HS Code:
Radial bearings (HS Code: 8482.10) are a category of rolling bearings designed to support radial loads, which are forces perpendicular to the axis of rotation. These bearings are critical components in various industries, including automotive, aerospace, industrial machinery, and renewable energy systems. They are primarily used to reduce friction and wear in rotating equipment, ensuring smooth and efficient operation. Radial bearings include ball bearings, cylindrical roller bearings, and tapered roller bearings, among others. This category is a significant segment of the global bearings market, driven by industrial automation, vehicle production, and technological advancements in machinery.
Total Trade Volume
USD 15.3 billion
Data from 2022
Source
United Nations Comtrade Database & International Trade Centre (ITC)
USD 3.2 billion
20.9% of total trade of total trade
Increasing
USD 2.8 billion
18.3% of total trade of total trade
Stable
USD 2.5 billion
16.3% of total trade of total trade
Increasing
USD 1.9 billion
12.4% of total trade of total trade
Stable
USD 1.1 billion
7.2% of total trade of total trade
Increasing
Average Rate
5.8% ad valorem
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Growing demand for high-precision bearings in electric vehicles (EVs)
Increased production and trade in specialized radial bearings to meet EV motor requirements, boosting trade volumes in countries with strong automotive sectors like Germany and Japan.
2021-2023
Rise of industrial automation and robotics
Higher demand for durable and efficient radial bearings in automated machinery, driving exports from tech-heavy economies like South Korea and China.
2020-2022
Shift towards sustainable manufacturing
Manufacturers are adopting eco-friendly production processes and materials, influencing trade patterns as buyers prioritize sustainable suppliers, particularly in the EU.
2022-2023
The European Union introduced anti-dumping duties ranging from 8% to 12% on radial bearings imported from China to protect domestic manufacturers from unfairly priced imports.
March 2023
Potential shift in trade flows as EU buyers may source more from Japan or South Korea, increasing costs for importers reliant on Chinese suppliers.
Under the United States-Mexico-Canada Agreement, stricter rules of origin for automotive components, including radial bearings, were enforced to encourage regional production.
July 2022
Increased intra-regional trade within North America, with the U.S. and Mexico seeing a rise in bilateral bearing trade.
Leading manufacturers in Germany and Japan introduced radial bearings with advanced ceramic and hybrid materials, enhancing durability and performance for high-speed applications.
September 2023
Strengthened market positions for these countries, with premium-priced products driving export revenue growth.