In the first half of 2010, China’s bearing import and export deficit was more than 300 million US dollars

In the first half of 2010, China exported a total of 1.88 billion sets of export bearings, earning 1.447 billion U.S. dollars, an increase of 76.5% and 65.56% over the same period of last year. Accumulatively, 875 million sets of imported bearings and 1.739 billion U.S. dollars were exchanged, up by 58.64 over the same period of last year. % and 51.54%. The import and export deficit was 346 million U.S. dollars.

From the perspective of the composition of export bearing products, the export volume of ball bearings still occupies the first place, accounting for 85.27% of the total export volume. The volume of export of needle roller bearings and foreign exchange earnings still maintains a relatively high growth, which is an increase of 205.09 over the same period of last year. % and 177.25%, the export volume of cylindrical roller bearings still maintained a high growth, an increase of 194.63% over the same period of last year, but the amount of foreign exchange can only increase by 6.46%, indicating that the structural composition of the cylindrical roller bearing exports changes. In the first half of the year, the export volume and foreign exchange earned by tapered roller bearings also increased by 61.78% and 56.87%.

In the first half of the year, China exported bearings to 178 countries and regions, of which 38 countries and regions exceeded US$6 million. The 38 countries and regions earned US$1.36 billion in exports, accounting for 94.15% of the total foreign exchange earned through exports. . Moreover, China’s export value to Asian countries and regions is still relatively large, which is a significant increase compared to the same period of last year.

Analysis of bearing imports. From the perspective of the composition of imported bearings, the number of imported spherical bearings and their use of foreign exchange increased by the same amount as the previous year, which increased by 167.99% and 154.39% respectively. Imports of thrust ball bearings increased by 210.57%, and the amount of exchange ball bearings increased by 59.63%. The import volume of roller bearings and tapered roller bearings also increased significantly, which was an increase of 63.23% and 123.34% over the same period of last year. The imports of spherical roller bearings also showed a downward trend.

In the first half of the year, China imported bearings from 75 countries and regions. Among them, 19 countries and regions used foreign exchange more than 6 million U.S. dollars, and shared exchanges reached 1.697 billion U.S. dollars, accounting for 94.67% of all foreign exchange.