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848230 (Harmonized System 1992 for 6-digit)

2022
World Trade $2.21BRnk 1398 / 4648
2022
Top Exporter | Top Importer $378M | $226MSweden | China
2022
Product Complexity 1.63Rnk 124 / 4653
2021 - 2022
Export Growth (CAGR) 2.61%Rnk 2582 / 4648
2022
Share of World Trade 0.0093%Rnk 1398 / 4648

About

Overview This page contains the latest trade data of Bearings, spherical roller. In 2022, Bearings, spherical roller were the world's 1398th most traded product, with a total trade of $2.21B. Between 2021 and 2022 the exports of Bearings, spherical roller grew by 2.61%, from $2.16B to $2.21B. Trade in Bearings, spherical roller represent 0.0093% of total world trade.

Bearings, spherical roller are a part of Ball Bearings.

Exports In 2022 the top exporters of Bearings, spherical roller  were Sweden ($378M), Germany ($342M), China ($326M), Japan ($236M), and United States ($121M).

Imports In 2022 the top importers of Bearings, spherical roller were China ($226M), United States ($222M), Belgium ($167M), India ($137M), and Germany ($134M).

Ranking Bearings, spherical roller ranks 124th in the Product Complexity Index (PCI).

Description Bearing are typically used in machines and equipment that need to move to avoid friction. They are also used in ball bearings, which are used in many different gears to help them turn easily. Spherical roller bearings are typically used when the equipment needs more support and stability.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bearings, spherical 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)Sweden$378M
Top Destination (2022)China$226M

In 2022 Bearings, spherical roller were the world's 1398th most traded product (out of 4,648).

In 2022, the top exporters of Bearings, spherical roller were Sweden ($378M), Germany ($342M), China ($326M), Japan ($236M), and United States ($121M).

In 2022, the top importers of Bearings, spherical roller were China ($226M), United States ($222M), Belgium ($167M), India ($137M), and Germany ($134M).

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

Color
Top Origin Growth (2021 -  2022)China$46.2M
Top Destination Growth (2021 -  2022)United States$45.9M

Between 2021 and 2022, the exports of Bearings, spherical roller grew the fastest in China ($46.2M), United Kingdom ($44.6M), United States ($19.2M), Malaysia ($12.2M), and Japan ($7.92M).

Between 2021 and 2022, the fastest growing importers of Bearings, spherical roller were United States ($45.9M), Turkey ($35M), Belgium ($31.9M), Canada ($19.2M), and Germany ($8.97M).

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Exporters of Bearings, spherical roller (2021 - 2022)

Importers of Bearings, spherical roller (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.91. This means that most of the exports of Bearings, spherical roller are explained by 15 countries.

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Value of Exports in Bearings, spherical roller

Net Trade

TOP NET EXPORTER (2022)Sweden$367M
TOP NET IMPORTER (2022)Belgium$126M

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

In 2022, the countries that had a largest trade value in exports than in imports of Bearings, spherical roller were Sweden ($367M), Japan ($221M), Germany ($207M), Romania ($107M), and China ($99.5M).

In 2022, the countries that had a largest trade value in imports than in exports of Bearings, spherical roller were Belgium ($126M), India ($108M), United States ($102M), Turkey ($71.4M), and Brazil ($66.2M).

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

Top 10 Exporters Countries of Bearings, spherical 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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