China Rolling Bearing Export had a Year-on-year Growth of 43.55% from Juanuary to May

Resource from: CBCC Likes:3009

Aug 09,2011

Due to the increased orders in the second half of 2010 and the first quarter of 2011, meanwhile with the low export base in the first half of 2010, China rolling bearing export increased by 43.55% from January to May compared with the same period of last year, by the way, the export value reached $1.655 billion. At the same time, the import also increased by 15.33% with the same period of last year, and the import value achieved $1.693 billion. From the aspect of foreign orders, now the demand for European and US market is relatively stable, however, demand for Vietnam, Thailand and other ‎ASEAN countries is much worse than before, in the meanwhile, the follow-up demand for Japan and other Asian countries is not strong starting from May, while the demand for Africa and Arab countries is significantly influenced by the instability. Generally speaking, the international bearing market demand is not stable in 2011, the increment will drop back in the second half of this year. It is estimated that it will keep balance with the second half of 2010, which increased by 15%-20% in the whole year.

(CBCC)

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