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Wool grease and fatty substances derived therefrom (including lanolin)

1505 (Harmonized System 1992 for 4-digit)

2023
World Trade $235MRnk 1125 / 1217
2023
Top Exporter | Top Importer $63.8M | $42.3MChina | Germany
2022 - 2023
Export Growth (CAGR) -16.8%Rnk 961 / 1217
2023
Share of World Trade 0.001%Rnk 1125 / 1217

About

Overview This page contains the latest trade data of Wool Grease. In 2023, Wool Grease were the world's 1125th most traded product, with a total trade of $235M. Between 2022 and 2023 the exports of Wool Grease decreased by -16.8%, from $283M to $235M. Trade in Wool Grease represent 0.001% of total world trade.

Wool Grease are a part of Animal or vegetable fats, oils, & waxes. They include Derivatives of wool grease (including lanolin) and Wool grease, crude.

Exports In 2023 the top exporters of Wool Grease  were China ($63.8M), United Kingdom ($36.7M), Japan ($23.1M), Belgium ($21.8M), and Germany ($21.1M).

Imports In 2023 the top importers of Wool Grease were Germany ($42.3M), United States ($24.7M), United Kingdom ($23.7M), Japan ($15.7M), and Netherlands ($14.4M).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Wool Grease. 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

Top Origin (2023)China$63.8M
Top Destination (2023)Germany$42.3M

In 2023 Wool Grease were the world's 1125th most traded product (out of 1,217).

In 2023, the top exporters of Wool Grease were China ($63.8M), United Kingdom ($36.7M), Japan ($23.1M), Belgium ($21.8M), and Germany ($21.1M).

In 2023, the top importers of Wool Grease were Germany ($42.3M), United States ($24.7M), United Kingdom ($23.7M), Japan ($15.7M), and Netherlands ($14.4M).

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Exporters of Wool Grease (2023)
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Importers of Wool Grease (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$2.53M
Top Destination Growth (2022 -  2023)Mexico$1.88M

Between 2022 and 2023, the exports of Wool Grease grew the fastest in Germany ($2.53M), Australia ($1.05M), Bulgaria ($329k), Brazil ($322k), and Slovakia ($242k).

Between 2022 and 2023, the fastest growing importers of Wool Grease were Mexico ($1.88M), Bulgaria ($1.41M), Morocco ($739k), Turkey ($722k), and Thailand ($708k).

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Exporters of Wool Grease (2022 - 2023)

Importers of Wool Grease (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Wool Grease.

In 2023, market concentration measured using Shannon Entropy, was 3.57. This means that most of the exports of Wool Grease are explained by 11 countries.

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Value of Exports in Wool Grease

Net Trade

TOP NET EXPORTER (2023)China$62M
TOP NET IMPORTER (2023)Germany$21.1M

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

In 2023, the countries that had a largest trade value in exports than in imports of Wool Grease were China ($62M), United Kingdom ($12.9M), New Zealand ($9.95M), Belgium ($7.58M), and Japan ($7.4M).

In 2023, the countries that had a largest trade value in imports than in exports of Wool Grease were Germany ($21.1M), United States ($20.2M), Netherlands ($11.9M), Mexico ($9.87M), and Brazil ($5.2M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Wool Grease by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $1.66M
TOP IMPORT POTENTIALJapan+ $226k

Wool Grease’s highest export potential is India. With an export gap of $1.66M.  Wool Grease’s highest import potential is Japan with an import gap of $226k.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

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)

Country by Relatedness

The following visualization shows the relatedness of Wool Grease to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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