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2022
Exports $2.44BWorld Rnk 4 / 219
Flag Rnk 130 / 1217
2022
Destination $79.3M Mexico
2021 - 2022
FASTEST GROWING MARKET $79.3MMexico
2022
PRODUCT COMPLEXITY IN Ball Bearings1.2Rnk 104 / 1025
2022
Imports $3.67BWorld Rnk 2 / 220
Flag Rnk 153 / 1216
2022
Origin $61.8M Japan
2021 - 2022
FASTEST GROWING ORIGIN $61.8MIndia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $2.44B in Ball Bearings, making it the 4th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 130th most exported product in United States. The main destination of Ball Bearings exports from United States are: Mexico ($561M), Canada ($427M), China ($133M), France ($115M), and Germany ($112M).

The fastest growing export markets for Ball Bearings of United States between 2021 and 2022 were Mexico ($79.3M), Canada ($57.4M), and Australia ($28.8M).

Imports In 2022, United States imported $3.67B in Ball Bearings, becoming the 2nd largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 153rd most imported product in United States. United States imports Ball Bearings primarily from: Japan ($809M), China ($712M), Germany ($412M), India ($254M), and Canada ($234M).

The fastest growing import markets in Ball Bearings for United States between 2021 and 2022 were India ($61.8M), Germany ($32.4M), and Romania ($32.2M).

COMPANIES In 2023, leading companies such as CrimsonLogic (1.21k), Schaeffler Group (1.15k), and SKF Group (821) were at the forefront of shipping Ball Bearings to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Ball Bearings exports accounted up to $234M and imports accounted up to $273M, resulting in a negative trade balance of $39.2M. Between August 2023 and August 2024 the exports of United States'   Ball Bearings have increased by $5.99M (2.63%) from $228M to $234M, while imports increased by $11.2M (4.26%) from $262M to $273M.

Destinations In August 2024, Ball Bearings were exported mostly to Mexico ($49.9M), Canada ($46.4M), Brazil ($15.5M), China ($13.7M), and Germany ($9.97M), and were imported mostly from Japan ($56.1M), China ($44.2M), Germany ($28.2M), South Korea ($20M), and Mexico ($18M).

Growth In August 2024, the increase in Ball Bearings's year-by-year exports was explained primarily by an increase in exports to Canada ($8.95M or 25.9%), Mexico ($8.77M or 21.3%), and China ($6.8M or 78.9%). In August 2024, the increase in Ball Bearings's year-by-year imports was explained primarily by an increase in imports from India ($7.78M or 45.7%), Germany ($1.97M or 8.15%), and South Korea ($1.91M or 11.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$5.99M(2.63%)
IMPORT GROWTH (August 2023 - August 2024)$11.2M(4.26%)
MAIN EXPORTER (August 2024)Illinois$34.9M
MAIN DESTINATION (August 2024)Mexico$49.9M

This section shows Ball Bearings's exports and imports data at subnational level for United States. 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)$2.44B
IMPORTS (2022)$3.67B
NET TRADE (2022)-$1.23B

In 2022, United States exported $2.44B in Ball Bearings. The main destinations of United States exports on Ball Bearings were Mexico ($561M), Canada ($427M), China ($133M), France ($115M), and Germany ($112M).

In 2022, United States imported $3.67B in Ball Bearings, mainly from Japan ($809M), China ($712M), Germany ($412M), India ($254M), and Canada ($234M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$79.3M (16.5%)
Canada$57.4M (15.5%)
Australia$28.8M (37.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY United States WERE (2021 - 2022):
Russia-$25.7M (-86.2%)
China-$13.7M (-9.35%)
Belgium-$5.86M (-23.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Ball Bearings were:
China $7.18B
Germany $5.05B
Japan $4.49B
In 2022, United States's main importing competitors in Ball Bearings were:
Germany $4.52B
China $3.34B

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Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $69.2M
TOP IMPORT POTENTIALChina+ $172M

Ball Bearings’s highest export potential is China. With an export gap of $69.2M.   Ball Bearings’s highest import potential is China with an import gap of $172M.

See methodology.

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