LUOYANG AUTO BEARING CO.,LTD

Home> Industry Information> "2018 Bearing Industry Economic Operation Development Report" was launched

"2018 Bearing Industry Economic Operation Development Report" was launched

March 27, 2019

The report reflected the economic performance of major enterprises in the bearing industry in 2018, which analyzed main business income and bearing business income (including the top 10 enterprises in the industry), industrial production, production and sales rate, inventory, profits, employees, total wages, labor, productivity and export income and the national import and export situation. The development of the bearing industry in 2018 released as follows:

The national bearing industry achieved a main business income of 184.8 billion RMB (US$27.9 billion), which increased 3.36% compared with 2017. In 2018, the bearing production is 21.5 billion sets, which increased 2.38% compared with 2017.

In 2018, China’s total import and export of bearings was US$9.59 billion, there is a year-on-year growth of 7.68%. The exports earned US$5.805 billion, up 11.1% year-on-year. The imports was US$3.785 billion, increased 2.9% year-on-year.

The report also including the development of the machinery industry, as well as seven major host industries such as automobiles, construction machinery, agricultural machinery, machine tools, general machinery (fans, compressors, pumps, reducers, etc.), petrochemical and environmental protection equipment, and electrical appliances. The development of product output was analyzed as well.

Through the prospects of the machinery industry and the seven mainframe industries in 2019, the beneficial factors and unfavorable factors for the development of the bearing industry in 2019 were analyzed.


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