- Hello Customer - Log in or Register!
The government of China, General Administration of Customs, via the state-controlled Xinhua news, has released data covering its exports of all types of bearings, for November 2008.
China's state-volunteered export data is notoriously inaccurate, tending to dramatically understate both the quantity and value. Although the specific numbers may be suspect, the data does offer insight to general trends in volume, growth, and pricing which have proven valuable in terms of general industry analysis.
Export data for November 2008
count: 197,430,000 bearings
total value: USD $153.5 million
average value: USD $0.777
Compared to October 2008
count: 258,040,000 bearings
total value: USD $176.6 million
average value: USD $0.684
Compared to September 2008
count: 280,630,000 bearings
total value: USD $195.3 million
average value: USD $0.695
As the export data mounts, it appears the global economic slowdown is beginning to have a dramatic impact on bearing manufacturers in China.
Although there is some seasonality apparent in the bearing export data supplied, China's bearing exports are clearly dropping more sharply than in previous years.
July: 324 million bearings
August: 312 million
September: 281 million
October: 258 million
November: 197 million
For the calendar year through November, China said it has exported just over 3.1 billion bearings, valued at $1.9 billion -- up from 3.0 billion in 2007 worth $1.4 billion.
As 2008 has gone on, China's bearing export growth has been slowing steadily. Through June, exports had been up 15% over 2007, up 14% through July, up 13% through August, up 11% through September, up 10% through October, and now up just 5.5% through November.
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| HCB71915E.2RSD.T.P4S bearing | 75 | 105 | 16 |
| HCB71915C.2RSD.T.P4S bearing | 75 | 105 | 16 |