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Floating, submersible drilling or production platform

890520 (Harmonized System 1992 for 6-digit)

2023
World Trade $10.4BRnk 346 / 4644
2023
Top Exporter | Top Importer $3.42B | $2.08BChina | Singapore
2023
Product Complexity -1.68Rnk 4383 / 4656
2022 - 2023
Export Growth (CAGR) -32.1%Rnk 4297 / 4644
2023
Share of World Trade 0.046%Rnk 346 / 4644

About

Overview This page contains the latest trade data of Floating, submersible drilling or production platform. In 2023, Floating, submersible drilling or production platform were the world's 346th most traded product, with a total trade of $10.4B. Between 2022 and 2023 the exports of Floating, submersible drilling or production platform decreased by -32.1%, from $15.3B to $10.4B. Trade in Floating, submersible drilling or production platform represent 0.046% of total world trade.

Floating, submersible drilling or production platform are a part of Special Purpose Ships.

Exports In 2023 the top exporters of Floating, submersible drilling or production platform  were China ($3.42B), Singapore ($1.04B), South Korea ($903M), Gabon ($668M), and Croatia ($555M).

Imports In 2023 the top importers of Floating, submersible drilling or production platform were Singapore ($2.08B), Brazil ($1.17B), Cote d'Ivoire ($891M), Spain ($775M), and United Arab Emirates ($774M).

Ranking Floating, submersible drilling or production platform ranks 4383rd in the Product Complexity Index (PCI).

Description A floating, submersible drilling or production platform is a structure that is anchored to the floor of the sea. This is done to avoid collisions with the ocean floor or aquatic life. The platform will have multiple legs that are submerged below the water. This is to make sure the platform is stable and so it does not move. The platform will also have supports on the outer rim of the structure that are used to hold the frames on the surface of the water. These frames are what the drilling or production operations take place on.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Floating, submersible drilling or production platform. 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)China$3.42B
Top Destination (2023)Singapore$2.08B

In 2023 Floating, submersible drilling or production platform were the world's 346th most traded product (out of 4,644).

In 2023, the top exporters of Floating, submersible drilling or production platform were China ($3.42B), Singapore ($1.04B), South Korea ($903M), Gabon ($668M), and Croatia ($555M).

In 2023, the top importers of Floating, submersible drilling or production platform were Singapore ($2.08B), Brazil ($1.17B), Cote d'Ivoire ($891M), Spain ($775M), and United Arab Emirates ($774M).

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Exporters of Floating, submersible drilling or production platform (2023)
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Importers of Floating, submersible drilling or production platform (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Croatia$555M
Top Destination Growth (2022 -  2023)Brazil$1.17B

Between 2022 and 2023, the exports of Floating, submersible drilling or production platform grew the fastest in Croatia ($555M), Burma ($456M), Gabon ($411M), Liberia ($276M), and Marshall Islands ($149M).

Between 2022 and 2023, the fastest growing importers of Floating, submersible drilling or production platform were Brazil ($1.17B), Spain ($775M), Gabon ($446M), Qatar ($426M), and United Kingdom ($396M).

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Exporters of Floating, submersible drilling or production platform (2022 - 2023)

Importers of Floating, submersible drilling or production platform (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Floating, submersible drilling or production platform.

In 2023, market concentration measured using Shannon Entropy, was 3.59. This means that most of the exports of Floating, submersible drilling or production platform are explained by 12 countries.

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Value of Exports in Floating, submersible drilling or production platform

Net Trade

TOP NET EXPORTER (2023)China$3.42B
TOP NET IMPORTER (2023)Singapore$1.03B

This map shows which countries export or import more of Floating, submersible drilling or production platform. Each country is colored based on the difference in exports and imports of Floating, submersible drilling or production platform during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Floating, submersible drilling or production platform were China ($3.42B), South Korea ($903M), Croatia ($555M), Indonesia ($489M), and Saudi Arabia ($339M).

In 2023, the countries that had a largest trade value in imports than in exports of Floating, submersible drilling or production platform were Singapore ($1.03B), Spain ($775M), United Arab Emirates ($720M), Cote d'Ivoire ($588M), and Thailand ($580M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Floating, submersible drilling or production platform.
It is possible to select the main countries that export or import Floating, submersible drilling or production platform in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Floating, submersible drilling or production platform 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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