Germany, "the world's most prominent market for ball bearing imports"

 

Germany is the world’s biggest importer of ball bearings as well as the second largest ball bearings exporter. Although, Germany import export data shows that the country’s ball bearings imports have increased over the years. For the financial year 2022, Germany’s ball bearings imports stood at $4.8 billion. 

Germany's ball bearings imports mostly came from China which is the world's leading ball bearings supplier. China accounts for over 12% share in Germany's overall ball bearings imports. Slovakia, Austria, Romania, Italy, France, Japan, and the Netherlands were the leading ball bearing suppliers to Germany.

Schaeffler Tech and Liebherr Components from Germany are the two leading ball bearings importers. According to the Germany import data reports, Schaeffler Tech has received around $24 million and Liebherr Components has imported around $18 million worth ball bearings import shipments during fiscal year 2023.

Whereas, Mechanic Anlagenbau, Litens Automotive, and CS Bearing are the other major ball bearing buyers from Germany. In terms of imports, Germany’s ball bearing imports from China, Austria and Slovakia are increasing at an express rate. On the other hand, the ball bearings exports from Germany are estimated to be around $5.5 billion during fiscal year 2022. Germany has exported over $1 billion worth of ball bearings shipments to China.

Germany export data reflects that China is the most favoured destination for Germany’s ball bearings imports. The United States, Italy, France, Belgium, Austria and Poland have shown significant growth in the ball bearings imports from Germany. The fastest growing market for Germany's ball bearings exports are Belgium, Italy, India while exports to Japan, Hong Kong and Portugal have declined significantly.

Schaeffler Technologies is the leading ball bearings exporter company from Germany. Germany customs data shows that around $22 million worth of ball bearings export shipments were made from Germany during FY 2022. Whereas, SKF GMBH, NTN-SNR Roulements, and Pregalim Spol are the other significant players in the ball bearing market.

Volkswagen Argentina, TD Irbis Ukraine and TD Bearing Center are some of the most prominent ball bearings buyers from Germany. Germany's overall machine parts exports are recorded to be $5.2 billion during FY 2022. Germany's machine parts demand was noticed in the Netherlands, China, Italy, France and the United States. 

Whereas, the machine parts imports by Germany was estimated to be around $2.94 billion during last year. The majority of Germany's machine parts imports came from the USA, Czech, China, Netherlands and Switzerland. Germany’s major competition is from China and the United States. German mechanical parts export companies can bank upon the global market intelligence System to get potential buyers.

A global market intelligence System lets you with detailed insights into product demand, product pricing, quantity, importing/exporting country, buyer, supplier and competitor shipment records. There are many global import export data provider available in the international market.

Through their global trade database, you can access the profile of top machine parts exporters, importers and shortlist the potential clients for your business. Global trade data is the best way to increase your chances of getting genuine buyers from the global market and increase your sales potential.