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Exports In 2022, Nepal exported $6.67k in Wool, making it the 86th largest exporter of Wool in the world. At the same year, Wool was the 474th most exported product in Nepal. The main destination of Wool exports from Nepal are: United States ($2.28k), Norway ($1.95k), Singapore ($1.48k), Sweden ($935), and Canada ($26).

The fastest growing export markets for Wool of Nepal between 2021 and 2022 were Singapore ($1.48k) and Sweden ($935).

Imports In 2022, Nepal imported $15.1M in Wool, becoming the 15th largest importer of Wool in the world. At the same year, Wool was the 164th most imported product in Nepal. Nepal imports Wool primarily from: New Zealand ($11M), China ($3.7M), United Kingdom ($197k), South Africa ($166k), and Peru ($37.1k).

The fastest growing import markets in Wool for Nepal between 2021 and 2022 were China ($1.34M), United Kingdom ($88.6k), and South Africa ($71.4k).

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. 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)$6.67k
IMPORTS (2022)$15.1M
NET TRADE (2022)-$15.1M

In 2022, Nepal exported $6.67k in Wool. The main destinations of Nepal exports on Wool were United States ($2.28k), Norway ($1.95k), Singapore ($1.48k), Sweden ($935), and Canada ($26).

In 2022, Nepal imported $15.1M in Wool, mainly from New Zealand ($11M), China ($3.7M), United Kingdom ($197k), South Africa ($166k), and Peru ($37.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wool EXPORT MARKETS FOR Nepal WERE (2021 - 2022):
Singapore$1.48k (1%)
Sweden$935 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool BY Nepal WERE (2021 - 2022):
Norway-$7.47k (-79.3%)
Germany-$3.45k (-100%)
United Kingdom-$1.57k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Nepal's main exporting competitors in Wool were:
In 2022, Nepal's main importing competitors in Wool were:
China $2.16B
Italy $223M
India $205M

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Trade Value of Wool by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $2.81k
TOP IMPORT POTENTIALSouth Africa+ $229k

Wool’s highest export potential is United States. With an export gap of $2.81k.   Wool’s highest import potential is South Africa with an import gap of $229k.

See methodology.

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