China International Bearing Industry Exhibition

China International Bearing Industry Exhibition (CIBIE), which has been becoming increasingly mature and international si nce it first held by China Bearing Industry Association in 1990.After 16 years of development, today CIBIE is the world largest fair of the bearing industry. By the year 2006, the tenth session, the exhibition area reached to 32000sq.m.with 538 companies from 17 countries and regions participated in. Many of them are world-famous bearing enterprises.It attracted more than 80000 professional visitors. Obviously, CIBIE plays a very important role in the world bearing industry.

The 11th CIBIE will be held in Shanghai Everbright Convention & Exhibition Center during September 23 to 26, 2008. Covering an area of 32000sq.m. with an estimated 600 exhibitors from 17 countries and regions and 80000 visitors will get together. Under the full supports of domestic and overseas exhibitors, 2008 the exhibition will be more successful and splendid.

Right here in CIBIE, exhibitors will meet new international buyers, connect with existing customers, introduce new products, and collect information throughout the whole industry.

During the exhibition, there will be a series of technical seminars about bearing market trends, updated technological advancements, case studies, and so on.

China Details Bearing Exports for September 2008

The government of China, General Administration of Customs, via the state-controlled Xinhua news, has released data covering its exports of all types of bearings, for July 2008.

China's state-volunteered export data is notoriously inaccurate, tending to dramatically understate both the quantity and value. Although the specific numbers may be suspect, the data does offer insight to general trends in volume, growth, and pricing which have proven valuable in terms of general industry analysis.

Export data for September 2008 :

280,630,000 bearings
total value : USD $195.3 million
average value : USD $0.695 each

Contrary to most popular opinion, the global economic slowdown is clearly affecting bearing manufacturers in China.

Although there is some seasonality apparent in the bearing export data supplied, China's third quarter bearing exports have dropped more sharply than in previous years. July reported 324 million bearings, August was 312 million, and now September comes in under 281 million.

July and August were well above their 2007 counterparts, but September is lower than 2007.

For the calendar year through September, China said it has exported just under 2.8 billion bearings, valued at $1.57 billion -- up from 2.4 billion in 2007 worth $1.12 billion.

Even with the slowdown, total bearing exports should be up at least 11% overall for 2008 from 2007.