Date: 2013-07-31

Export Deficit of China Bearing Hits Record High

In 2009, China has exported 2.698 billion sets of bearings and created foreign exchange of 2.02 billion US dollars, which decreased 20.4% and 32.04% separately compared with last year; imported 1.369 billion sets of bearings and spent exchange of 2.834 billion US dollars, which increased 13.29% and increased 5.23% separately compared with last year. The trade deficit was 814 million US dollars, which hit record high.

Judging from the structure of the exported bearings, influenced by global financial crisis, the foreign exchange created by tapered roller bearings and bearing parts decreased 45.91% and 42.53% separately; the foreign exchange created by spherical roller bearings, other rolling bearings and rolling element decreased 37.88%, 36.30% and 34.74% separately; the foreign exchange of needle roller bearings decreased 29.76%; the foreign exchange of ball bearings which took up 47% of the total export income decreased 24.16%; the bearings with the smallest decreasing rate were cylindrical roller bearings, which decreased 3.86%.

In 2009, China has exported bearings to 181 countries and regions in the world, in which 35 countries and regions have separately spent more than 10 million US dollars on importing Chinese bearings. The foreign exchange created by these 35 countries and regions takes up 92.375 of the total bearing export exchange of China. In 2009, the export of China to Asian countries and regions increased a lot, for example, the export to Vietnam, Pakistan and Bengal, etc. has increased 67.44%, 43.93% and 42.85% separately compared with last year. The top 10 of these 35 countries and regions is U.S., Japan, South Korea, India, Germany, China Hong Kong, Italy, Singapore, United Arab Emirates and France.

In 2009, China has imported bearings from 82 countries and regions and has totally imported 1.369 billion sets of bearings, which created foreign exchange of 2.834 billion US dollars. Judging from the structure, ball bearings were still the most in the imported bearings while judging from the import foreign exchange, tapered roller bearings and cylindrical roller bearings has increased in large range, which indicated that the demand stimulating policy of China has impelled the development of heave and large equipment and the demand of high and medium products increased.

Among the 82 countries and regions, the import exchange from 18 countries and regions exceeded 10 million US dollars separately, which took up 94.29% of the total import exchange. The top 10 of the 18 countries and regions were: Germany, Japan, U.S., Sweden, Thailand, Italy, France, South Korea, Austria and Singapore.

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