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848240 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.42BRnk 1816 / 4648
2022
Top Exporter | Top Importer $283M | $200MGermany | Germany
2022
Product Complexity 1.77Rnk 74 / 4653
2021 - 2022
Export Growth (CAGR) 0.69%Rnk 2848 / 4648
2022
Share of World Trade 0.006%Rnk 1816 / 4648

About

Overview This page contains the latest trade data of Bearings, needle roller. In 2022, Bearings, needle roller were the world's 1816th most traded product, with a total trade of $1.42B. Between 2021 and 2022 the exports of Bearings, needle roller grew by 0.69%, from $1.42B to $1.42B. Trade in Bearings, needle roller represent 0.006% of total world trade.

Bearings, needle roller are a part of Ball Bearings.

Exports In 2022 the top exporters of Bearings, needle roller  were Germany ($283M), China ($247M), Japan ($242M), Slovakia ($154M), and United States ($126M).

Imports In 2022 the top importers of Bearings, needle roller were Germany ($200M), United States ($175M), China ($144M), Mexico ($113M), and South Korea ($63.5M).

Ranking Bearings, needle roller ranks 74th in the Product Complexity Index (PCI).

Description Bearings are round pieces of metal that are used to reduce friction between two surfaces that are rotating and in contact. Needle rollers are used to reduce friction between two surfaces, but are also used to hold the surfaces together.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bearings, needle roller. 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 (2022)Germany$283M
Top Destination (2022)Germany$200M

In 2022 Bearings, needle roller were the world's 1816th most traded product (out of 4,648).

In 2022, the top exporters of Bearings, needle roller were Germany ($283M), China ($247M), Japan ($242M), Slovakia ($154M), and United States ($126M).

In 2022, the top importers of Bearings, needle roller were Germany ($200M), United States ($175M), China ($144M), Mexico ($113M), and South Korea ($63.5M).

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Exporters of Bearings, needle roller (2022)
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Importers of Bearings, needle roller (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Slovakia$38.9M
Top Destination Growth (2021 -  2022)Germany$22.3M

Between 2021 and 2022, the exports of Bearings, needle roller grew the fastest in Slovakia ($38.9M), Germany ($17M), Singapore ($7.4M), Czechia ($6.73M), and Mexico ($6.21M).

Between 2021 and 2022, the fastest growing importers of Bearings, needle roller were Germany ($22.3M), Canada ($8.01M), Netherlands ($5.42M), Hungary ($5.27M), and Brazil ($4.76M).

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Exporters of Bearings, needle roller (2021 - 2022)

Importers of Bearings, needle roller (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.62. This means that most of the exports of Bearings, needle roller are explained by 12 countries.

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Value of Exports in Bearings, needle roller

Net Trade

TOP NET EXPORTER (2022)Japan$198M
TOP NET IMPORTER (2022)Mexico$81.1M

This map shows which countries export or import more of Bearings, needle roller. Each country is colored based on the difference in exports and imports of Bearings, needle roller during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Bearings, needle roller were Japan ($198M), Slovakia ($145M), China ($103M), Germany ($82.8M), and France ($14.2M).

In 2022, the countries that had a largest trade value in imports than in exports of Bearings, needle roller were Mexico ($81.1M), United States ($49.4M), Italy ($35.2M), Indonesia ($33.7M), and Thailand ($29.9M).

Net Trade (2022)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Bearings, needle roller 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 (2022)

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