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Pricing

Ball or roller bearings

8482 (Harmonized System 1992 for 4-digit)

2023
World Trade $34.7BRnk 122 / 1217
2023
Top Exporter | Top Importer $6.46B | $4.37BChina | Germany
2023
Product Complexity 1.32Rnk 79 / 1044
2022 - 2023
Export Growth (CAGR) -6.19%Rnk 606 / 1217
2023
Share of World Trade 0.15%Rnk 122 / 1217

About

Overview This page contains the latest trade data of Ball Bearings. In 2023, Ball Bearings were the world's 122nd most traded product, with a total trade of $34.7B. Between 2022 and 2023 the exports of Ball Bearings decreased by -6.19%, from $37B to $34.7B. Trade in Ball Bearings represent 0.15% of total world trade.

Ball Bearings are a part of Machinery, mechanical appliances, & parts. They include Bearings, ball, Bearing parts, nes, Bearings, tapered roller, including assemblies, Bearings, cylindrical roller, nes, Bearings, spherical roller, Bearings, ball or roller, nes, including combinations, Balls, needles and rollers for bearings, and Bearings, needle roller.

Exports In 2023 the top exporters of Ball Bearings  were China ($6.46B), Germany ($5.01B), Japan ($4.28B), United States ($2.5B), and France ($1.59B).

Imports In 2023 the top importers of Ball Bearings were Germany ($4.37B), China ($3.31B), United States ($3.24B), France ($1.53B), and Mexico ($1.53B).

Ranking Ball Bearings ranks 79th in the Product Complexity Index (PCI).

Description Ball or roller bearings are used in the production of other goods. They can be made from a variety of materials, including steel, bronze, and plastic.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Ball Bearings. 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 (2023)China$6.46B
Top Destination (2023)Germany$4.37B

In 2023 Ball Bearings were the world's 122nd most traded product (out of 1,217).

In 2023, the top exporters of Ball Bearings were China ($6.46B), Germany ($5.01B), Japan ($4.28B), United States ($2.5B), and France ($1.59B).

In 2023, the top importers of Ball Bearings were Germany ($4.37B), China ($3.31B), United States ($3.24B), France ($1.53B), and Mexico ($1.53B).

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Exporters of Ball Bearings (2023)
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Importers of Ball Bearings (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$102M
Top Destination Growth (2022 -  2023)United Arab Emirates$92.9M

Between 2022 and 2023, the exports of Ball Bearings grew the fastest in Germany ($102M), Singapore ($61.6M), Romania ($43.7M), Netherlands ($38M), and Hungary ($34.7M).

Between 2022 and 2023, the fastest growing importers of Ball Bearings were United Arab Emirates ($92.9M), Turkey ($52.9M), Russia ($46M), Hungary ($32.7M), and Mexico ($30.4M).

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Exporters of Ball Bearings (2022 - 2023)

Importers of Ball Bearings (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Ball Bearings.

In 2023, market concentration measured using Shannon Entropy, was 4.26. This means that most of the exports of Ball Bearings are explained by 19 countries.

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Value of Exports in Ball Bearings

Net Trade

TOP NET EXPORTER (2023)Japan$3.55B
TOP NET IMPORTER (2023)Mexico$1.28B

This map shows which countries export or import more of Ball Bearings. Each country is colored based on the difference in exports and imports of Ball Bearings during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Ball Bearings were Japan ($3.55B), China ($3.16B), Romania ($935M), Germany ($634M), and Slovakia ($509M).

In 2023, the countries that had a largest trade value in imports than in exports of Ball Bearings were Mexico ($1.28B), Brazil ($762M), United States ($739M), Russia ($559M), and Turkey ($473M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Ball Bearings, disaggragated by their HS6 level were Bearings, ball ($14.2B), Bearings, tapered roller, including assemblies ($5.1B), Bearing parts, nes ($5.05B), Bearings, cylindrical roller, nes ($3.77B), and Bearings, spherical roller ($2.08B)

HS6 Disaggregation for Ball Bearings (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Ball Bearings by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $59.8M
TOP IMPORT POTENTIALChina+ $75.3M

Ball Bearings’s highest export potential is India. With an export gap of $59.8M.  Ball Bearings’s highest import potential is China with an import gap of $75.3M.

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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 (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Ball Bearings.

Country by Relatedness

The following visualization shows the relatedness of Ball Bearings to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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