HS Icon Bearings, cylindrical roller, nes

848250 (Harmonized System 1992 for 6-digit)

World Trade (2018): $3.09B, Rnk 981 / 4726

Top Exporter (2018): $993M, Germany

Top Importer (2018): $434M, China

Product Complexity (2018): 0.89, Rnk 957 / 4873

Export Growth (CAGR)(2017 - 2018): 6.94%, Rnk 3098 / 4726

Mean Tariff (2018): 4.86%, Rnk 4240 / 6538

Share of World Trade (2018): 0.017%, Rnk 981 / 4726

Overview:  This page contains the latest trade data of Bearings, cylindrical roller, nes. In 2018, Bearings, cylindrical roller, nes were the world's 981st most traded product, with a total trade of $3.09B. Between 2017 and 2018 the exports of Bearings, cylindrical roller, nes grew by 6.94%, from  $2.89B to $3.09B. Trade in Bearings, cylindrical roller, nes represent 0.017% of total world trade.

Exports: In 2018 the top exporters of Bearings, cylindrical roller, nes  were Germany ($993M), Japan ($403M), China ($248M), United States ($212M), and France ($164M).

Imports: In 2018 the top importers of Bearings, cylindrical roller, nes were China ($434M), Germany ($377M), United States ($376M), Italy ($129M), and South Korea ($116M).

Tariffs: In 2018 the average tariff for Bearings, cylindrical roller, nes was 4.86%, been the 4240 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Bearings, cylindrical roller, nes are Bahamas (40.2%), Maldives (34.2%), Bermuda (25%), Ethiopia (19.8%), and Venezuela (15.4%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), South Africa (0%), Hong Kong (0%), and Japan (0%).

Ranking: Bearings, cylindrical roller, nes ranks 957th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $993M

Top Destination (2018): China, $434M

Bearings, cylindrical roller, nes are the world's 981st most traded product.

In 2018, the top exporters of Bearings, cylindrical roller, nes were Germany ($993M), Japan ($403M), China ($248M), United States ($212M), and France ($164M).

In 2018, the top importers of Bearings, cylindrical roller, nes were China ($434M), Germany ($377M), United States ($376M), Italy ($129M), and South Korea ($116M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $98.1M

Top Destination Growth (2017 - 2018): Germany, $35.4M

Between 2017 and 2018, the exports of Bearings, cylindrical roller, nes grew the fastest in Germany ($98.1M), France ($42.6M), China ($29.5M), Netherlands ($27.8M), and Canada ($26.5M).

Between 2017 and 2018, the fastest growing importers of Bearings, cylindrical roller, nes were Germany ($35.4M), India ($33.4M), Russia ($32.1M), United States ($31.1M), and Belgium-Luxembourg ($23.4M).

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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 Bearings, cylindrical roller, nes.

In 2018,  market concentration measured using Shannon Entropy, was 3.75. This means that most of the exports of Bearings, cylindrical roller, nes are explained by 13 countries.

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TOP NET EXPORTER (2018): Germany, $615M

TOP NET IMPORTER (2018): China, $186M

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

In 2018, the countries that had a largest trade value in exports than in imports of Bearings, cylindrical roller, nes were Germany ($615M), Japan ($348M), Slovakia ($100M), Romania ($91.2M), and Canada ($69.7M).

In 2018, the countries that had a largest trade value in imports than in exports of Bearings, cylindrical roller, nes were China ($186M), United States ($164M), South Korea ($93.2M), Mexico ($89M), and Russia ($81M).

Trade Forecasts

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This section shows forecasts for total trade for Bearings, cylindrical roller, nes. 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 Bearings, cylindrical roller, nes was 4.86%.  The countries with the highest tariffs for importing Bearings, cylindrical roller, nes were Bahamas (40.2%), Maldives (34.2%), Bermuda (25%), Ethiopia (19.8%), and Venezuela (15.4%).

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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.