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848299 (Harmonized System 1992 for 6-digit)

2023
World Trade $5.05BRnk 725 / 4644
2023
Top Exporter | Top Importer $985M | $624MChina | Germany
2023
Product Complexity 1.19Rnk 488 / 4656
2022 - 2023
Export Growth (CAGR) -9.99%Rnk 2713 / 4644
2023
Share of World Trade 0.022%Rnk 725 / 4644

About

Overview This page contains the latest trade data of Bearing parts, nes. In 2023, Bearing parts, nes were the world's 725th most traded product, with a total trade of $5.05B. Between 2022 and 2023 the exports of Bearing parts, nes decreased by -9.99%, from $5.61B to $5.05B. Trade in Bearing parts, nes represent 0.022% of total world trade.

Bearing parts, nes are a part of Ball Bearings.

Exports In 2023 the top exporters of Bearing parts, nes  were China ($985M), Germany ($684M), Japan ($581M), Chinese Taipei ($372M), and United States ($291M).

Imports In 2023 the top importers of Bearing parts, nes were Germany ($624M), China ($578M), United States ($513M), France ($380M), and Mexico ($252M).

Ranking Bearing parts, nes ranks 488th 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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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 (2023)China$985M
Top Destination (2023)Germany$624M

In 2023 Bearing parts, nes were the world's 725th most traded product (out of 4,644).

In 2023, the top exporters of Bearing parts, nes were China ($985M), Germany ($684M), Japan ($581M), Chinese Taipei ($372M), and United States ($291M).

In 2023, the top importers of Bearing parts, nes were Germany ($624M), China ($578M), United States ($513M), France ($380M), and Mexico ($252M).

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Exporters of Bearing parts, nes (2023)
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Importers of Bearing parts, nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Switzerland$8.15M
Top Destination Growth (2022 -  2023)Russia$26.5M

Between 2022 and 2023, the exports of Bearing parts, nes grew the fastest in Switzerland ($8.15M), Austria ($7.39M), Slovakia ($6.51M), Hungary ($4.45M), and Sweden ($4.07M).

Between 2022 and 2023, the fastest growing importers of Bearing parts, nes were Russia ($26.5M), South Korea ($17.8M), Poland ($15.9M), Hungary ($6.23M), and Switzerland ($3.99M).

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Exporters of Bearing parts, nes (2022 - 2023)

Importers of Bearing parts, nes (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.14. 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 (2023)Japan$467M
TOP NET IMPORTER (2023)United States$223M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Bearing parts, nes were Japan ($467M), China ($407M), Chinese Taipei ($346M), India ($93.8M), and Bosnia and Herzegovina ($64.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Bearing parts, nes were United States ($223M), France ($220M), Mexico ($206M), Austria ($123M), and Brazil ($123M).

Net Trade (2023)

Country Comparison

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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 (2023)

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