According to customs statistics, from January to December 2024, China imported rolling bearings worth 35.19 billion USD, a 6.73% decrease compared to the same period last year. The import volume totaled 16.62 million tons, down by 9.14%. The average import price of bearings increased, reaching 2.12 million USD per ton, roughly four times higher than the average price of exported Chinese bearings.
Main Types of Bearings by Import
The highest volumes of imports were in the following types of bearings:
- Deep groove ball bearings
- Other cylindrical roller bearings, including separators and roller units
- Other rolling bearing components
- Other ball bearings
- Tapered roller bearings, including tapered roller units
Less in demand were thrust ball bearings and self-aligning ball bearings.
Main Supplier Countries
The leading countries by import volume were:
- Japan
- Germany
- Taiwan
- Thailand
- USA
Significant imports also came from South Korea, Austria, France, Italy, and Romania.
Export of Rolling Bearings
In 2024, China exported rolling bearings worth 64.40 billion USD, a 1.92% increase compared to last year. The export volume was 121.55 million tons, up by 7.1%. The average export price decreased to 0.53 million USD per ton.
Main Types of Bearings by Export
The highest export volumes were in the following types of bearings:
- Deep groove ball bearings
- Other rolling bearing components
- Other ball bearings
- Tapered roller bearings, including tapered roller units
- Other cylindrical roller bearings, including separators and roller units
Less in demand were self-aligning ball bearings and thrust ball bearings.
Main Recipient Countries
The leading countries by export volume were:
- India
- USA
- Germany
- South Korea
- Mexico
Significant export volumes also went to Brazil, Italy, Japan, Vietnam, and France.
Conclusion
The customs data shows that despite a decline in the import of rolling bearings, China continues to increase its export volumes, solidifying its position as a key player in the global bearing market.
prompk
