HS Icon Ball Bearings

8482 (Harmonized System 1992 for 4-digit)

World Trade (2018): $34.3B, Rnk 108 / 1225

Top Exporter (2018): $5.59B, China

Top Importer (2018): $4.99B, Germany

Product Complexity (2018): 1.2, Rnk 101 / 1018

Export Growth (CAGR)(2017 - 2018): 7.32%, Rnk 883 / 1225

Mean Tariff (2018): 4.95%, Rnk 826 / 1259

Share of World Trade (2018): 0.19%, Rnk 108 / 1225

Overview:  This page contains the latest trade data of Ball Bearings. In 2018, Ball Bearings were the world's 108th most traded product, with a total trade of $34.3B. Between 2017 and 2018 the exports of Ball Bearings grew by 7.32%, from  $32B to $34.3B. Trade in Ball Bearings represent 0.19% of total world trade.

Exports: In 2018 the top exporters of Ball Bearings  were China ($5.59B), Germany ($5.5B), Japan ($4.71B), France ($1.98B), and United States ($1.96B).

Imports: In 2018 the top importers of Ball Bearings were Germany ($4.99B), United States ($3.58B), China ($3.13B), France ($1.61B), and Italy ($1.45B).

Tariffs: In 2018 the average tariff for Ball Bearings was 4.95%, been the 826 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Ball Bearings are Bahamas (40.2%), Maldives (34.2%), Bermuda (25%), Ethiopia (17.3%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Sri Lanka (0%).

Ranking: Ball Bearings ranks 101st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $5.59B

Top Destination (2018): Germany, $4.99B

Ball Bearings are the world's 108th most traded product.

In 2018, the top exporters of Ball Bearings were China ($5.59B), Germany ($5.5B), Japan ($4.71B), France ($1.98B), and United States ($1.96B).

In 2018, the top importers of Ball Bearings were Germany ($4.99B), United States ($3.58B), China ($3.13B), France ($1.61B), and Italy ($1.45B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $551M

Top Destination Growth (2017 - 2018): Germany, $710M

Between 2017 and 2018, the exports of Ball Bearings grew the fastest in Germany ($551M), China ($535M), France ($364M), Netherlands ($267M), and South Korea ($226M).

Between 2017 and 2018, the fastest growing importers of Ball Bearings were Germany ($710M), United States ($484M), India ($286M), Italy ($188M), and Netherlands ($154M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Ball Bearings.

In 2018,  market concentration measured using Shannon Entropy, was 4.28. This means that most of the exports of Ball Bearings are explained by 19 countries.

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TOP NET EXPORTER (2018): Japan, $3.94B

TOP NET IMPORTER (2018): United States, $1.62B

This map shows which countries export or import more of Ball Bearings. Each country is colored based on the difference in exports and imports of Ball Bearings during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Ball Bearings were Japan ($3.94B), China ($2.46B), Romania ($601M), Germany ($508M), and Slovakia ($507M).

In 2018, the countries that had a largest trade value in imports than in exports of Ball Bearings were United States ($1.62B), Mexico ($1.02B), India ($590M), Brazil ($408M), and Hong Kong ($393M).

Trade Forecasts

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This section shows forecasts for total trade for Ball Bearings. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Ball Bearings was 4.95%.  The countries with the highest tariffs for importing Ball Bearings were Bahamas (40.2%), Maldives (34.2%), Bermuda (25%), Ethiopia (17.3%), and Cambodia (15%).

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Product Complexity

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Diversification Frontier

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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.