China's bearing industry realized trade surplus in 2011

According to the statistics of key enterprises of the China Bearing Industry Association, in 2011, the country’s bearing industry exported 4.9 billion sets of bearings, amounting to US$4.5 billion, an increase of 18.2% and 36.6% year-on-year respectively; and 1.88 billion sets of imported bearings, amounting to US$4.17 billion. The year-on-year increase of 4.6% and 9.4% respectively, the industry-wide trade surplus of US$ 330 million, and the two-year deficit in import and export since 2009.