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848230 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.08BRnk 1395 / 4644
2023
Top Exporter | Top Importer $347M | $208MGermany | United States
2023
Product Complexity 1.14Rnk 559 / 4656
2022 - 2023
Export Growth (CAGR) -4.07%Rnk 1989 / 4644
2023
Share of World Trade 0.0092%Rnk 1395 / 4644

About

Overview This page contains the latest trade data of Bearings, spherical roller. In 2023, Bearings, spherical roller were the world's 1395th most traded product, with a total trade of $2.08B. Between 2022 and 2023 the exports of Bearings, spherical roller decreased by -4.07%, from $2.17B to $2.08B. Trade in Bearings, spherical roller represent 0.0092% of total world trade.

Bearings, spherical roller are a part of Ball Bearings.

Exports In 2023 the top exporters of Bearings, spherical roller  were Germany ($347M), Sweden ($343M), China ($342M), Japan ($222M), and Romania ($127M).

Imports In 2023 the top importers of Bearings, spherical roller were United States ($208M), India ($165M), China ($161M), Germany ($152M), and France ($97.3M).

Ranking Bearings, spherical roller ranks 559th in the Product Complexity Index (PCI).

Description Bearing are typically used in machines and equipment that need to move to avoid friction. They are also used in ball bearings, which are used in many different gears to help them turn easily. Spherical roller bearings are typically used when the equipment needs more support and stability.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Bearings, spherical 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.

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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)Germany$347M
Top Destination (2023)United States$208M

In 2023 Bearings, spherical roller were the world's 1395th most traded product (out of 4,644).

In 2023, the top exporters of Bearings, spherical roller were Germany ($347M), Sweden ($343M), China ($342M), Japan ($222M), and Romania ($127M).

In 2023, the top importers of Bearings, spherical roller were United States ($208M), India ($165M), China ($161M), Germany ($152M), and France ($97.3M).

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Exporters of Bearings, spherical roller (2023)
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Importers of Bearings, spherical roller (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Romania$12.1M
Top Destination Growth (2022 -  2023)India$14.2M

Between 2022 and 2023, the exports of Bearings, spherical roller grew the fastest in Romania ($12.1M), United States ($5.86M), Turkey ($4.79M), Thailand ($4.62M), and Italy ($3.7M).

Between 2022 and 2023, the fastest growing importers of Bearings, spherical roller were India ($14.2M), Russia ($14M), Germany ($8.64M), Kazakhstan ($8.08M), and Spain ($6.44M).

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Exporters of Bearings, spherical roller (2022 - 2023)

Importers of Bearings, spherical roller (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.81. This means that most of the exports of Bearings, spherical roller are explained by 14 countries.

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Value of Exports in Bearings, spherical roller

Net Trade

TOP NET EXPORTER (2023)Sweden$326M
TOP NET IMPORTER (2023)India$133M

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

In 2023, the countries that had a largest trade value in exports than in imports of Bearings, spherical roller were Sweden ($326M), Japan ($207M), Germany ($194M), China ($181M), and Romania ($116M).

In 2023, the countries that had a largest trade value in imports than in exports of Bearings, spherical roller were India ($133M), United States ($108M), Brazil ($66.9M), Turkey ($62.1M), and South Korea ($60.9M).

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 Bearings, spherical roller.
It is possible to select the main countries that export or import Bearings, spherical roller in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Bearings, spherical 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)

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