2022
Exports
$32.3MWorld Rnk 44 / 219
Flag Rnk 310 / 1208
2022
PRODUCT COMPLEXITY IN Ball Bearings
1.2Rnk 104 / 1025
2022
Imports
$305MWorld Rnk 33 / 220
Flag Rnk 172 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $32.3M in Ball Bearings, making it the 44th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 310th most exported product in Australia. The main destination of Ball Bearings exports from Australia are: New Zealand ($8.43M), Papua New Guinea ($3.17M), Indonesia ($3.04M), United States ($3M), and Singapore ($2.75M).

The fastest growing export markets for Ball Bearings of Australia between 2021 and 2022 were Singapore ($1.6M), Indonesia ($1.08M), and Papua New Guinea ($447k).

Imports In 2022, Australia imported $305M in Ball Bearings, becoming the 33rd largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 172nd most imported product in Australia. Australia imports Ball Bearings primarily from: United States ($105M), China ($47.5M), Japan ($33.5M), Germany ($28.1M), and India ($15.3M).

The fastest growing import markets in Ball Bearings for Australia between 2021 and 2022 were United States ($28.8M), China ($15.8M), and Malaysia ($8.97M).

COMPANIES In 2023, leading companies such as QVC Inc (3) were at the forefront of shipping Ball Bearings from Australia to the United States.

Latest Trends

Nov 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 Ball Bearings. 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)$32.3M
IMPORTS (2022)$305M
NET TRADE (2022)-$272M

In 2022, Australia exported $32.3M in Ball Bearings. The main destinations of Australia exports on Ball Bearings were New Zealand ($8.43M), Papua New Guinea ($3.17M), Indonesia ($3.04M), United States ($3M), and Singapore ($2.75M).

In 2022, Australia imported $305M in Ball Bearings, mainly from United States ($105M), China ($47.5M), Japan ($33.5M), Germany ($28.1M), and India ($15.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Singapore$1.6M (140%)
Indonesia$1.08M (54.8%)
Papua New Guinea$447k (16.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Australia WERE (2021 - 2022):
Madagascar-$3.83M (-88.6%)
New Zealand-$1.31M (-13.5%)
Norway-$314k (-66.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Ball Bearings were:
China $7.18B
Germany $5.05B
Japan $4.49B
In 2022, Australia's main importing competitors in Ball Bearings were:

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Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.26M
TOP IMPORT POTENTIALChina+ $21.8M

Ball Bearings’s highest export potential is United States. With an export gap of $2.26M.   Ball Bearings’s highest import potential is China with an import gap of $21.8M.

See methodology.

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