In the first six months of 2024, China's bearing manufacturing industry showed a unique trend in the international market - the total export volume has been stable and rising, but the total value has fallen. Specifically, from January to June, China's overseas shipments of bearings totaled 392,924 tons, an increase of 2,741 tons over the same period last year, a slight increase of only 1%. However, the total export value declined, recording US$247,361 million, a decrease of US$92,531,000 from last year, a drop of 3.3%. Of particular note is that the export volume in June alone was 73,258 tons, and the export value was fixed at US$43,919,300.

Overview of historical trends: A deep dive into the export data of Chinese bearings from 2020 to June 2024 clearly shows its fluctuating trajectory. (Note: For specific historical data details, please refer to the complete analysis report released by China Economic Industry Research Institute.)

Unit price changes: In terms of average export unit price, the figure for January-June 2024 was US$6,300/ton, while the same period in 2023 was US$6,600/ton, showing a slight decline. In June, the average unit price was further adjusted to US$6,000/ton.

Highlights in June: Pay special attention to the situation in June 2024. China's bearing exports were 73,258 tons, an increase of 7,110 tons compared with the same month last year, with a growth rate of 11%. The total export volume increased to US$439.193 million, an increase of US$19.579 million, or 5% compared with June last year. The average export unit price for the month was US$6,000/ton.