HS Icon Casings,circular, iron/steel, oil/gas drilling >406mm

730520 (Harmonized System 1992 for 6-digit)

Overview This page contains the latest trade data of Casings,circular, iron/steel, oil/gas drilling >406mm. In 2019, Casings,circular, iron/steel, oil/gas drilling >406mm were the world's 3004th most traded product, with a total trade of $392M. Between 2018 and 2019 the exports of Casings,circular, iron/steel, oil/gas drilling >406mm grew by 21.2%, from $324M to $392M. Trade in Casings,circular, iron/steel, oil/gas drilling >406mm represent 0.0022% of total world trade.

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

Exports In 2019 the top exporters of Casings,circular, iron/steel, oil/gas drilling >406mm  were Japan ($91.6M), United States ($67.1M), Singapore ($55.1M), Brazil ($39.3M), and United Kingdom ($33.5M).

Imports In 2019 the top importers of Casings,circular, iron/steel, oil/gas drilling >406mm were Guyana ($39.6M), United States ($34M), Canada ($25.2M), Egypt ($23.2M), and Indonesia ($22.8M).

Tariffs In 2018 the average tariff for Casings,circular, iron/steel, oil/gas drilling >406mm was 6.16%, making it the 3607th lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Casings,circular, iron/steel, oil/gas drilling >406mm are Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Sudan (21.9%). The countries with the lowest tariffs are Kenya (0%), Mauritius (0%), Rwanda (0%), Tanzania (0%), and Uganda (0%).

Ranking Casings,circular, iron/steel, oil/gas drilling >406mm ranks 3570th in the Product Complexity Index (PCI).

Description Casings are used in oil and gas drilling to protect the drill bit and to keep the drill hole open. Circular casings are used to line the walls of oil and gas wells. Iron and steel casings are used to line the walls of oil and gas wells to keep them open and to protect the interior parts.

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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.

* Using October 2021 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Japan, $91.6M

Top Destination (2019): Guyana, $39.6M

Casings,circular, iron/steel, oil/gas drilling >406mm are the world's 3004th most traded product.

In 2019, the top exporters of Casings,circular, iron/steel, oil/gas drilling >406mm were Japan ($91.6M), United States ($67.1M), Singapore ($55.1M), Brazil ($39.3M), and United Kingdom ($33.5M).

In 2019, the top importers of Casings,circular, iron/steel, oil/gas drilling >406mm were Guyana ($39.6M), United States ($34M), Canada ($25.2M), Egypt ($23.2M), and Indonesia ($22.8M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Japan, $33.7M

Top Destination Growth (2018 - 2019): United States, $24.1M

Between 2018 and 2019, the exports of Casings,circular, iron/steel, oil/gas drilling >406mm grew the fastest in Japan ($33.7M), Singapore ($25.7M), Brazil ($22.7M), United States ($22.4M), and South Africa ($18.3M).

Between 2018 and 2019, the fastest growing importers of Casings,circular, iron/steel, oil/gas drilling >406mm were United States ($24.1M), Egypt ($21.3M), Iraq ($20.1M), Mozambique ($18.3M), and Guyana ($17.1M).

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Market Concentration

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Cumulative market share

Value

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

In 2019,  market concentration measured using Shannon Entropy, was 3.47. This means that most of the exports of Casings,circular, iron/steel, oil/gas drilling >406mm are explained by 11 countries.

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TOP NET EXPORTER (2019): Japan, $91.4M

TOP NET IMPORTER (2019): Guyana, $38M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Casings,circular, iron/steel, oil/gas drilling >406mm were Japan ($91.4M), Singapore ($40.7M), Brazil ($36.4M), United States ($33.1M), and United Kingdom ($22.2M).

In 2019, the countries that had a largest trade value in imports than in exports of Casings,circular, iron/steel, oil/gas drilling >406mm were Guyana ($38M), Canada ($25.1M), Egypt ($23.2M), Mexico ($15.4M), and Kuwait ($12.1M).

Country Comparison

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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.

Import Tariffs

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In 2018, the average tariff for importing Casings,circular, iron/steel, oil/gas drilling >406mm was 6.16%. The countries with the highest tariffs for importing Casings,circular, iron/steel, oil/gas drilling >406mm were Bahamas (40.2%), Bermuda (25%), Cayman Islands (22%), and Sudan (21.9%).

Product Complexity

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Diversification Frontier

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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.