Casings, tubing and drill pipe, for oil drilling730420 (Harmonized System 1992 for 6-digit)
2021 World Trade: $6.31B, Rnk 581 / 4641
2021 Top Exporter | Top Importer: $1.16B | $1.48B, Japan | United States
2021 Product Complexity: -0.46, Rnk 3162 / 4648
2020 - 2021 Export Growth (CAGR): -5.03%, Rnk 4291 / 4641
2018 Mean Tariff: 4.24%, Rnk 4851 / 6538
2021 Share of World Trade: 0.0003%, Rnk 581 / 4641
Overview This page contains the latest trade data of Casings, tubing and drill pipe, for oil drilling. In 2021, Casings, tubing and drill pipe, for oil drilling were the world's 581st most traded product, with a total trade of $6.31B. Between 2020 and 2021 the exports of Casings, tubing and drill pipe, for oil drilling decreased by -5.03%, from $6.65B to $6.31B. Trade in Casings, tubing and drill pipe, for oil drilling represent 0.0003% of total world trade.
Casings, tubing and drill pipe, for oil drilling are a part of Iron Pipes.
Exports In 2021 the top exporters of Casings, tubing and drill pipe, for oil drilling were Japan ($1.16B), China ($1.13B), Mexico ($738M), Argentina ($307M), and Austria ($305M).
Imports In 2021 the top importers of Casings, tubing and drill pipe, for oil drilling were United States ($1.48B), Canada ($337M), United Arab Emirates ($320M), Oman ($286M), and Norway ($247M).
Tariffs In 2018 the average tariff for Casings, tubing and drill pipe, for oil drilling was 4.24%, making it the 4851st lowest tariff using the HS6 product classification.
Ranking Casings, tubing and drill pipe, for oil drilling ranks 3162nd in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Casings, tubing and drill pipe, for oil drilling. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2021): Japan, $1.16B
Top Destination (2021): United States, $1.48B
Casings, tubing and drill pipe, for oil drilling are the world's 581st most traded product.
In 2021, the top exporters of Casings, tubing and drill pipe, for oil drilling were Japan ($1.16B), China ($1.13B), Mexico ($738M), Argentina ($307M), and Austria ($305M).
In 2021, the top importers of Casings, tubing and drill pipe, for oil drilling were United States ($1.48B), Canada ($337M), United Arab Emirates ($320M), Oman ($286M), and Norway ($247M).
Trade by country
Top Origin Growth (2020 - 2021): Mexico, $207M
Top Destination Growth (2020 - 2021): United States, $793M
Between 2020 and 2021, the exports of Casings, tubing and drill pipe, for oil drilling grew the fastest in Mexico ($207M), Austria ($146M), Argentina ($108M), Ukraine ($89.2M), and Russia ($83.7M).
Between 2020 and 2021, the fastest growing importers of Casings, tubing and drill pipe, for oil drilling were United States ($793M), Canada ($132M), Thailand ($37.8M), Turkey ($34.7M), and Brazil ($22.4M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Casings, tubing and drill pipe, for oil drilling.
In 2021, market concentration measured using Shannon Entropy, was 4.18. This means that most of the exports of Casings, tubing and drill pipe, for oil drilling are explained by 18 countries.
TOP NET EXPORTER (2021): Japan, $1.14B
TOP NET IMPORTER (2021): United States, $1.27B
This map shows which countries export or import more of Casings, tubing and drill pipe, for oil drilling. Each country is colored based on the difference in exports and imports of Casings, tubing and drill pipe, for oil drilling during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Casings, tubing and drill pipe, for oil drilling were Japan ($1.14B), China ($1.05B), Mexico ($681M), Austria ($301M), and Argentina ($295M).
In 2021, the countries that had a largest trade value in imports than in exports of Casings, tubing and drill pipe, for oil drilling were United States ($1.27B), Canada ($288M), Oman ($282M), United Arab Emirates ($230M), and Kuwait ($224M).
This visualization shows the countries that have an important ratio of their trade related to Casings, tubing and drill pipe, for oil drilling. It is possible to select the main countries that export or import Casings, tubing and drill pipe, for oil drilling in the world, or by continent, as well as select the measure of interest.
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.
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