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848291 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.58BRnk 1639 / 4644
2023
Top Exporter | Top Importer $354M | $201MChina | Germany
2023
Product Complexity 0.93Rnk 888 / 4656
2022 - 2023
Export Growth (CAGR) -10.6%Rnk 2775 / 4644
2023
Share of World Trade 0.007%Rnk 1639 / 4644

About

Overview This page contains the latest trade data of Balls, needles and rollers for bearings. In 2023, Balls, needles and rollers for bearings were the world's 1639th most traded product, with a total trade of $1.58B. Between 2022 and 2023 the exports of Balls, needles and rollers for bearings decreased by -10.6%, from $1.76B to $1.58B. Trade in Balls, needles and rollers for bearings represent 0.007% of total world trade.

Balls, needles and rollers for bearings are a part of Ball Bearings.

Exports In 2023 the top exporters of Balls, needles and rollers for bearings  were China ($354M), Germany ($200M), Japan ($148M), France ($113M), and United States ($109M).

Imports In 2023 the top importers of Balls, needles and rollers for bearings were Germany ($201M), Italy ($147M), United States ($104M), Mexico ($100M), and South Korea ($94M).

Ranking Balls, needles and rollers for bearings ranks 888th in the Product Complexity Index (PCI).

Description Ball bearings are often used in car engines because they are inexpensive and can operate at high speeds. They are also used in many industrial applications. The balls are made from hard steel and are loaded into a housing. The inside surface of the housing is lined with a polished surface. The balls are able to roll in the housing without touching the surface. This is because the balls are separated from the surface by a thin film of oil.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Balls, needles and rollers for 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$354M
Top Destination (2023)Germany$201M

In 2023 Balls, needles and rollers for bearings were the world's 1639th most traded product (out of 4,644).

In 2023, the top exporters of Balls, needles and rollers for bearings were China ($354M), Germany ($200M), Japan ($148M), France ($113M), and United States ($109M).

In 2023, the top importers of Balls, needles and rollers for bearings were Germany ($201M), Italy ($147M), United States ($104M), Mexico ($100M), and South Korea ($94M).

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Exporters of Balls, needles and rollers for bearings (2023)
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Importers of Balls, needles and rollers for bearings (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)France$23.8M
Top Destination Growth (2022 -  2023)Italy$9.49M

Between 2022 and 2023, the exports of Balls, needles and rollers for bearings grew the fastest in France ($23.8M), Bosnia and Herzegovina ($19.8M), Hungary ($9.61M), Belgium ($8.79M), and Spain ($4.88M).

Between 2022 and 2023, the fastest growing importers of Balls, needles and rollers for bearings were Italy ($9.49M), Mexico ($9.05M), Austria ($8.34M), Canada ($2.63M), and Iran ($2.42M).

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Exporters of Balls, needles and rollers for bearings (2022 - 2023)

Importers of Balls, needles and rollers for bearings (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Balls, needles and rollers for bearings.

In 2023, market concentration measured using Shannon Entropy, was 3.98. This means that most of the exports of Balls, needles and rollers for bearings are explained by 15 countries.

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Value of Exports in Balls, needles and rollers for bearings

Net Trade

TOP NET EXPORTER (2023)China$262M
TOP NET IMPORTER (2023)Mexico$98.9M

This map shows which countries export or import more of Balls, needles and rollers for bearings. Each country is colored based on the difference in exports and imports of Balls, needles and rollers for bearings during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Balls, needles and rollers for bearings were China ($262M), Japan ($114M), Poland ($56.3M), Spain ($49.9M), and Bosnia and Herzegovina ($33.6M).

In 2023, the countries that had a largest trade value in imports than in exports of Balls, needles and rollers for bearings were Mexico ($98.9M), South Korea ($83.5M), Italy ($61.6M), Austria ($43.4M), and Romania ($34.1M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Balls, needles and rollers for bearings by percentage of total exports

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)

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