Cixi bearing foreign anti-dumping differential

According to statistics of Ningbo Customs, in the first half of 2010, Zhejiang Cixi enterprises exported 620 million sets of bearings, valued at US$180 million, an increase of 75.3% and 74.6% over the same period of last year, and exports accounted for 71.5% of the city’s total exports. Higher than the city average. According to customs statistics, in 2009 China's average bearing export price was only 36.2% of the average price of imported bearings, and many foreign anti-dumping barriers were incurred.

In Cixi bearing exports, exports in general trade account for an absolute proportion, accounting for 99.9% of total exports. India and the EU were the top two export markets. In the first half of the year, exports to India and the EU were all 130 million sets, up by 70.7% and 89.1% respectively. The export bearing products are mainly medium and low-grade, and the deep-groove ball ball bearing exports are 590 million sets, an increase of 75.6%, accounting for 93.7% of the total export volume. Experts in the industry suggested that Ningbo bearing enterprises accelerate the transformation and upgrade, increase investment in product R&D, and increase product added value.