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Glass fibres; glass wool and articles thereof

701980 (Harmonized System 2022 for 6-digit)

2023
World Trade $1.8BRnk 1629 / 5606
2023
Top Exporter | Top Importer $224M | $237MUnited States | United States
2023
Product Complexity 0.72Rnk 1470 / 5606
2022 - 2023
Export Growth (CAGR) 6.02%Rnk 1317 / 5606
2023
Share of World Trade 0.008%Rnk 1629 / 5606

About

Overview This page contains the latest trade data of Glass wool products. In 2023, Glass wool products were the world's 1629th most traded product, with a total trade of $1.8B. Between 2022 and 2023 the exports of Glass wool products grew by 6.02%, from $1.69B to $1.8B. Trade in Glass wool products represent 0.008% of total world trade.

Glass wool products are a part of Glass Fibers.

Exports In 2023 the top exporters of Glass wool products  were United States ($224M), China ($207M), Canada ($157M), Belgium ($143M), and Germany ($137M).

Imports In 2023 the top importers of Glass wool products were United States ($237M), France ($173M), Canada ($136M), Japan ($77.8M), and Germany ($71.6M).

Ranking Glass wool products ranks 1470th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Glass wool products. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Year
Top Origin (2023)United States$224M
Top Destination (2023)United States$237M

In 2023 Glass wool products were the world's 1629th most traded product (out of 5,606).

In 2023, the top exporters of Glass wool products were United States ($224M), China ($207M), Canada ($157M), Belgium ($143M), and Germany ($137M).

In 2023, the top importers of Glass wool products were United States ($237M), France ($173M), Canada ($136M), Japan ($77.8M), and Germany ($71.6M).

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Exporters of Glass wool products (2023)
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Importers of Glass wool products (2023)
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Market Dynamics

Starting
Ending
Color
Top Origin Growth (2022 -  2023)Malaysia$31.4M
Top Destination Growth (2022 -  2023)France$36.5M

Between 2022 and 2023, the exports of Glass wool products grew the fastest in Malaysia ($31.4M), Germany ($25.1M), United States ($15.5M), Belgium ($13.2M), and France ($12.4M).

Between 2022 and 2023, the fastest growing importers of Glass wool products were France ($36.5M), Ukraine ($21.3M), Australia ($12.4M), Canada ($11.1M), and Italy ($10.5M).

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Exporters of Glass wool products (2022 - 2023)

Importers of Glass wool products (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Glass wool products.

In 2023, market concentration measured using Shannon Entropy, was 4.43. This means that most of the exports of Glass wool products are explained by 21 countries.

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Value of Exports in Glass wool products

Net Trade

Year
TOP NET EXPORTER (2023)China$163M
TOP NET IMPORTER (2023)France$132M

This map shows which countries export or import more of Glass wool products. Each country is colored based on the difference in exports and imports of Glass wool products during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Glass wool products were China ($163M), Belgium ($117M), Malaysia ($86.2M), Sweden ($81.3M), and Czechia ($69M).

In 2023, the countries that had a largest trade value in imports than in exports of Glass wool products were France ($132M), Japan ($72.8M), Australia ($68.8M), Netherlands ($38.2M), and Ireland ($32.3M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Glass wool products.
It is possible to select the main countries that export or import Glass wool products in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Glass wool products by percentage of total exports

Product Complexity

Diversification Frontier

Specialization
Year

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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