China Bearing Industry Updates with Increasing Sales

www.chinatrucks.com: 0.36 billion bearings were exported through Ningbo Customs in the 1st quarter, up 16.1% over last year, and the sales revenues were 0.15 billion USD, up 35.9%.
　
World recovering economy and more expensive raw materials, such as steel and plastics.
　
The average price is 0.42 USD, up 17.1%, among the bearings exported through Ningbo in the first quarter.
　　
Among the exported bearings, 0.15 bn sets were made by private companies, up 28.6%, 93.88 million sets by foreign-investment enterprises, down 3.5%; and 92.92 sets were made by state-owned companies, up 25.2%.
　
And the main markets are India, EU, ASEAN and UAE, and 76.36 million sets, 67.1 million sets, 39.73 million sets, and 38.83 million sets bearings were exported to these areas, up 10.6%, 19.9%, 41% and 43.1%.

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