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848280 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.49BRnk 1692 / 4644
2023
Top Exporter | Top Importer $287M | $111MChina | Germany
2023
Product Complexity 1.54Rnk 147 / 4656
2022 - 2023
Export Growth (CAGR) -9%Rnk 2584 / 4644
2023
Share of World Trade 0.0066%Rnk 1692 / 4644

About

Overview This page contains the latest trade data of Bearings, ball or roller, nes, including combinations. In 2023, Bearings, ball or roller, nes, including combinations were the world's 1692nd most traded product, with a total trade of $1.49B. Between 2022 and 2023 the exports of Bearings, ball or roller, nes, including combinations decreased by -9%, from $1.63B to $1.49B. Trade in Bearings, ball or roller, nes, including combinations represent 0.0066% of total world trade.

Bearings, ball or roller, nes, including combinations are a part of Ball Bearings.

Exports In 2023 the top exporters of Bearings, ball or roller, nes, including combinations  were China ($287M), Germany ($190M), United States ($151M), Japan ($150M), and Italy ($104M).

Imports In 2023 the top importers of Bearings, ball or roller, nes, including combinations were Germany ($111M), India ($93.4M), Indonesia ($87.2M), Canada ($65.9M), and China ($65.4M).

Ranking Bearings, ball or roller, nes, including combinations ranks 147th in the Product Complexity Index (PCI).

Description Bearings are important because they allow objects to turn smoothly. Bearings are often used in applications such as in motors, which use a bearing to allow the top and bottom pieces to spin, and in rolling chairs and wheelchairs.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bearings, ball or roller, nes, including combinations. 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$287M
Top Destination (2023)Germany$111M

In 2023 Bearings, ball or roller, nes, including combinations were the world's 1692nd most traded product (out of 4,644).

In 2023, the top exporters of Bearings, ball or roller, nes, including combinations were China ($287M), Germany ($190M), United States ($151M), Japan ($150M), and Italy ($104M).

In 2023, the top importers of Bearings, ball or roller, nes, including combinations were Germany ($111M), India ($93.4M), Indonesia ($87.2M), Canada ($65.9M), and China ($65.4M).

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Exporters of Bearings, ball or roller, nes, including combinations (2023)
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Importers of Bearings, ball or roller, nes, including combinations (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Netherlands$20.7M
Top Destination Growth (2022 -  2023)Poland$18M

Between 2022 and 2023, the exports of Bearings, ball or roller, nes, including combinations grew the fastest in Netherlands ($20.7M), Thailand ($8.85M), Turkey ($7.07M), Romania ($4.54M), and Indonesia ($2.96M).

Between 2022 and 2023, the fastest growing importers of Bearings, ball or roller, nes, including combinations were Poland ($18M), United Arab Emirates ($7.55M), Russia ($4.88M), Turkey ($3.83M), and Mexico ($2.65M).

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Exporters of Bearings, ball or roller, nes, including combinations (2022 - 2023)

Importers of Bearings, ball or roller, nes, including combinations (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bearings, ball or roller, nes, including combinations.

In 2023, market concentration measured using Shannon Entropy, was 4.22. This means that most of the exports of Bearings, ball or roller, nes, including combinations are explained by 18 countries.

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Value of Exports in Bearings, ball or roller, nes, including combinations

Net Trade

TOP NET EXPORTER (2023)China$222M
TOP NET IMPORTER (2023)Indonesia$79.3M

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

In 2023, the countries that had a largest trade value in exports than in imports of Bearings, ball or roller, nes, including combinations were China ($222M), Japan ($135M), United States ($104M), Germany ($79.1M), and Italy ($58.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Bearings, ball or roller, nes, including combinations were Indonesia ($79.3M), India ($67.3M), Canada ($52.5M), Poland ($40.8M), and Malaysia ($31.7M).

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 Bearings, ball or roller, nes, including combinations.
It is possible to select the main countries that export or import Bearings, ball or roller, nes, including combinations in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Bearings, ball or roller, nes, including combinations 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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