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2023
Exports $2.5BWorld Rnk 4 / 218
Flag Rnk 125 / 1217
2023
Destination $22.8M Mexico
2022 - 2023
FASTEST GROWING MARKET $22.8MFrance
2023
PRODUCT COMPLEXITY IN Ball Bearings1.17Rnk 116 / 1025
2023
Imports $3.24BWorld Rnk 3 / 221
Flag Rnk 157 / 1215
2023
Origin $25.2M Japan
2022 - 2023
FASTEST GROWING ORIGIN $25.2MCanada
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $2.5B in Ball Bearings, making it the 4th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 125th most exported product in United States. The main destination of Ball Bearings exports from United States are: Mexico ($536M), Canada ($324M), China ($186M), France ($151M), and Germany ($120M).

The fastest growing export markets for Ball Bearings of United States between 2022 and 2023 were France ($22.8M), China ($19.7M), and Mexico ($15.6M).

Imports In 2023, United States imported $3.24B in Ball Bearings, becoming the 3rd largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 157th most imported product in United States. United States imports Ball Bearings primarily from: Japan ($710M), China ($522M), Germany ($402M), Canada ($234M), and India ($225M).

The fastest growing import markets in Ball Bearings for United States between 2022 and 2023 were Canada ($25.2M), Germany ($25.1M), and Philippines ($7M).

COMPANIES In 2023, leading companies such as CrimsonLogic (1.21k), Schaeffler Group (1.15k), and SKF Group (821) were at the forefront of shipping Ball Bearings to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Ball Bearings exports accounted up to $222M and imports accounted up to $244M, resulting in a negative trade balance of $21.9M. Between November 2023 and November 2024 the exports of United States'   Ball Bearings have increased by $16M (7.77%) from $206M to $222M, while imports increased by $4.64M (1.94%) from $239M to $244M.

Destinations In November 2024, Ball Bearings were exported mostly to Mexico ($50.4M), Canada ($36M), China ($12.3M), France ($11.9M), and United Kingdom ($10.9M), and were imported mostly from Japan ($54.2M), China ($35.4M), Germany ($22M), Canada ($20M), and South Korea ($17.7M).

Growth In November 2024, the increase in Ball Bearings's year-by-year exports was explained primarily by an increase in exports to Canada ($8.95M or 25.9%), Mexico ($8.77M or 21.3%), and China ($6.8M or 78.9%). In November 2024, the increase in Ball Bearings's year-by-year imports was explained primarily by an increase in imports from India ($7.78M or 45.7%), Germany ($1.97M or 8.15%), and South Korea ($1.91M or 11.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$16M(7.77%)
IMPORT GROWTH (November 2023 - November 2024)$4.64M(1.94%)
MAIN EXPORTER (November 2024)Illinois$34.9M
MAIN DESTINATION (November 2024)Mexico$50.4M

This section shows Ball Bearings's exports and imports data at subnational level for United States. 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 (2023)$2.5B
IMPORTS (2023)$3.24B
NET TRADE (2023)-$739M

In 2023, United States exported $2.5B in Ball Bearings. The main destinations of United States exports on Ball Bearings were Mexico ($536M), Canada ($324M), China ($186M), France ($151M), and Germany ($120M).

In 2023, United States imported $3.24B in Ball Bearings, mainly from Japan ($710M), China ($522M), Germany ($402M), Canada ($234M), and India ($225M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR United States WERE (2022 - 2023):
France$22.8M (17.7%)
China$19.7M (11.8%)
Mexico$15.6M (3.01%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY United States WERE (2022 - 2023):
South Korea-$18.5M (-25.9%)
Austria-$17.7M (-64.8%)
Australia-$17.4M (-15.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Ball Bearings were:
China $6.46B
Germany $5.01B
Japan $4.28B
In 2023, United States's main importing competitors in Ball Bearings were:
Germany $4.37B
China $3.31B

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Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $69.2M
TOP IMPORT POTENTIALChina+ $172M

Ball Bearings’s highest export potential is China. With an export gap of $69.2M.   Ball Bearings’s highest import potential is China with an import gap of $172M.

See methodology.

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