2022
Exports
$309MWorld Rnk 22 / 219
Flag Rnk 175 / 1176
2022
PRODUCT COMPLEXITY IN Ball Bearings
1.2Rnk 104 / 1025
2022
Imports
$444MWorld Rnk 24 / 220
Flag Rnk 150 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $309M in Ball Bearings, making it the 22nd largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 175th most exported product in Vietnam. The main destination of Ball Bearings exports from Vietnam are: Japan ($76.1M), Germany ($53M), United States ($50.4M), China ($38.6M), and India ($12.9M).

The fastest growing export markets for Ball Bearings of Vietnam between 2021 and 2022 were Germany ($14.9M), Japan ($4.21M), and Brazil ($2.01M).

Imports In 2022, Vietnam imported $444M in Ball Bearings, becoming the 24th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 150th most imported product in Vietnam. Vietnam imports Ball Bearings primarily from: N/A.

The fastest growing import markets in Ball Bearings for Vietnam between 2021 and 2022 were Malaysia ($6.33M), India ($4.6M), and South Korea ($3.6M).

COMPANIES In 2023, leading companies such as Schaeffler Group (135), Xerox (1), and Home Depot (1) were at the forefront of shipping Ball Bearings from Vietnam to the United States.

Latest Trends

Sep 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)$309M
IMPORTS (2022)$444M
NET TRADE (2022)-$135M

In 2022, Vietnam exported $309M in Ball Bearings. The main destinations of Vietnam exports on Ball Bearings were Japan ($76.1M), Germany ($53M), United States ($50.4M), China ($38.6M), and India ($12.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
Germany$14.9M (39.1%)
Japan$4.21M (5.86%)
Brazil$2.01M (49.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Vietnam WERE (2021 - 2022):
United States-$17.8M (-26.1%)
Russia-$7.41M (-69.2%)
China-$5.32M (-12.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Ball Bearings were:
China $7.18B
Germany $5.05B
Japan $4.49B
In 2022, Vietnam'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+ $50.7M
TOP IMPORT POTENTIALChina+ $76.7M

Ball Bearings’s highest export potential is China. With an export gap of $50.7M.   Ball Bearings’s highest import potential is China with an import gap of $76.7M.

See methodology.

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