2022
Exports
$254MWorld Rnk 23 / 219
Flag Rnk 213 / 1193
2022
PRODUCT COMPLEXITY IN Ball Bearings
1.2Rnk 104 / 1025
2022
Imports
$1.32BWorld Rnk 7 / 220
Flag Rnk 84 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $254M in Ball Bearings, making it the 23rd largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 213th most exported product in Mexico. The main destination of Ball Bearings exports from Mexico are: United States ($194M), Canada ($11.9M), Germany ($11.4M), Brazil ($6.27M), and China ($2.84M).

The fastest growing export markets for Ball Bearings of Mexico between 2021 and 2022 were United States ($24.7M), Canada ($3.13M), and Brazil ($2.58M).

Imports In 2022, Mexico imported $1.32B in Ball Bearings, becoming the 7th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 84th most imported product in Mexico. Mexico imports Ball Bearings primarily from: United States ($561M), China ($339M), South Korea ($88.7M), Germany ($67.9M), and Japan ($67.3M).

The fastest growing import markets in Ball Bearings for Mexico between 2021 and 2022 were United States ($79.3M), Germany ($7.4M), and Thailand ($6.19M).

COMPANIES In 2023, leading companies such as SKF Group (24) and Schaeffler Group (3) were at the forefront of shipping Ball Bearings from Mexico 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)$254M
IMPORTS (2022)$1.32B
NET TRADE (2022)-$1.06B

In 2022, Mexico exported $254M in Ball Bearings. The main destinations of Mexico exports on Ball Bearings were United States ($194M), Canada ($11.9M), Germany ($11.4M), Brazil ($6.27M), and China ($2.84M).

In 2022, Mexico imported $1.32B in Ball Bearings, mainly from United States ($561M), China ($339M), South Korea ($88.7M), Germany ($67.9M), and Japan ($67.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$24.7M (14.6%)
Canada$3.13M (35.7%)
Brazil$2.58M (70%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Mexico WERE (2021 - 2022):
Germany-$3.31M (-22.5%)
United Kingdom-$2.91M (-67.7%)
Austria-$727k (-98%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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