2022
Exports
$970MWorld Rnk 9 / 219
Flag Rnk 89 / 1212
2022
PRODUCT COMPLEXITY IN Ball Bearings
1.2Rnk 104 / 1025
2022
Imports
$1.32BWorld Rnk 6 / 220
Flag Rnk 75 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $970M in Ball Bearings, making it the 9th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 89th most exported product in India. The main destination of Ball Bearings exports from India are: United States ($254M), Germany ($157M), France ($53.2M), China ($51.6M), and Brazil ($28.5M).

The fastest growing export markets for Ball Bearings of India between 2021 and 2022 were United States ($61.8M), Germany ($15.1M), and Turkey ($8.6M).

Imports In 2022, India imported $1.32B in Ball Bearings, becoming the 6th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 75th most imported product in India. India imports Ball Bearings primarily from: China ($589M), Germany ($176M), Japan ($134M), United States ($51.9M), and Hungary ($49M).

The fastest growing import markets in Ball Bearings for India between 2021 and 2022 were Hungary ($30.3M), China ($14.3M), and United States ($8.49M).

COMPANIES In 2023, leading companies such as Schaeffler Group (482), SKF Group (188), and ZF Friedrichshafen (16) were at the forefront of shipping Ball Bearings from India to the United States.

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Ball Bearings. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$970M
IMPORTS (2022)$1.32B
NET TRADE (2022)-$352M

In 2022, India exported $970M in Ball Bearings. The main destinations of India exports on Ball Bearings were United States ($254M), Germany ($157M), France ($53.2M), China ($51.6M), and Brazil ($28.5M).

In 2022, India imported $1.32B in Ball Bearings, mainly from China ($589M), Germany ($176M), Japan ($134M), United States ($51.9M), and Hungary ($49M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR India WERE (2021 - 2022):
United States$61.8M (32.1%)
Germany$15.1M (10.6%)
Turkey$8.6M (67.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY India WERE (2021 - 2022):
China-$6.56M (-11.3%)
Sweden-$1.84M (-48%)
Mexico-$1.69M (-6.41%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Ball Bearings were:
China $7.18B
Germany $5.05B
Japan $4.49B
In 2022, India's main importing competitors in Ball Bearings were:

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Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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