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730420 (Harmonized System 1992 for 6-digit)

2022
World Trade $10.3BRnk 382 / 4648
2022
Top Exporter | Top Importer $2.76B | $2.63BChina | United States
2022
Product Complexity -0.23Rnk 2845 / 4653
2021 - 2022
Export Growth (CAGR) 60.7%Rnk 124 / 4648
2022
Share of World Trade 0.043%Rnk 382 / 4648

About

Overview This page contains the latest trade data of Casings, tubing and drill pipe, for oil drilling. In 2022, Casings, tubing and drill pipe, for oil drilling were the world's 382nd most traded product, with a total trade of $10.3B. Between 2021 and 2022 the exports of Casings, tubing and drill pipe, for oil drilling grew by 60.7%, from $6.38B to $10.3B. Trade in Casings, tubing and drill pipe, for oil drilling represent 0.043% of total world trade.

Casings, tubing and drill pipe, for oil drilling are a part of Iron Pipes.

Exports In 2022 the top exporters of Casings, tubing and drill pipe, for oil drilling  were China ($2.76B), Japan ($1.71B), Mexico ($894M), Austria ($606M), and Argentina ($420M).

Imports In 2022 the top importers of Casings, tubing and drill pipe, for oil drilling were United States ($2.63B), Canada ($827M), Kuwait ($825M), United Arab Emirates ($533M), and Algeria ($435M).

Ranking Casings, tubing and drill pipe, for oil drilling ranks 2845th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Casings, tubing and drill pipe, for oil drilling. 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$2.76B
Top Destination (2022)United States$2.63B

In 2022 Casings, tubing and drill pipe, for oil drilling were the world's 382nd most traded product (out of 4,648).

In 2022, the top exporters of Casings, tubing and drill pipe, for oil drilling were China ($2.76B), Japan ($1.71B), Mexico ($894M), Austria ($606M), and Argentina ($420M).

In 2022, the top importers of Casings, tubing and drill pipe, for oil drilling were United States ($2.63B), Canada ($827M), Kuwait ($825M), United Arab Emirates ($533M), and Algeria ($435M).

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Exporters of Casings, tubing and drill pipe, for oil drilling (2022)
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Importers of Casings, tubing and drill pipe, for oil drilling (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$1.63B
Top Destination Growth (2021 -  2022)United States$1.13B

Between 2021 and 2022, the exports of Casings, tubing and drill pipe, for oil drilling grew the fastest in China ($1.63B), Japan ($545M), Austria ($301M), Mexico ($152M), and Brazil ($147M).

Between 2021 and 2022, the fastest growing importers of Casings, tubing and drill pipe, for oil drilling were United States ($1.13B), Kuwait ($601M), Canada ($485M), Algeria ($242M), and United Arab Emirates ($210M).

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Exporters of Casings, tubing and drill pipe, for oil drilling (2021 - 2022)

Importers of Casings, tubing and drill pipe, for oil drilling (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Casings, tubing and drill pipe, for oil drilling.

In 2022, market concentration measured using Shannon Entropy, was 3.96. This means that most of the exports of Casings, tubing and drill pipe, for oil drilling are explained by 15 countries.

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Value of Exports in Casings, tubing and drill pipe, for oil drilling

Net Trade

TOP NET EXPORTER (2022)China$2.63B
TOP NET IMPORTER (2022)United States$2.37B

This map shows which countries export or import more of Casings, tubing and drill pipe, for oil drilling. Each country is colored based on the difference in exports and imports of Casings, tubing and drill pipe, for oil drilling during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Casings, tubing and drill pipe, for oil drilling were China ($2.63B), Japan ($1.7B), Mexico ($809M), Austria ($598M), and Argentina ($403M).

In 2022, the countries that had a largest trade value in imports than in exports of Casings, tubing and drill pipe, for oil drilling were United States ($2.37B), Kuwait ($821M), Canada ($751M), Algeria ($433M), and Oman ($394M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Casings, tubing and drill pipe, for oil drilling.
It is possible to select the main countries that export or import Casings, tubing and drill pipe, for oil drilling in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Casings, tubing and drill pipe, for oil drilling 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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