This paper presents a comparative analysis of the major indicators of both world and domestic markets of milk, dairy products, eggs and wool. Namely, for the past 20 years, for the observed subperiods, the method of comparative analysis was used to study quantitative and structural differences in the production and trade of analyzed product groups, at both the world and at the level of continents and some countries. The leading manufacturers and flows of international trade and the leading exporters and importers of milk, dairy products, eggs and wool were defined, with special emphasis on importance of Serbia, i.e. its position in the global market for these products. Pursuant to the above, and importance of analyzed product groups for the domestic market, i.e. agroindustry and the economy as a whole, this paper specially studies balances, structure, dynamics and regional orientation of foreign trade in milk, dairy products, eggs and wool. In addition, the paper points to the needs, capabilities, measures and directions of further development of domestic production and export of products analyzed.