or -50.9%), South Korea ($-206k or -55.3%), and Australia ($-98.5k or -36.5%). In February 2024, the increase in Wool's year-by-year imports was explained primarily by an increase in imports from United States ($631k or 129%), United Kingdom ($369k or 112%), and France ($128k or 43.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-2.1M(-54.6%)

IMPORT GROWTH (February 2023 - February 2024)$42.1M(37.8%)

MAIN EXPORTER (February 2024)Jiangsu Province$1.6M

MAIN DESTINATION (February 2024)Japan$689k

This section shows Wool's exports and imports data at subnational level for China. 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.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$34.1M

IMPORTS (2022)$2.16B

NET TRADE (2022)-$2.12B

In 2022, China exported $34.1M in Wool. The main destinations of China exports on Wool were Chinese Taipei ($6.7M), Japan ($3.79M), Nepal ($3.7M), India ($3.66M), and South Korea ($3.43M).

In 2022, China imported $2.16B in Wool, mainly from Australia ($1.77B), South Africa ($150M), New Zealand ($98.2M), Uruguay ($23.1M), and Argentina ($20.8M).

Explore Visualizations