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2022
Exports $7.18BWorld Rnk 1 / 219
Flag Rnk 92 / 1216
2022
Destination $63.8M United States
2021 - 2022
FASTEST GROWING MARKET $63.8MKyrgyzstan
2022
PRODUCT COMPLEXITY IN Ball Bearings1.2Rnk 104 / 1025
2022
Imports $3.34BWorld Rnk 3 / 220
Flag Rnk 102 / 1212
2022
Origin $28.1M Japan
2021 - 2022
FASTEST GROWING ORIGIN $28.1MMalaysia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $7.18B in Ball Bearings, making it the 1st largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 92nd most exported product in China. The main destination of Ball Bearings exports from China are: United States ($712M), Germany ($616M), India ($589M), South Korea ($376M), and Italy ($357M).

The fastest growing export markets for Ball Bearings of China between 2021 and 2022 were Kyrgyzstan ($63.8M), Russia ($62.1M), and Malaysia ($59.3M).

Imports In 2022, China imported $3.34B in Ball Bearings, becoming the 3rd largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 102nd most imported product in China. China imports Ball Bearings primarily from: Japan ($1.06B), Germany ($794M), South Korea ($178M), Chinese Taipei ($152M), and Thailand ($136M).

The fastest growing import markets in Ball Bearings for China between 2021 and 2022 were Malaysia ($28.1M), Hong Kong ($15.3M), and Netherlands ($7.77M).

COMPANIES In 2023, leading companies such as CrimsonLogic (1.21k), Schaeffler Group (236), and Itourscm (171) were at the forefront of shipping Ball Bearings from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Ball Bearings exports accounted up to $511M and imports accounted up to $284M, resulting in a positive trade balance of $226M. Between October 2023 and October 2024 the exports of China's   Ball Bearings have increased by $59.3M (13.2%) from $451M to $511M, while imports increased by $4.35M (1.55%) from $280M to $284M.

Destinations In October 2024, Ball Bearings were exported mostly to India ($60.1M), United States ($45.5M), Germany ($38.2M), South Korea ($30.5M), and Brazil ($24.8M), and were imported mostly from Japan ($73.1M), Germany ($46.2M), Chinese Taipei ($38.3M), Thailand ($22.4M), and United States ($18M).

Growth In October 2024, the increase in Ball Bearings's year-by-year exports was explained primarily by an increase in exports to Russia ($21.5M or 432%), Kyrgyzstan ($7.31M or 495%), and Iran ($6.55M or 97.7%). In October 2024, the increase in Ball Bearings's year-by-year imports was explained primarily by an increase in imports from Canada ($2.25M or 437%), India ($1.7M or 29.2%), and Russia ($1.2M or 376%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$59.3M(13.2%)
IMPORT GROWTH (October 2023 - October 2024)$4.35M(1.55%)
MAIN EXPORTER (October 2024)Zhejiang Province$219M
MAIN DESTINATION (October 2024)India$60.1M

This section shows Ball Bearings's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Ball Bearings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.18B
IMPORTS (2022)$3.34B
NET TRADE (2022)$3.84B

In 2022, China exported $7.18B in Ball Bearings. The main destinations of China exports on Ball Bearings were United States ($712M), Germany ($616M), India ($589M), South Korea ($376M), and Italy ($357M).

In 2022, China imported $3.34B in Ball Bearings, mainly from Japan ($1.06B), Germany ($794M), South Korea ($178M), Chinese Taipei ($152M), and Thailand ($136M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR China WERE (2021 - 2022):
Kyrgyzstan$63.8M (1.25k%)
Russia$62.1M (147%)
Malaysia$59.3M (37.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY China WERE (2021 - 2022):
Mexico-$73.6M (-17.8%)
Chinese Taipei-$49.3M (-26.4%)
Singapore-$25.6M (-16.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Ball Bearings were:
Germany $5.05B
Japan $4.49B
In 2022, China's main importing competitors in Ball Bearings were:
Germany $4.52B
United States $3.67B

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Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $267M
TOP IMPORT POTENTIALIndia+ $92.7M

Ball Bearings’s highest export potential is India. With an export gap of $267M.   Ball Bearings’s highest import potential is India with an import gap of $92.7M.

See methodology.

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