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870520 (Harmonized System 1992 for 6-digit)

2022
World Trade $175MRnk 3814 / 4648
2022
Top Exporter | Top Importer $30.2M | $18.7MUnited States | Canada
2022
Product Complexity -1.46Rnk 4233 / 4653
2021 - 2022
Export Growth (CAGR) 0.72%Rnk 2844 / 4648
2022
Share of World Trade 0.00074%Rnk 3814 / 4648

About

Overview This page contains the latest trade data of Mobile drilling derricks. In 2022, Mobile drilling derricks were the world's 3814th most traded product, with a total trade of $175M. Between 2021 and 2022 the exports of Mobile drilling derricks grew by 0.72%, from $174M to $175M. Trade in Mobile drilling derricks represent 0.00074% of total world trade.

Mobile drilling derricks are a part of Special purpose motor vehicles.

Exports In 2022 the top exporters of Mobile drilling derricks  were United States ($30.2M), Canada ($29.9M), Germany ($18.2M), United Arab Emirates ($14.7M), and India ($11.1M).

Imports In 2022 the top importers of Mobile drilling derricks were Canada ($18.7M), United States ($17.7M), United Arab Emirates ($16.9M), Australia ($8.51M), and Saudi Arabia ($7.97M).

Ranking Mobile drilling derricks ranks 4233rd in the Product Complexity Index (PCI).

Description A mobile drilling derrick is a tower on wheels that can be erected at a drilling site. These towers are used to drill oil and gas wells.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Mobile drilling derricks. 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)United States$30.2M
Top Destination (2022)Canada$18.7M

In 2022 Mobile drilling derricks were the world's 3814th most traded product (out of 4,648).

In 2022, the top exporters of Mobile drilling derricks were United States ($30.2M), Canada ($29.9M), Germany ($18.2M), United Arab Emirates ($14.7M), and India ($11.1M).

In 2022, the top importers of Mobile drilling derricks were Canada ($18.7M), United States ($17.7M), United Arab Emirates ($16.9M), Australia ($8.51M), and Saudi Arabia ($7.97M).

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Exporters of Mobile drilling derricks (2022)
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Importers of Mobile drilling derricks (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Canada$17.2M
Top Destination Growth (2021 -  2022)United States$7.89M

Between 2021 and 2022, the exports of Mobile drilling derricks grew the fastest in Canada ($17.2M), United Arab Emirates ($8.23M), Germany ($6.05M), Austria ($6M), and United States ($4.17M).

Between 2021 and 2022, the fastest growing importers of Mobile drilling derricks were United States ($7.89M), Australia ($6.42M), Canada ($5.89M), Saudi Arabia ($5.23M), and United Arab Emirates ($4.31M).

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Exporters of Mobile drilling derricks (2021 - 2022)

Importers of Mobile drilling derricks (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Mobile drilling derricks.

In 2022, market concentration measured using Shannon Entropy, was 4.07. This means that most of the exports of Mobile drilling derricks are explained by 16 countries.

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Value of Exports in Mobile drilling derricks

Net Trade

TOP NET EXPORTER (2022)Germany$18M
TOP NET IMPORTER (2022)Zimbabwe$4.59M

This map shows which countries export or import more of Mobile drilling derricks. Each country is colored based on the difference in exports and imports of Mobile drilling derricks during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Mobile drilling derricks were Germany ($18M), United States ($12.5M), Canada ($11.2M), China ($11.1M), and India ($10.8M).

In 2022, the countries that had a largest trade value in imports than in exports of Mobile drilling derricks were Zimbabwe ($4.59M), Romania ($4.52M), Australia ($4.29M), Kazakhstan ($3.96M), and Spain ($3.85M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Mobile drilling derricks 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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