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2023
Exports $6.46BWorld Rnk 1 / 218
Flag Rnk 96 / 1215
2023
Destination $102M India
2022 - 2023
FASTEST GROWING MARKET $102MRussia
2023
PRODUCT COMPLEXITY IN Ball Bearings1.17Rnk 116 / 1025
2023
Imports $3.31BWorld Rnk 2 / 221
Flag Rnk 96 / 1214
2023
Origin $19.7M Japan
2022 - 2023
FASTEST GROWING ORIGIN $19.7MUnited States
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $6.46B in Ball Bearings, making it the 1st largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 96th most exported product in China. The main destination of Ball Bearings exports from China are: India ($611M), United States ($522M), Germany ($515M), Mexico ($394M), and South Korea ($381M).

The fastest growing export markets for Ball Bearings of China between 2022 and 2023 were Russia ($102M), India ($52M), and South Korea ($22.9M).

Imports In 2023, China imported $3.31B in Ball Bearings, becoming the 2nd largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 96th most imported product in China. China imports Ball Bearings primarily from: Japan ($871M), Germany ($724M), Chinese Taipei ($388M), Thailand ($188M), and United States ($186M).

The fastest growing import markets in Ball Bearings for China between 2022 and 2023 were United States ($19.7M), United Kingdom ($7.4M), and Netherlands ($4.23M).

COMPANIES In 2024, leading companies such as CrimsonLogic (725), Schaeffler Group (231), and Itourscm (182) were at the forefront of shipping Ball Bearings from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Ball Bearings exports accounted up to $578M and imports accounted up to $313M, resulting in a positive trade balance of $264M. Between December 2023 and December 2024 the exports of China's   Ball Bearings have increased by $91M (18.7%) from $487M to $578M, while imports increased by $258k (0.082%) from $313M to $313M.

Destinations In December 2024, Ball Bearings were exported mostly to India ($58.8M), United States ($49.9M), Germany ($46.5M), South Korea ($32M), and Brazil ($24.1M), and were imported mostly from Japan ($82M), Germany ($53.7M), Chinese Taipei ($39.1M), Thailand ($22.6M), and United States ($17.4M).

Growth In December 2024, the increase in Ball Bearings's year-by-year exports was explained primarily by an increase in exports to India ($13.7M or 21.3%), Singapore ($3.35M or 42.5%), and Mexico ($2.99M or 10.9%). In December 2024, the increase in Ball Bearings's year-by-year imports was explained primarily by an increase in imports from Thailand ($4.58M or 25.8%), France ($2.59M or 30%), and China ($2.33M or 58.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$91M(18.7%)
IMPORT GROWTH (December 2023 - December 2024)$258k(0.082%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)India$58.8M

This section shows Ball Bearings's exports and imports data at subnational level for China. 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 (2023)$6.46B
IMPORTS (2023)$3.31B
NET TRADE (2023)$3.16B

In 2023, China exported $6.46B in Ball Bearings. The main destinations of China exports on Ball Bearings were India ($611M), United States ($522M), Germany ($515M), Mexico ($394M), and South Korea ($381M).

In 2023, China imported $3.31B in Ball Bearings, mainly from Japan ($871M), Germany ($724M), Chinese Taipei ($388M), Thailand ($188M), and United States ($186M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR China WERE (2022 - 2023):
Russia$102M (98.2%)
India$52M (9.3%)
South Korea$22.9M (6.39%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY China WERE (2022 - 2023):
United States-$208M (-28.5%)
Brazil-$110M (-28.3%)
Italy-$91.9M (-25.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Ball Bearings were:
Germany $5.01B
Japan $4.28B
In 2023, China's main importing competitors in Ball Bearings were:
Germany $4.37B
United States $3.24B

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Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $267M
TOP IMPORT POTENTIALIndia+ $92.7M

Ball Bearings’s highest export potential is India. With an export gap of $267M.   Ball Bearings’s highest import potential is India with an import gap of $92.7M.

See methodology.

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