The Import And Export Area Of The Needle Roller Bearing Industry Is Highly Concentrated

The foreign trade surplus of needle roller bearings exceeds 60 million US dollars

According to data from the General Administration of Customs, the total import and export volume of China's needle roller bearing industry has declined year by year from 2017 to 2020, mainly due to factors such as the macroeconomic downturn and international trade frictions.

The total import and export volume of the industry in 2020 is 266.45 million U.S. dollars, of which the import value is 103.1338 million U.S. dollars, the export value is 163.312 million U.S. dollars, and the trade surplus is 60.174 million U.S. dollars. From January to August of 2021, the total volume of imports and exports totaled US$241.505 million, and the trade surplus was US$57.517 million. It is expected that the national trade surplus will still exceed US$60 million.

Imports from Japan accounted for more than 30% of total trade

From 2017 to 2020, the import value of China's needle roller bearing industry decreased year by year, and the import volume showed a trend of fluctuations. In 2020, the total value of imported needle roller bearings nationwide was US$103.13 million, and the total import volume was 25.538 million sets. From January to August 2021, China's cumulative total imported needle roller bearings totaled 91.994 million U.S. dollars, and the total import volume was 160.0700 million sets.

From the perspective of importing regions, there will be a total of 48 importing countries or regions for China's needle roller bearing products in 2020. Among them, Japan has the largest foreign import value, with an import value of 31.462 million U.S. dollars, accounting for 30.5% of the total import value. ; Secondly, the import value to Germany was 20.197 million US dollars, accounting for 19.6%; in addition, the import value of Slovakia, Taiwan, China and the United States all accounted for more than 10%, and the total import value of the top 5 countries accounted for 83%. On the whole, the import market of China's needle roller bearing industry is highly concentrated.

The total trade volume of TOP5 exporting countries accounted for more than 80%

From 2017 to 2020, the import value of China's needle roller bearing industry is decreasing year by year.

From 2017 to 2020, the export value of China's needle roller bearing industry is decreasing year by year, while the export volume shows a trend of fluctuations. In 2020, the total export value of needle roller bearings nationwide will be 163.312 million U.S. dollars, and the total export volume will be 36.59 million sets. From January to August of 2021, China's cumulative export of needle roller bearings totaled US$149.511 million, and the total export volume was 342.027 million sets.

In 2020, China’s needle roller bearing products will be exported to 160 countries or regions in total. Among them, the largest foreign export value is the United States, with an export value of 29.282 million U.S. dollars, accounting for 17.9% of the total export value; followed by Germany The export value was 28.81 million US dollars, accounting for 17.6%; the third place was the export value to South Korea, which accounted for 12.8%. The total exports of the top three countries accounted for 48.3%, and the total exports of the top five countries accounted for 83%.

On the whole, the foreign trade import and export regional markets of China's needle roller bearing industry are relatively concentrated.