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848280 (Harmonized System 1992 for 6-digit)

2022
World Trade $1.42BRnk 1821 / 4648
2022
Top Exporter | Top Importer $276M | $135MChina | Germany
2022
Product Complexity 1.28Rnk 398 / 4653
2021 - 2022
Export Growth (CAGR) -0.053%Rnk 2963 / 4648
2022
Share of World Trade 0.006%Rnk 1821 / 4648

About

Overview This page contains the latest trade data of Bearings, ball or roller, nes, including combinations. In 2022, Bearings, ball or roller, nes, including combinations were the world's 1821st most traded product, with a total trade of $1.42B. Between 2021 and 2022 the exports of Bearings, ball or roller, nes, including combinations decreased by -0.053%, from $1.42B to $1.42B. Trade in Bearings, ball or roller, nes, including combinations represent 0.006% of total world trade.

Bearings, ball or roller, nes, including combinations are a part of Ball Bearings.

Exports In 2022 the top exporters of Bearings, ball or roller, nes, including combinations  were China ($276M), Germany ($160M), Singapore ($123M), United States ($111M), and Italy ($109M).

Imports In 2022 the top importers of Bearings, ball or roller, nes, including combinations were Germany ($135M), China ($110M), Canada ($68.2M), Indonesia ($65.3M), and United States ($57.6M).

Ranking Bearings, ball or roller, nes, including combinations ranks 398th in the Product Complexity Index (PCI).

Description Bearings are important because they allow objects to turn smoothly. Bearings are often used in applications such as in motors, which use a bearing to allow the top and bottom pieces to spin, and in rolling chairs and wheelchairs.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bearings, ball or roller, nes, including combinations. 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$276M
Top Destination (2022)Germany$135M

In 2022 Bearings, ball or roller, nes, including combinations were the world's 1821st most traded product (out of 4,648).

In 2022, the top exporters of Bearings, ball or roller, nes, including combinations were China ($276M), Germany ($160M), Singapore ($123M), United States ($111M), and Italy ($109M).

In 2022, the top importers of Bearings, ball or roller, nes, including combinations were Germany ($135M), China ($110M), Canada ($68.2M), Indonesia ($65.3M), and United States ($57.6M).

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Exporters of Bearings, ball or roller, nes, including combinations (2022)
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Importers of Bearings, ball or roller, nes, including combinations (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$30.7M
Top Destination Growth (2021 -  2022)Indonesia$29.3M

Between 2021 and 2022, the exports of Bearings, ball or roller, nes, including combinations grew the fastest in China ($30.7M), Singapore ($15.1M), Netherlands ($7.6M), Turkey ($5.4M), and United States ($4.71M).

Between 2021 and 2022, the fastest growing importers of Bearings, ball or roller, nes, including combinations were Indonesia ($29.3M), Philippines ($11.8M), United Arab Emirates ($4.78M), Italy ($3.99M), and South Africa ($3.87M).

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Exporters of Bearings, ball or roller, nes, including combinations (2021 - 2022)

Importers of Bearings, ball or roller, nes, including combinations (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bearings, ball or roller, nes, including combinations.

In 2022, market concentration measured using Shannon Entropy, was 4.3. This means that most of the exports of Bearings, ball or roller, nes, including combinations are explained by 19 countries.

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Value of Exports in Bearings, ball or roller, nes, including combinations

Net Trade

TOP NET EXPORTER (2022)China$165M
TOP NET IMPORTER (2022)Indonesia$61.4M

This map shows which countries export or import more of Bearings, ball or roller, nes, including combinations. Each country is colored based on the difference in exports and imports of Bearings, ball or roller, nes, including combinations during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Bearings, ball or roller, nes, including combinations were China ($165M), Singapore ($107M), Italy ($61.8M), United States ($53.8M), and Vietnam ($46.7M).

In 2022, the countries that had a largest trade value in imports than in exports of Bearings, ball or roller, nes, including combinations were Indonesia ($61.4M), Canada ($58.9M), Malaysia ($26.9M), Mexico ($24.8M), and India ($21.3M).

Net Trade (2022)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Bearings, ball or roller, nes, including combinations 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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