What is the impact of the rise in raw materials on the Roller and bearings industry under the general environment?

TIME | 05 Nov 2021

On the 15th of this month, the General Administration of Customs released the latest statistical results. The data shows that in the first quarter of this year, my country's foreign trade import and export maintained a high growth trend, an increase of 49.5% over the same period last year. But it is worth noting that, in today's raw material market so tight, my country's export trade is still on the rise.

Our country's economy is increasingly "resonating" with the world economy. In recent months, oil prices have been rising steadily, which also has a direct impact on my country's economy. Objectively speaking, the current situation of my country's foreign trade is still very good.

For our industry, the increase in raw material prices generally has little impact on us, and our export volume and order volume are also on the rise.  In the first quarter of 2022, the main country we exported to was the United States, an increase of 13.9% over the same period last year, and the second export country was Brazil, an increase of 27.3% over the same period last year.

According to our company's export statistics, the top 10 export markets of our company in 2021 are the United States, Brazil, Canada, Mexico, Chile, Bangladesh, Turkey, Spain, India, and Pakistan.da134138bdf8346caa96b88528433c1



The overall trend is rising. We must take precautions and grasp the general trend of foreign trade in general; at the same time, we must take advantage of the situation to continuously improve the technological content of products, make our superior products stronger and bigger, and meet the worldwide market competition.

For any cooperation needs, please feel free to contact us. Our factory produces and ships normally, ensuring product quality and fast delivery.

E-mail: info@hipadroller.com