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870520 (Harmonized System 1992 for 6-digit)

2023
World Trade $204MRnk 3652 / 4644
2023
Top Exporter | Top Importer $36.9M | $25.3MUnited States | United States
2023
Product Complexity -1.49Rnk 4260 / 4656
2022 - 2023
Export Growth (CAGR) 8.96%Rnk 745 / 4644
2023
Share of World Trade 0.0009%Rnk 3652 / 4644

About

Overview This page contains the latest trade data of Mobile drilling derricks. In 2023, Mobile drilling derricks were the world's 3652nd most traded product, with a total trade of $204M. Between 2022 and 2023 the exports of Mobile drilling derricks grew by 8.96%, from $187M to $204M. Trade in Mobile drilling derricks represent 0.0009% of total world trade.

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

Exports In 2023 the top exporters of Mobile drilling derricks  were United States ($36.9M), Canada ($31.5M), China ($24.2M), Germany ($16.3M), and India ($15.5M).

Imports In 2023 the top importers of Mobile drilling derricks were United States ($25.3M), United Arab Emirates ($24.9M), Canada ($20.4M), Romania ($18.2M), and Saudi Arabia ($12.5M).

Ranking Mobile drilling derricks ranks 4260th 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 (2023)United States$36.9M
Top Destination (2023)United States$25.3M

In 2023 Mobile drilling derricks were the world's 3652nd most traded product (out of 4,644).

In 2023, the top exporters of Mobile drilling derricks were United States ($36.9M), Canada ($31.5M), China ($24.2M), Germany ($16.3M), and India ($15.5M).

In 2023, the top importers of Mobile drilling derricks were United States ($25.3M), United Arab Emirates ($24.9M), Canada ($20.4M), Romania ($18.2M), and Saudi Arabia ($12.5M).

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Exporters of Mobile drilling derricks (2023)
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Importers of Mobile drilling derricks (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$11.1M
Top Destination Growth (2022 -  2023)Romania$14.2M

Between 2022 and 2023, the exports of Mobile drilling derricks grew the fastest in China ($11.1M), Sweden ($6.41M), Russia ($6.34M), United States ($4.72M), and Portugal ($3.79M).

Between 2022 and 2023, the fastest growing importers of Mobile drilling derricks were Romania ($14.2M), United States ($8.45M), Cote d'Ivoire ($7.7M), Uzbekistan ($5.86M), and United Arab Emirates ($5.05M).

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Exporters of Mobile drilling derricks (2022 - 2023)

Importers of Mobile drilling derricks (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.01. 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 (2023)China$24M
TOP NET IMPORTER (2023)Romania$18.2M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Mobile drilling derricks were China ($24M), Germany ($16.1M), India ($14.6M), United States ($11.5M), and Canada ($11.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Mobile drilling derricks were Romania ($18.2M), United Arab Emirates ($14.2M), Saudi Arabia ($12.5M), Cote d'Ivoire ($9.88M), and Mexico ($5.57M).

Net Trade (2023)

Country Comparison

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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 (2023)

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