NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

848210 (Harmonized System 1992 for 6-digit)

2023
World Trade $14.2BRnk 250 / 4644
2023
Top Exporter | Top Importer $3.15B | $1.86BChina | Germany
2023
Product Complexity 1.16Rnk 531 / 4656
2022 - 2023
Export Growth (CAGR) -8.31%Rnk 2512 / 4644
2023
Share of World Trade 0.063%Rnk 250 / 4644

About

Overview This page contains the latest trade data of Bearings, ball. In 2023, Bearings, ball were the world's 250th most traded product, with a total trade of $14.2B. Between 2022 and 2023 the exports of Bearings, ball decreased by -8.31%, from $15.5B to $14.2B. Trade in Bearings, ball represent 0.063% of total world trade.

Bearings, ball are a part of Ball Bearings.

Exports In 2023 the top exporters of Bearings, ball  were China ($3.15B), Japan ($1.89B), Germany ($1.7B), Italy ($816M), and United States ($735M).

Imports In 2023 the top importers of Bearings, ball were Germany ($1.86B), China ($1.36B), United States ($1.21B), Mexico ($557M), and India ($523M).

Ranking Bearings, ball ranks 531st in the Product Complexity Index (PCI).

Description Bearing are used in a variety of mechanical devices that move, as they are used to either reduce friction or provide a rotary motion.

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Bearings, ball. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

Explore Latest Trends

* 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2023)China$3.15B
Top Destination (2023)Germany$1.86B

In 2023 Bearings, ball were the world's 250th most traded product (out of 4,644).

In 2023, the top exporters of Bearings, ball were China ($3.15B), Japan ($1.89B), Germany ($1.7B), Italy ($816M), and United States ($735M).

In 2023, the top importers of Bearings, ball were Germany ($1.86B), China ($1.36B), United States ($1.21B), Mexico ($557M), and India ($523M).

Explore Visualizations

Exporters of Bearings, ball (2023)
[Click to Select a Country]

Importers of Bearings, ball (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)Singapore$73.4M
Top Destination Growth (2022 -  2023)United Arab Emirates$59.4M

Between 2022 and 2023, the exports of Bearings, ball grew the fastest in Singapore ($73.4M), Germany ($54.2M), Netherlands ($11.7M), Kazakhstan ($10.6M), and United Kingdom ($7.27M).

Between 2022 and 2023, the fastest growing importers of Bearings, ball were United Arab Emirates ($59.4M), Indonesia ($31.3M), Turkey ($28.9M), Hungary ($18M), and Egypt ($17.7M).

Explore Visualizations

Exporters of Bearings, ball (2022 - 2023)

Importers of Bearings, ball (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bearings, ball.

In 2023, market concentration measured using Shannon Entropy, was 4.18. This means that most of the exports of Bearings, ball are explained by 18 countries.

Explore Visualizations

Value of Exports in Bearings, ball

Net Trade

TOP NET EXPORTER (2023)China$1.79B
TOP NET IMPORTER (2023)United States$475M

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

In 2023, the countries that had a largest trade value in exports than in imports of Bearings, ball were China ($1.79B), Japan ($1.49B), Thailand ($382M), Italy ($293M), and Austria ($252M).

In 2023, the countries that had a largest trade value in imports than in exports of Bearings, ball were United States ($475M), Mexico ($471M), India ($361M), Brazil ($276M), and Netherlands ($205M).

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

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

Top 10 Exporters Countries of Bearings, ball 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)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms