In 2011, the national bearing industry received a lot of revenue, which was "fruitful." The sales revenue is estimated to be 139 billion yuan, an increase of about 10% from 2010. It is estimated that the output of bearings will be 17 billion sets, an increase of 13.3% over the same period of last year.

In terms of imports and exports, the annual export bearing is expected to reach 4.7 billion units, an increase of 13.25% over the same period of last year. Foreign exchange earnings will reach US$4.5 billion, an increase of approximately 36% over the same period of last year. Imported bearings will reach 1.9 billion units, a year-on-year increase of approximately 6%. US$4.2 billion was used for the exchange, an increase of 10.27% over the same period of last year. The annual import and export surplus is estimated to be 300 million U.S. dollars.

According to the statistical analysis of the major industries in the bearing industry from January to November, the production of major enterprises in the bearing industry continued to grow steadily year-on-year, and the production and sales volume of bearings was basically balanced. The growth rate of the business experienced a slight decrease from the previous month, but the growth rate showed a downward trend. In the steady state, the growth of inventories shows a fluctuating upward trend.

It is understood that since the second half of 2011, it has changed from the past “guarantee growth” of the national policy to the clear orientation of “adjustment of structure”, and the development of the products of each host industry has changed from high-speed growth to escalating levels. Coupled with the international debt crisis in the euro zone, especially since August, exports have fallen for the third consecutive month.

According to the analysis of relevant experts, under the joint influence of the domestic and international situation, the economic operation of the bearing industry has changed from high to low, but due to the rapid development in the first half of the year, the accumulated volume of the industry in 2011 has maintained a steady growth year-on-year.

The income of the bearing industry is so gratifying that bearing companies should take advantage of this trend and climb the peak again!