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848220 (Harmonized System 1992 for 6-digit)

2023
World Trade $5.1BRnk 719 / 4644
2023
Top Exporter | Top Importer $729M | $718MChina | Germany
2023
Product Complexity 1.34Rnk 291 / 4656
2022 - 2023
Export Growth (CAGR) -3.61%Rnk 1927 / 4644
2023
Share of World Trade 0.023%Rnk 719 / 4644

About

Overview This page contains the latest trade data of Bearings, tapered roller, including assemblies. In 2023, Bearings, tapered roller, including assemblies were the world's 719th most traded product, with a total trade of $5.1B. Between 2022 and 2023 the exports of Bearings, tapered roller, including assemblies decreased by -3.61%, from $5.29B to $5.1B. Trade in Bearings, tapered roller, including assemblies represent 0.023% of total world trade.

Bearings, tapered roller, including assemblies are a part of Ball Bearings.

Exports In 2023 the top exporters of Bearings, tapered roller, including assemblies  were China ($729M), Japan ($638M), United States ($620M), Germany ($591M), and Romania ($420M).

Imports In 2023 the top importers of Bearings, tapered roller, including assemblies were Germany ($718M), United States ($559M), China ($403M), Mexico ($305M), and France ($267M).

Ranking Bearings, tapered roller, including assemblies ranks 291st in the Product Complexity Index (PCI).

Description Tapered roller bearings are used in a variety of applications, including aerospace, construction, food processing, and mining. They are used in assemblies which have high loads and high speeds, and the assembly is exposed to a harsh environment.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bearings, tapered roller, including assemblies. 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$729M
Top Destination (2023)Germany$718M

In 2023 Bearings, tapered roller, including assemblies were the world's 719th most traded product (out of 4,644).

In 2023, the top exporters of Bearings, tapered roller, including assemblies were China ($729M), Japan ($638M), United States ($620M), Germany ($591M), and Romania ($420M).

In 2023, the top importers of Bearings, tapered roller, including assemblies were Germany ($718M), United States ($559M), China ($403M), Mexico ($305M), and France ($267M).

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Exporters of Bearings, tapered roller, including assemblies (2023)
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Importers of Bearings, tapered roller, including assemblies (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Austria$18.5M
Top Destination Growth (2022 -  2023)Germany$45.8M

Between 2022 and 2023, the exports of Bearings, tapered roller, including assemblies grew the fastest in Austria ($18.5M), Singapore ($18.5M), Mexico ($13.9M), Hungary ($13.4M), and Canada ($12M).

Between 2022 and 2023, the fastest growing importers of Bearings, tapered roller, including assemblies were Germany ($45.8M), Mexico ($25.9M), Russia ($25.4M), Kazakhstan ($22.8M), and United Arab Emirates ($11.8M).

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Exporters of Bearings, tapered roller, including assemblies (2022 - 2023)

Importers of Bearings, tapered roller, including assemblies (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bearings, tapered roller, including assemblies.

In 2023, market concentration measured using Shannon Entropy, was 4.05. This means that most of the exports of Bearings, tapered roller, including assemblies are explained by 16 countries.

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Value of Exports in Bearings, tapered roller, including assemblies

Net Trade

TOP NET EXPORTER (2023)Japan$588M
TOP NET IMPORTER (2023)Mexico$254M

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

In 2023, the countries that had a largest trade value in exports than in imports of Bearings, tapered roller, including assemblies were Japan ($588M), Romania ($407M), China ($326M), India ($218M), and Austria ($207M).

In 2023, the countries that had a largest trade value in imports than in exports of Bearings, tapered roller, including assemblies were Mexico ($254M), Germany ($127M), Brazil ($124M), Australia ($123M), and Russia ($105M).

Net Trade (2023)

Country Comparison

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

Top 10 Exporters Countries of Bearings, tapered roller, including assemblies 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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