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Floating, submersible drilling or production platform

890520 (Harmonized System 1992 for 6-digit)

2022
World Trade $14.3BRnk 254 / 4648
2022
Top Exporter | Top Importer $4.62B | $2.4BChina | Singapore
2022
Product Complexity -1.6Rnk 4351 / 4653
2021 - 2022
Export Growth (CAGR) -4.07%Rnk 3484 / 4648
2022
Share of World Trade 0.061%Rnk 254 / 4648

About

Overview This page contains the latest trade data of Floating, submersible drilling or production platform. In 2022, Floating, submersible drilling or production platform were the world's 254th most traded product, with a total trade of $14.3B. Between 2021 and 2022 the exports of Floating, submersible drilling or production platform decreased by -4.07%, from $15B to $14.3B. Trade in Floating, submersible drilling or production platform represent 0.061% of total world trade.

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

Exports In 2022 the top exporters of Floating, submersible drilling or production platform  were China ($4.62B), Singapore ($2.41B), South Korea ($1.18B), Indonesia ($1.08B), and France ($935M).

Imports In 2022 the top importers of Floating, submersible drilling or production platform were Singapore ($2.4B), India ($1.44B), Norway ($1.19B), Israel ($935M), and China ($762M).

Ranking Floating, submersible drilling or production platform ranks 4351st 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 (2022)China$4.62B
Top Destination (2022)Singapore$2.4B

In 2022 Floating, submersible drilling or production platform were the world's 254th most traded product (out of 4,648).

In 2022, the top exporters of Floating, submersible drilling or production platform were China ($4.62B), Singapore ($2.41B), South Korea ($1.18B), Indonesia ($1.08B), and France ($935M).

In 2022, the top importers of Floating, submersible drilling or production platform were Singapore ($2.4B), India ($1.44B), Norway ($1.19B), Israel ($935M), and China ($762M).

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Exporters of Floating, submersible drilling or production platform (2022)
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Importers of Floating, submersible drilling or production platform (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$2.68B
Top Destination Growth (2021 -  2022)Singapore$1.5B

Between 2021 and 2022, the exports of Floating, submersible drilling or production platform grew the fastest in China ($2.68B), Indonesia ($999M), France ($890M), India ($406M), and Angola ($380M).

Between 2021 and 2022, the fastest growing importers of Floating, submersible drilling or production platform were Singapore ($1.5B), India ($1.24B), Norway ($1.19B), Israel ($935M), and Denmark ($681M).

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Exporters of Floating, submersible drilling or production platform (2021 - 2022)

Importers of Floating, submersible drilling or production platform (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.38. This means that most of the exports of Floating, submersible drilling or production platform are explained by 10 countries.

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Value of Exports in Floating, submersible drilling or production platform

Net Trade

TOP NET EXPORTER (2022)China$3.86B
TOP NET IMPORTER (2022)Norway$1.18B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Floating, submersible drilling or production platform were China ($3.86B), South Korea ($1.18B), France ($935M), Bahamas ($576M), and Nigeria ($562M).

In 2022, the countries that had a largest trade value in imports than in exports of Floating, submersible drilling or production platform were Norway ($1.18B), India ($906M), Denmark ($717M), United States ($691M), and Israel ($685M).

Net Trade (2022)

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 (2022)

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