2025 China Bearing Industry Revenue Rises 6.6%, Surpassing Annual and 14th Five-Year Plan Goals
In 2025, under the strong leadership of the CPC Central Committee with Comrade Xi Jinping at its core, enterprises in the bearing industry earnestly implemented the decisions and plans of the CPC Central Committee and the State Council, overcame difficulties, worked hard, and made positive progress. Supported by a series of national policies and measures to stabilize growth, such as those related to major projects and new infrastructure," the bearing industry economy maintained steady progress, achieving positive results in high-quality development and successfully completing the annual and 14th Five-Year Plan targets.
Based on comprehensive data calculations, the bearing industry achieved operating revenue of 246.8 billion yuan in 2025, a record high, representing a 6.6% increase over the previous year, with an average annual growth rate of 5.04% during the 14th Five-Year Plan period, thus achieving the industry's "14th Five-Year Plan" targets. Bearing production reached 25.6 billion sets, an 8% increase over the previous year, with an average annual growth rate of 5.27% during the "14th Five-Year Plan" period.
Bearing exports, in US dollar terms, generated $6.787 billion in foreign exchange (of which bearings accounted for $5.319 billion and parts for $1.468 billion), a year-on-year increase of 1.55%, with an average annual growth rate of 7.02% during the 14th Five-Year Plan period. In RMB terms, export earnings reached RMB 48.575 billion, a year-on-year increase of 2.14%. The export volume of bearings reached 7.426 billion sets, a year-on-year increase of 2.62%, with an average annual growth rate of 4.78% during the 14th Five-Year Plan period.
Bearing imports, in US dollar terms, amounted to $3.491 billion, a year-on-year decrease of 2.45%, with an average annual decrease of 4.37% during the 14th Five-Year Plan period. In RMB terms, import costs amounted to RMB 24.977 billion, a year-on-year decrease of 1.89%. Imported bearings reached 2.665 billion sets, a year-on-year increase of 9.06%, with an average annual growth rate of 1.14% during the 14th Five-Year Plan period.
The trade surplus in bearing imports and exports was $3.296 billion, a year-on-year increase of 6.19%.
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