NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

848240 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.45BRnk 1718 / 4644
2023
Top Exporter | Top Importer $270M | $225MGermany | Germany
2023
Product Complexity 1.75Rnk 75 / 4656
2022 - 2023
Export Growth (CAGR) -1.09%Rnk 1669 / 4644
2023
Share of World Trade 0.0064%Rnk 1718 / 4644

About

Overview This page contains the latest trade data of Bearings, needle roller. In 2023, Bearings, needle roller were the world's 1718th most traded product, with a total trade of $1.45B. Between 2022 and 2023 the exports of Bearings, needle roller decreased by -1.09%, from $1.46B to $1.45B. Trade in Bearings, needle roller represent 0.0064% of total world trade.

Bearings, needle roller are a part of Ball Bearings.

Exports In 2023 the top exporters of Bearings, needle roller  were Germany ($270M), China ($268M), Japan ($237M), Slovakia ($182M), and United States ($134M).

Imports In 2023 the top importers of Bearings, needle roller were Germany ($225M), United States ($169M), Mexico ($133M), China ($100M), and South Korea ($55.5M).

Ranking Bearings, needle roller ranks 75th in the Product Complexity Index (PCI).

Description Bearings are round pieces of metal that are used to reduce friction between two surfaces that are rotating and in contact. Needle rollers are used to reduce friction between two surfaces, but are also used to hold the surfaces together.

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Bearings, needle roller. Countries are shown based on data availability.

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

Explore Latest Trends

* 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2023)Germany$270M
Top Destination (2023)Germany$225M

In 2023 Bearings, needle roller were the world's 1718th most traded product (out of 4,644).

In 2023, the top exporters of Bearings, needle roller were Germany ($270M), China ($268M), Japan ($237M), Slovakia ($182M), and United States ($134M).

In 2023, the top importers of Bearings, needle roller were Germany ($225M), United States ($169M), Mexico ($133M), China ($100M), and South Korea ($55.5M).

Explore Visualizations

Exporters of Bearings, needle roller (2023)
[Click to Select a Country]

Importers of Bearings, needle roller (2023)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2022 -  2023)Netherlands$8.69M
Top Destination Growth (2022 -  2023)Germany$16.7M

Between 2022 and 2023, the exports of Bearings, needle roller grew the fastest in Netherlands ($8.69M), Canada ($5.23M), China ($3.75M), Slovakia ($3.72M), and Romania ($2.47M).

Between 2022 and 2023, the fastest growing importers of Bearings, needle roller were Germany ($16.7M), Mexico ($9.91M), Belgium ($8.7M), Turkey ($7.54M), and Japan ($6.11M).

Explore Visualizations

Exporters of Bearings, needle roller (2022 - 2023)

Importers of Bearings, needle roller (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Bearings, needle roller.

In 2023, market concentration measured using Shannon Entropy, was 3.59. This means that most of the exports of Bearings, needle roller are explained by 12 countries.

Explore Visualizations

Value of Exports in Bearings, needle roller

Net Trade

TOP NET EXPORTER (2023)Japan$188M
TOP NET IMPORTER (2023)Mexico$104M

This map shows which countries export or import more of Bearings, needle roller. Each country is colored based on the difference in exports and imports of Bearings, needle roller during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Bearings, needle roller were Japan ($188M), Slovakia ($174M), China ($168M), Germany ($44.4M), and Chinese Taipei ($11.2M).

In 2023, the countries that had a largest trade value in imports than in exports of Bearings, needle roller were Mexico ($104M), United States ($35.1M), Brazil ($29.6M), Indonesia ($28.4M), and Turkey ($27.4M).

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

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

Top 10 Exporters Countries of Bearings, needle roller 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)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms