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Date: 2013-07-31

Strong Result of China's Import & Export on Bearings in First Half 2005

Up to June 30 2005, the amount of exported bearing units had hit 1.24 billion sets, increased by 18.05 percent from the same period last year; exported bearing parts 25,704.32 tons; rolling elements 20,976.77 tons. Earning through bearing export had hit $694.26 million, increased by 38.01 percent from last year. Export surplus on bearing products hit $66.39 million.

In the first half, Chinese bearings exported to 135 countries and areas all over the world. Earning via export was over $620.35 million, accounted for 89.35 percent of China's total export income. Additionally, export income toward 28 countries and areas has exceeded $5 million.

China imported 75,691.28 sets of bearings, up 10.34 percent on the prior corresponding period. Imported bearing parts 5,275.37 tons, rolling elements 2,077.59 tons. Cost on bearing importing was over $627.86 million, 16.23 percent more than the prior corresponding period.

In the first half, China imported bearings from 64 different countries and areas. Import cost was over $591.62 million, accounted for 94.23 percent of China's total import cost. Import cost toward 17 countries and areas has exceeded $5 million.


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