The value of exports of commodity group 8482 "Ball or roller bearings" from USA totalled $ 2.57 billion in 2023. Sales of commodity group 8482 from USA went up by 6.18% compared to 2022: exports of commodity group 8482 "Ball or roller bearings" went up by $ 150 million (cumulative exports of commodity group 8482 from USA amounted $2.42 billion in 2022)
Exports of commodity group 8482 "Ball or roller bearings" amounted to 0.127% of total exports from USA (cumulative merchandise exports from USA totalled $ 2.01 trillion in 2023). The share of commodity group 8482 in total exports from USA increased by 0.009 p.p. compared to 2022 (it was 0.117% in 2022 and cumulative exports from USA were equal to $ 2.06 trillion).
Exports of commodity group 8482 amounted to 1.1% of total sales of group "" from USA in 2023 (the value of exports of commodity group from USA amounted to $233 billion in 2023). The share of exports of commodity group 8482 in sales of commodity group from USA increased by 0.048 p.p. compared to 2022 (it was 1.05% in 2022, and exports of commodity group from USA were $229 billion).
Where does USA export Ball or roller bearings?
Top export destinations of "Ball or roller bearings" from USA in 2023:
- Mexico with a share of 25% (662 million US$)
- Canada with a share of 19.8% (511 million US$)
- China with a share of 5.72% (147 million US$)
- France with a share of 4.89% (126 million US$)
- Brazil with a share of 4.02% (103 million US$)
- Germany with a share of 3.89% (100 million US$)
- United Kingdom with a share of 3.81% (98 million US$)
- Australia with a share of 3.56% (91 million US$)
- Singapore with a share of 2.89% (74 million US$)
- Japan with a share of 2.51% (64 million US$)
Exports structure of 8482 - Ball or roller bearings - from USA in 2023 represented by the following main commodity groups:
- 31% (811 million US$): 848210 - Ball bearings
- 25% (660 million US$): 848220 - Tapered roller bearings, incl. cone & tapered roller assemblies
- 13.6% (353 million US$): 848250 - Bearings; cylindrical roller bearings, including cage and roller assemblies n.e.s. in heading no. 8482
- 10% (257 million US$): 848299 - Parts, other than balls, needles & rollers, for the bearings of 8482.10-8482.80
- 5.49% (141 million US$): 848230 - Spherical roller bearings
- 5.31% (136 million US$): 848240 - Needle roller bearings, including cage and needle roller assemblies
- 4.36% (112 million US$): 848291 - Balls, needles & rollers for the bearings of 8482.10-8482.80
- 4.02% (103 million US$): 848280 - Bearings; n.e.s. in heading no. 8482, including combined ball/roller
The value of imports of commodity group 8482 "Ball or roller bearings" to USA totalled $ 3.2 billion in 2023. Sales of commodity group 8482 to USA decreased by 12.5% in value terms compared to 2022. imports of commodity group 8482 "Ball or roller bearings" decreased by $ 459 million (the value of imports of commodity group 8482 to USA was equal to $3.66 billion in 2022)
Imports of commodity group 8482 "Ball or roller bearings" accounted for 0.101% of total import flow to USA (in 2023, total imports to USA amounted to $ 3.16 trillion). The share of commodity group 8482 in total imports to USA decreased by 0.007 p.p. compared to 2022 (it was 0.108% in 2022 and cumulative imports to USA were equal to $ 3.37 trillion).
Imports of commodity group 8482 reached 0.698% of total imports of group "" to USA in 2023 (imports of commodity group to USA totalled $459 billion in 2023). The share of purchases of commodity group 8482 in imports of commodity group to USA went down by 0.071 p.p. compared to 2022 (it was 0.77% in 2022, and imports of commodity group to USA accounted for $475 billion).
Where does USA import Ball or roller bearings from?
Top trading partners (import of "Ball or roller bearings") of USA in 2023:
- Japan with a share of 22% (712 million US$)
- China with a share of 15.8% (509 million US$)
- Germany with a share of 10.9% (351 million US$)
- Canada with a share of 7.08% (227 million US$)
- India with a share of 7.07% (226 million US$)
- Korea with a share of 6.05% (194 million US$)
- Mexico with a share of 5.46% (175 million US$)
- Romania with a share of 4.16% (133 million US$)
- France with a share of 3.83% (123 million US$)
- Italy with a share of 2.75% (88 million US$)
Imports structure of 8482 - Ball or roller bearings - to USA in 2023 represented by the following main commodity groups:
- 37% (1.18 billion US$): 848210 - Ball bearings
- 17.7% (567 million US$): 848220 - Tapered roller bearings, incl. cone & tapered roller assemblies
- 16% (513 million US$): 848299 - Parts, other than balls, needles & rollers, for the bearings of 8482.10-8482.80
- 13.1% (422 million US$): 848250 - Bearings; cylindrical roller bearings, including cage and roller assemblies n.e.s. in heading no. 8482
- 6.75% (216 million US$): 848230 - Spherical roller bearings
- 5.11% (163 million US$): 848240 - Needle roller bearings, including cage and needle roller assemblies
- 3.18% (102 million US$): 848291 - Balls, needles & rollers for the bearings of 8482.10-8482.80
- 1.02% (32 million US$): 848280 - Bearings; n.e.s. in heading no. 8482, including combined ball/roller