2023
Exports
$251MWorld Rnk 24 / 218
Flag Rnk 216 / 1189
2023
PRODUCT COMPLEXITY IN Ball Bearings
1.17Rnk 116 / 1025
2023
Imports
$1.53BWorld Rnk 5 / 221
Flag Rnk 75 / 1209
2023
ECONOMIC COMPLEXITY of Mexico
1.09Rnk 25 / 132

About

Exports In 2023, Mexico exported $251M in Ball Bearings, making it the 24th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 216th most exported product in Mexico. The main destination of Ball Bearings exports from Mexico are: United States ($178M), Canada ($13.9M), Germany ($10.1M), Brazil ($8.42M), and Singapore ($5.57M).

The fastest growing export markets for Ball Bearings of Mexico between 2022 and 2023 were Singapore ($4.19M), Germany ($2.54M), and India ($2.21M).

Imports In 2023, Mexico imported $1.53B in Ball Bearings, becoming the 5th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 75th most imported product in Mexico. Mexico imports Ball Bearings primarily from: United States ($536M), China ($394M), Japan ($143M), South Korea ($88.1M), and Germany ($80.5M).

The fastest growing import markets in Ball Bearings for Mexico between 2022 and 2023 were United States ($15.6M), Japan ($11.4M), and India ($6.38M).

COMPANIES In 2024, leading companies such as SKF Group (4) and Volkswagen (2) were at the forefront of shipping Ball Bearings from Mexico to the United States.

Latest Trends

Dec 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 (2023)$251M
IMPORTS (2023)$1.53B
NET TRADE (2023)-$1.28B

In 2023, Mexico exported $251M in Ball Bearings. The main destinations of Mexico exports on Ball Bearings were United States ($178M), Canada ($13.9M), Germany ($10.1M), Brazil ($8.42M), and Singapore ($5.57M).

In 2023, Mexico imported $1.53B in Ball Bearings, mainly from United States ($536M), China ($394M), Japan ($143M), South Korea ($88.1M), and Germany ($80.5M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Mexico WERE (2022 - 2023):
Singapore$4.19M (305%)
Germany$2.54M (33.6%)
India$2.21M (597%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Mexico WERE (2022 - 2023):
Canada-$3.18M (-18.6%)
Belgium-$1.75M (-50.9%)
United States-$1.61M (-0.9%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2023, Mexico's main exporting competitors in Ball Bearings were:
China $6.46B
Germany $5.01B
Japan $4.28B
In 2023, Mexico'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 POTENTIALUnited States+ $52.1M
TOP IMPORT POTENTIALChina+ $35.6M

Ball Bearings’s highest export potential is United States. With an export gap of $52.1M.   Ball Bearings’s highest import potential is China with an import gap of $35.6M.

See methodology.

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