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Pricing

848210 (Harmonized System 1992 for 6-digit)

2022
World Trade $15.1BRnk 241 / 4648
2022
Top Exporter | Top Importer $3.71B | $2.06BChina | Germany
2022
Product Complexity 0.91Rnk 919 / 4653
2021 - 2022
Export Growth (CAGR) -0.05%Rnk 2962 / 4648
2022
Share of World Trade 0.064%Rnk 241 / 4648

About

Overview This page contains the latest trade data of Bearings, ball. In 2022, Bearings, ball were the world's 241st most traded product, with a total trade of $15.1B. Between 2021 and 2022 the exports of Bearings, ball decreased by -0.05%, from $15.1B to $15.1B. Trade in Bearings, ball represent 0.064% of total world trade.

Bearings, ball are a part of Ball Bearings.

Exports In 2022 the top exporters of Bearings, ball  were China ($3.71B), Japan ($2.03B), Germany ($1.79B), Italy ($831M), and United States ($740M).

Imports In 2022 the top importers of Bearings, ball were Germany ($2.06B), United States ($1.43B), China ($1.41B), Italy ($604M), and India ($550M).

Ranking Bearings, ball ranks 919th in the Product Complexity Index (PCI).

Description Bearing are used in a variety of mechanical devices that move, as they are used to either reduce friction or provide a rotary motion.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Bearings, ball. 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 (2022)China$3.71B
Top Destination (2022)Germany$2.06B

In 2022 Bearings, ball were the world's 241st most traded product (out of 4,648).

In 2022, the top exporters of Bearings, ball were China ($3.71B), Japan ($2.03B), Germany ($1.79B), Italy ($831M), and United States ($740M).

In 2022, the top importers of Bearings, ball were Germany ($2.06B), United States ($1.43B), China ($1.41B), Italy ($604M), and India ($550M).

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Exporters of Bearings, ball (2022)
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Importers of Bearings, ball (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$108M
Top Destination Growth (2021 -  2022)Turkey$64.8M

Between 2021 and 2022, the exports of Bearings, ball grew the fastest in China ($108M), Malaysia ($86.5M), United States ($65.2M), Thailand ($36.8M), and India ($32.8M).

Between 2021 and 2022, the fastest growing importers of Bearings, ball were Turkey ($64.8M), Kyrgyzstan ($62M), Germany ($38.7M), Russia ($37.5M), and Brazil ($33.9M).

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Exporters of Bearings, ball (2021 - 2022)

Importers of Bearings, ball (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bearings, ball.

In 2022, market concentration measured using Shannon Entropy, was 4.1. This means that most of the exports of Bearings, ball are explained by 17 countries.

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Value of Exports in Bearings, ball

Net Trade

TOP NET EXPORTER (2022)China$2.3B
TOP NET IMPORTER (2022)United States$694M

This map shows which countries export or import more of Bearings, ball. Each country is colored based on the difference in exports and imports of Bearings, ball during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Bearings, ball were China ($2.3B), Japan ($1.65B), Thailand ($268M), Italy ($227M), and Austria ($166M).

In 2022, the countries that had a largest trade value in imports than in exports of Bearings, ball were United States ($694M), India ($388M), Mexico ($374M), Brazil ($299M), and Germany ($266M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Bearings, ball by percentage of total exports

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 (2022)

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