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 C...