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Pricing

2022
Exports $335MWorld Rnk 20 / 219
Flag Rnk 214 / 1210
2022
Destination $3.29M United States
2021 - 2022
FASTEST GROWING MARKET $3.29MPoland
2022
PRODUCT COMPLEXITY IN Ball Bearings1.2Rnk 104 / 1025
2022
Imports $790MWorld Rnk 11 / 220
Flag Rnk 149 / 1213
2022
Origin $57.4M United States
2021 - 2022
FASTEST GROWING ORIGIN $57.4MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $335M in Ball Bearings, making it the 20th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 214th most exported product in Canada. The main destination of Ball Bearings exports from Canada are: United States ($234M), Canada ($15.1M), Germany ($12M), Singapore ($11.9M), and Poland ($9.09M).

The fastest growing export markets for Ball Bearings of Canada between 2021 and 2022 were Poland ($3.29M), Singapore ($3.03M), and Germany ($1.55M).

Imports In 2022, Canada imported $790M in Ball Bearings, becoming the 11th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 149th most imported product in Canada. Canada imports Ball Bearings primarily from: United States ($427M), China ($131M), Japan ($53.8M), Germany ($27.1M), and South Korea ($21.2M).

The fastest growing import markets in Ball Bearings for Canada between 2021 and 2022 were United States ($57.4M), Germany ($5.44M), and China ($4.22M).

COMPANIES In 2023, leading companies such as Schaeffler Group (1) and Celebrity Cruises (1) were at the forefront of shipping Ball Bearings from Canada to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Canada's Ball Bearings exports accounted up to C$29.7M and imports accounted up to C$96.9M, resulting in a negative trade balance of C$67.3M. Between August 2023 and August 2024 the exports of Canada's   Ball Bearings have decreased by C$-927k (-3.03%) from C$30.6M to C$29.7M, while imports increased by C$6.49M (7.18%) from C$90.4M to C$96.9M.

Destinations In August 2024, Ball Bearings were exported mostly to United States (C$23.1M), Germany (C$1.34M), Brazil (C$1.21M), Singapore (C$678k), and Italy (C$655k), and were imported mostly from United States (C$39M), China (C$13M), Japan (C$9.94M), Germany (C$6.66M), and Canada (C$4.81M).

Growth In August 2024, the decrease in Ball Bearings's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (C$-151k or -94.7%), South Korea (C$-146k or -58.5%), and Italy (C$-135k or -80.6%). In August 2024, the increase in Ball Bearings's year-by-year imports was explained primarily by an increase in imports from United States (C$10.1M or 36.8%), China (C$4.68M or 41.9%), and Japan (C$4.64M or 89.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)C$-927k(-3.03%)
IMPORT GROWTH (August 2023 - August 2024)C$6.49M(7.18%)
MAIN EXPORTER (August 2024)OntarioC$31.4M
MAIN DESTINATION (August 2024)United StatesC$23.1M

This section shows Ball Bearings's exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Ball Bearings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$335M
IMPORTS (2022)$790M
NET TRADE (2022)-$455M

In 2022, Canada exported $335M in Ball Bearings. The main destinations of Canada exports on Ball Bearings were United States ($234M), Canada ($15.1M), Germany ($12M), Singapore ($11.9M), and Poland ($9.09M).

In 2022, Canada imported $790M in Ball Bearings, mainly from United States ($427M), China ($131M), Japan ($53.8M), Germany ($27.1M), and South Korea ($21.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Poland$3.29M (56.6%)
Singapore$3.03M (34.1%)
Germany$1.55M (14.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Canada WERE (2021 - 2022):
Canada-$3.31M (-18%)
United States-$2.53M (-1.07%)
Mexico-$2.47M (-47.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Ball Bearings were:
China $7.18B
Germany $5.05B
Japan $4.49B
In 2022, Canada's main importing competitors in Ball Bearings were:
Germany $4.52B
United States $3.67B
China $3.34B

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Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $73.8M
TOP IMPORT POTENTIALChina+ $38.1M

Ball Bearings’s highest export potential is United States. With an export gap of $73.8M.   Ball Bearings’s highest import potential is China with an import gap of $38.1M.

See methodology.

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