Ball Bearings8482 (Harmonized System 1992 for 4-digit)
2020 World Trade: $27.9B, Rnk 127 / 1217
2020 Top Exporter | Top Importer: $4.66B | $3.61B, Germany | Germany
2020 Product Complexity: 1.2, Rnk 116 / 1028
2019 - 2020 Export Growth (CAGR): -13.7%, Rnk 864 / 1217
2018 Mean Tariff: 5%, Rnk 835 / 1259
2020 Share of World Trade: 0.17%, Rnk 127 / 1217
Overview This page contains the latest trade data of Ball Bearings. In 2020, Ball Bearings were the world's 127th most traded product, with a total trade of $27.9B. Between 2019 and 2020 the exports of Ball Bearings decreased by -13.7%, from $32.4B to $27.9B. Trade in Ball Bearings represent 0.17% of total world trade.
Ball Bearings are a part of Machinery, mechanical appliances, & parts. They include Bearings, ball, Bearings, tapered roller, including assemblies, Bearing parts, nes, 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 2020 the top exporters of Ball Bearings were Germany ($4.66B), China ($4.66B), Japan ($3.61B), United States ($1.87B), and France ($1.43B).
Imports In 2020 the top importers of Ball Bearings were Germany ($3.61B), China ($3.32B), United States ($2.71B), France ($1.17B), and Italy ($1.07B).
Tariffs In 2018 the average tariff for Ball Bearings was 5%, making it the 835th lowest tariff using the HS4 product classification.
Ranking Ball Bearings ranks 116th 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.
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Ball Bearings are the world's 127th most traded product.
In 2020, the top exporters of Ball Bearings were Germany ($4.66B), China ($4.66B), Japan ($3.61B), United States ($1.87B), and France ($1.43B).
In 2020, the top importers of Ball Bearings were Germany ($3.61B), China ($3.32B), United States ($2.71B), France ($1.17B), and Italy ($1.07B).
Trade by country
Between 2019 and 2020, the exports of Ball Bearings grew the fastest in Denmark ($24.8M), Turkey ($4.92M), Bulgaria ($4.74M), Saudi Arabia ($4.67M), and Vietnam ($2.35M).
Between 2019 and 2020, the fastest growing importers of Ball Bearings were China ($415M), Vietnam ($38M), Australia ($11.7M), Turkey ($9.34M), and Ghana ($4.01M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Ball Bearings.
In 2020, market concentration measured using Shannon Entropy, was 4.27. This means that most of the exports of Ball Bearings are explained by 19 countries.
TOP NET EXPORTER (2020): Japan, $3.02B
TOP NET IMPORTER (2020): United States, $836M
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Ball Bearings were Japan ($3.02B), China ($1.34B), Germany ($1.05B), Romania ($650M), and Slovakia ($397M).
In 2020, the countries that had a largest trade value in imports than in exports of Ball Bearings were United States ($836M), Mexico ($791M), Brazil ($453M), Belgium ($382M), and Hong Kong ($369M).
In 2020, the world most traded Ball Bearings, disaggragated by their HS6 level were Bearings, ball ($11.6B), Bearings, tapered roller, including assemblies ($4.16B), Bearing parts, nes ($3.86B), Bearings, cylindrical roller, nes ($2.76B), and Bearings, spherical roller ($1.92B)
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.
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.
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