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Pricing

2018
Exports $488MWorld Rnk 17 / 219
Flag Rnk 146 / 1216
2018
Destination $49.4M Belgium
2021 - 2022
FASTEST GROWING MARKET $49.4MBelgium
2022
PRODUCT COMPLEXITY IN Ball Bearings1.2Rnk 104 / 1025
2018
Imports $561MWorld Rnk 18 / 220
Flag Rnk 233 / 1214
2018
Origin $20.3M Germany
2021 - 2022
FASTEST GROWING ORIGIN $20.3MUnited States
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2018, United Kingdom exported $488M in Ball Bearings, making it the 17th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 146th most exported product in United Kingdom. The main destination of Ball Bearings exports from United Kingdom are: Belgium ($72.9M), United States ($69.1M), Germany ($62.7M), Netherlands ($56.4M), and China ($21.3M).

The fastest growing export markets for Ball Bearings of United Kingdom between 2021 and 2022 were Belgium ($49.4M), Singapore ($9.02M), and United Kingdom ($6.2M).

Imports In 2022, United Kingdom imported $561M in Ball Bearings, becoming the 18th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 233rd most imported product in United Kingdom. United Kingdom imports Ball Bearings primarily from: Germany ($129M), United States ($83.8M), China ($53.9M), France ($50.6M), and Japan ($42.8M).

The fastest growing import markets in Ball Bearings for United Kingdom between 2021 and 2022 were United States ($20.3M), China ($10.9M), and United Kingdom ($6.2M).

COMPANIES In 2023, leading companies such as Red Bull (3) and Amazon (1) were at the forefront of shipping Ball Bearings from United Kingdom to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Ball Bearings exports accounted up to £28.4M and imports accounted up to £30.5M, resulting in a negative trade balance of £2.09M. Between August 2023 and August 2024 the exports of United Kingdom's   Ball Bearings have decreased by £-3.62M (-11.3%) from £32M to £28.4M, while imports decreased by £-5.89M (-16.2%) from £36.3M to £30.5M.

Destinations In August 2024, Ball Bearings were exported mostly to United States (£5.55M), Germany (£3.2M), Belgium (£2.64M), Hong Kong (£2.46M), and Netherlands (£1.81M), and were imported mostly from Germany (£7.77M), United States (£6.11M), France (£4.04M), Belgium (£3.27M), and China (£1.74M).

Growth In August 2024, the decrease in Ball Bearings's year-by-year exports was explained primarily by a decrease in exports to Singapore (£-490k or -41.8%), United States (£-460k or -10.3%), and Japan (£-257k or -61.3%). In August 2024, the decrease in Ball Bearings's year-by-year imports was explained primarily by a decrease in imports from Poland (£-1.55M or -72.6%), China (£-1.51M or -43.9%), and Singapore (£-332k or -71.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£-3.62M(-11.3%)
IMPORT GROWTH (August 2023 - August 2024)£-5.89M(-16.2%)
MAIN EXPORTER (August 2024)London Heathrow Airport£9.47M
MAIN DESTINATION (August 2024)United States£5.55M

This section shows Ball Bearings's exports and imports data at subnational level for United Kingdom. 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)$488M
IMPORTS (2022)$561M
NET TRADE (2022)-$72.8M

In 2022, United Kingdom exported $488M in Ball Bearings. The main destinations of United Kingdom exports on Ball Bearings were Belgium ($72.9M), United States ($69.1M), Germany ($62.7M), Netherlands ($56.4M), and China ($21.3M).

In 2022, United Kingdom imported $561M in Ball Bearings, mainly from Germany ($129M), United States ($83.8M), China ($53.9M), France ($50.6M), and Japan ($42.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Belgium$49.4M (210%)
Singapore$9.02M (101%)
United Kingdom$6.2M (249%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY United Kingdom WERE (2021 - 2022):
Germany-$19.2M (-23.5%)
Italy-$5.68M (-33%)
Czechia-$4.12M (-38.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Ball Bearings were:
China $7.18B
Germany $5.05B
Japan $4.49B
In 2022, United Kingdom'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 POTENTIALGermany+ $30M
TOP IMPORT POTENTIALChina+ $36.7M

Ball Bearings’s highest export potential is Germany. With an export gap of $30M.   Ball Bearings’s highest import potential is China with an import gap of $36.7M.

See methodology.

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