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848299 (Harmonized System 1992 for 6-digit)

2022
World Trade $5.1BRnk 747 / 4648
2022
Top Exporter | Top Importer $1.13B | $675MChina | Germany
2022
Product Complexity 1.17Rnk 542 / 4653
2021 - 2022
Export Growth (CAGR) -4.12%Rnk 3489 / 4648
2022
Share of World Trade 0.022%Rnk 747 / 4648

About

Overview This page contains the latest trade data of Bearing parts, nes. In 2022, Bearing parts, nes were the world's 747th most traded product, with a total trade of $5.1B. Between 2021 and 2022 the exports of Bearing parts, nes decreased by -4.12%, from $5.32B to $5.1B. Trade in Bearing parts, nes represent 0.022% of total world trade.

Bearing parts, nes are a part of Ball Bearings.

Exports In 2022 the top exporters of Bearing parts, nes  were China ($1.13B), Japan ($689M), Germany ($655M), India ($279M), and United States ($261M).

Imports In 2022 the top importers of Bearing parts, nes were Germany ($675M), United States ($615M), China ($466M), France ($305M), and Italy ($262M).

Ranking Bearing parts, nes ranks 542nd in the Product Complexity Index (PCI).

Description Bearing parts can be very useful and can be used in many different industries. They can provide structural support and are typically used in machines and equipment for the following areas:

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Bearing parts, nes. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)China$1.13B
Top Destination (2022)Germany$675M

In 2022 Bearing parts, nes were the world's 747th most traded product (out of 4,648).

In 2022, the top exporters of Bearing parts, nes were China ($1.13B), Japan ($689M), Germany ($655M), India ($279M), and United States ($261M).

In 2022, the top importers of Bearing parts, nes were Germany ($675M), United States ($615M), China ($466M), France ($305M), and Italy ($262M).

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Exporters of Bearing parts, nes (2022)
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Importers of Bearing parts, nes (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$61.3M
Top Destination Growth (2021 -  2022)India$18.5M

Between 2021 and 2022, the exports of Bearing parts, nes grew the fastest in China ($61.3M), India ($32.2M), Chinese Taipei ($18.9M), Vietnam ($13.9M), and Malaysia ($13M).

Between 2021 and 2022, the fastest growing importers of Bearing parts, nes were India ($18.5M), Poland ($11.2M), Brazil ($10.1M), Spain ($9.25M), and Vietnam ($6.97M).

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Exporters of Bearing parts, nes (2021 - 2022)

Importers of Bearing parts, nes (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bearing parts, nes.

In 2022, market concentration measured using Shannon Entropy, was 4.1. This means that most of the exports of Bearing parts, nes are explained by 17 countries.

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Value of Exports in Bearing parts, nes

Net Trade

TOP NET EXPORTER (2022)China$664M
TOP NET IMPORTER (2022)United States$354M

This map shows which countries export or import more of Bearing parts, nes. Each country is colored based on the difference in exports and imports of Bearing parts, nes during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Bearing parts, nes were China ($664M), Japan ($552M), Chinese Taipei ($109M), Romania ($105M), and India ($105M).

In 2022, the countries that had a largest trade value in imports than in exports of Bearing parts, nes were United States ($354M), Mexico ($170M), France ($137M), Brazil ($121M), and Austria ($99.7M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Bearing parts, nes.
It is possible to select the main countries that export or import Bearing parts, nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Bearing parts, nes by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

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