Casings,circular, iron/steel, oil/gas drilling >406mm730520 (Harmonized System 1992 for 6-digit)
2020 World Trade: $309M, Rnk 3159 / 4613
2020 Top Exporter | Top Importer: $70.1M | $40.7M, Singapore | Kuwait
2020 Product Complexity: -0.36, Rnk 3123 / 4783
2019 - 2020 Export Growth (CAGR): -24.7%, Rnk 3991 / 4613
2018 Mean Tariff: 6.16%, Rnk 3607 / 6538
2020 Share of World Trade: 0.0018%, Rnk 3159 / 4613
Overview This page contains the latest trade data of Casings,circular, iron/steel, oil/gas drilling >406mm. In 2020, Casings,circular, iron/steel, oil/gas drilling >406mm were the world's 3159th most traded product, with a total trade of $309M. Between 2019 and 2020 the exports of Casings,circular, iron/steel, oil/gas drilling >406mm decreased by -24.7%, from $410M to $309M. Trade in Casings,circular, iron/steel, oil/gas drilling >406mm represent 0.0018% of total world trade.
Casings,circular, iron/steel, oil/gas drilling >406mm are a part of Other Large Iron Pipes.
Exports In 2020 the top exporters of Casings,circular, iron/steel, oil/gas drilling >406mm were Singapore ($70.1M), Japan ($64M), Brazil ($43.8M), United States ($35.5M), and South Korea ($32.5M).
Imports In 2020 the top importers of Casings,circular, iron/steel, oil/gas drilling >406mm were Kuwait ($40.7M), Norway ($40M), United States ($31.2M), Azerbaijan ($19.2M), and Guyana ($14.3M).
Tariffs In 2018 the average tariff for Casings,circular, iron/steel, oil/gas drilling >406mm was 6.16%, making it the 3607th lowest tariff using the HS6 product classification.
Ranking Casings,circular, iron/steel, oil/gas drilling >406mm ranks 3123rd in the Product Complexity Index (PCI).
Description Casings are used in oil and gas drilling to protect the drill bit and to keep the drill hole open. Circular casings are used to line the walls of oil and gas wells. Iron and steel casings are used to line the walls of oil and gas wells to keep them open and to protect the interior parts.
The following visualization shows the latest trends on Casings,circular, iron/steel, oil/gas drilling >406mm. 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
Casings,circular, iron/steel, oil/gas drilling >406mm are the world's 3159th most traded product.
In 2020, the top exporters of Casings,circular, iron/steel, oil/gas drilling >406mm were Singapore ($70.1M), Japan ($64M), Brazil ($43.8M), United States ($35.5M), and South Korea ($32.5M).
In 2020, the top importers of Casings,circular, iron/steel, oil/gas drilling >406mm were Kuwait ($40.7M), Norway ($40M), United States ($31.2M), Azerbaijan ($19.2M), and Guyana ($14.3M).
Trade by country
Top Origin Growth (2019 - 2020): South Korea, $22.6M
Top Destination Growth (2019 - 2020): Norway, $24.6M
Between 2019 and 2020, the exports of Casings,circular, iron/steel, oil/gas drilling >406mm grew the fastest in South Korea ($22.6M), Canada ($11.4M), Singapore ($6.57M), Brazil ($4.17M), and Spain ($3.37M).
Between 2019 and 2020, the fastest growing importers of Casings,circular, iron/steel, oil/gas drilling >406mm were Norway ($24.6M), Kuwait ($21.5M), Australia ($9.52M), Bangladesh ($3.62M), and Azerbaijan ($3.3M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Casings,circular, iron/steel, oil/gas drilling >406mm.
In 2020, market concentration measured using Shannon Entropy, was 3.3. This means that most of the exports of Casings,circular, iron/steel, oil/gas drilling >406mm are explained by 9 countries.
This map shows which countries export or import more of Casings,circular, iron/steel, oil/gas drilling >406mm. Each country is colored based on the difference in exports and imports of Casings,circular, iron/steel, oil/gas drilling >406mm during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Casings,circular, iron/steel, oil/gas drilling >406mm were Japan ($64M), Singapore ($63M), Brazil ($40.8M), South Korea ($32.4M), and Spain ($6.35M).
In 2020, the countries that had a largest trade value in imports than in exports of Casings,circular, iron/steel, oil/gas drilling >406mm were Norway ($36.9M), Guyana ($14.3M), Australia ($12.3M), Malaysia ($9.36M), and Mexico ($6.95M).
This visualization shows the countries that have an important ratio of their trade related to Casings,circular, iron/steel, oil/gas drilling >406mm. It is possible to select the main countries that export or import Casings,circular, iron/steel, oil/gas drilling >406mm 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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