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730620 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.37BRnk 1282 / 4644
2023
Top Exporter | Top Importer $730M | $1.92BSouth Korea | United States
2023
Product Complexity 0.39Rnk 1870 / 4656
2022 - 2023
Export Growth (CAGR) -10.2%Rnk 2734 / 4644
2023
Share of World Trade 0.01%Rnk 1282 / 4644

About

Overview This page contains the latest trade data of Casings,circular, iron/steel, oil/gas drilling <406mm. In 2023, Casings,circular, iron/steel, oil/gas drilling <406mm were the world's 1282nd most traded product, with a total trade of $2.37B. Between 2022 and 2023 the exports of Casings,circular, iron/steel, oil/gas drilling <406mm decreased by -10.2%, from $2.64B to $2.37B. Trade in Casings,circular, iron/steel, oil/gas drilling <406mm represent 0.01% of total world trade.

Casings,circular, iron/steel, oil/gas drilling <406mm are a part of Other Small Iron Pipes.

Exports In 2023 the top exporters of Casings,circular, iron/steel, oil/gas drilling <406mm  were South Korea ($730M), Canada ($413M), United States ($232M), Chinese Taipei ($185M), and Italy ($165M).

Imports In 2023 the top importers of Casings,circular, iron/steel, oil/gas drilling <406mm were United States ($1.92B), Canada ($237M), Saudi Arabia ($31.2M), United Arab Emirates ($26.1M), and India ($12.8M).

Ranking Casings,circular, iron/steel, oil/gas drilling <406mm ranks 1870th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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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.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)South Korea$730M
Top Destination (2023)United States$1.92B

In 2023 Casings,circular, iron/steel, oil/gas drilling <406mm were the world's 1282nd most traded product (out of 4,644).

In 2023, the top exporters of Casings,circular, iron/steel, oil/gas drilling <406mm were South Korea ($730M), Canada ($413M), United States ($232M), Chinese Taipei ($185M), and Italy ($165M).

In 2023, the top importers of Casings,circular, iron/steel, oil/gas drilling <406mm were United States ($1.92B), Canada ($237M), Saudi Arabia ($31.2M), United Arab Emirates ($26.1M), and India ($12.8M).

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Exporters of Casings,circular, iron/steel, oil/gas drilling <406mm (2023)
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Importers of Casings,circular, iron/steel, oil/gas drilling <406mm (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Vietnam$54M
Top Destination Growth (2022 -  2023)Hungary$9.12M

Between 2022 and 2023, the exports of Casings,circular, iron/steel, oil/gas drilling <406mm grew the fastest in Vietnam ($54M), Philippines ($52.4M), Canada ($36.7M), Italy ($35.2M), and Thailand ($25.3M).

Between 2022 and 2023, the fastest growing importers of Casings,circular, iron/steel, oil/gas drilling <406mm were Hungary ($9.12M), United Arab Emirates ($7.47M), Israel ($6.48M), India ($5.55M), and Suriname ($4.17M).

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Exporters of Casings,circular, iron/steel, oil/gas drilling <406mm (2022 - 2023)

Importers of Casings,circular, iron/steel, oil/gas drilling <406mm (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Casings,circular, iron/steel, oil/gas drilling <406mm.

In 2023, market concentration measured using Shannon Entropy, was 3.43. This means that most of the exports of Casings,circular, iron/steel, oil/gas drilling <406mm are explained by 10 countries.

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Value of Exports in Casings,circular, iron/steel, oil/gas drilling <406mm

Net Trade

TOP NET EXPORTER (2023)South Korea$729M
TOP NET IMPORTER (2023)United States$1.68B

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Casings,circular, iron/steel, oil/gas drilling <406mm were South Korea ($729M), Chinese Taipei ($185M), Canada ($176M), Italy ($164M), and Turkey ($95.2M).

In 2023, the countries that had a largest trade value in imports than in exports of Casings,circular, iron/steel, oil/gas drilling <406mm were United States ($1.68B), Hungary ($9.65M), Qatar ($6.92M), Israel ($6.67M), and Malaysia ($6.12M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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.

Top 10 Exporters Countries of Casings,circular, iron/steel, oil/gas drilling <406mm by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

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