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730520 (Harmonized System 1992 for 6-digit)

2023
World Trade $391MRnk 3085 / 4644
2023
Top Exporter | Top Importer $115M | $60.9MJapan | Singapore
2023
Product Complexity -0.46Rnk 3171 / 4656
2022 - 2023
Export Growth (CAGR) 18%Rnk 333 / 4644
2023
Share of World Trade 0.0017%Rnk 3085 / 4644

About

Overview This page contains the latest trade data of Casings,circular, iron/steel, oil/gas drilling >406mm. In 2023, Casings,circular, iron/steel, oil/gas drilling >406mm were the world's 3085th most traded product, with a total trade of $391M. Between 2022 and 2023 the exports of Casings,circular, iron/steel, oil/gas drilling >406mm grew by 18%, from $331M to $391M. Trade in Casings,circular, iron/steel, oil/gas drilling >406mm represent 0.0017% of total world trade.

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

Exports In 2023 the top exporters of Casings,circular, iron/steel, oil/gas drilling >406mm  were Japan ($115M), Singapore ($60.7M), Brazil ($43.7M), South Korea ($37M), and Indonesia ($29.6M).

Imports In 2023 the top importers of Casings,circular, iron/steel, oil/gas drilling >406mm were Singapore ($60.9M), United States ($35.7M), Norway ($25.5M), Guyana ($24.1M), and Kuwait ($22.5M).

Ranking Casings,circular, iron/steel, oil/gas drilling >406mm ranks 3171st 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.

Latest Trends

Latest Data

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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.

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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)Japan$115M
Top Destination (2023)Singapore$60.9M

In 2023 Casings,circular, iron/steel, oil/gas drilling >406mm were the world's 3085th most traded product (out of 4,644).

In 2023, the top exporters of Casings,circular, iron/steel, oil/gas drilling >406mm were Japan ($115M), Singapore ($60.7M), Brazil ($43.7M), South Korea ($37M), and Indonesia ($29.6M).

In 2023, the top importers of Casings,circular, iron/steel, oil/gas drilling >406mm were Singapore ($60.9M), United States ($35.7M), Norway ($25.5M), Guyana ($24.1M), and Kuwait ($22.5M).

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Exporters of Casings,circular, iron/steel, oil/gas drilling >406mm (2023)
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Importers of Casings,circular, iron/steel, oil/gas drilling >406mm (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Japan$23.4M
Top Destination Growth (2022 -  2023)Singapore$26.4M

Between 2022 and 2023, the exports of Casings,circular, iron/steel, oil/gas drilling >406mm grew the fastest in Japan ($23.4M), South Korea ($23.3M), Singapore ($23.3M), Indonesia ($23M), and China ($7.05M).

Between 2022 and 2023, the fastest growing importers of Casings,circular, iron/steel, oil/gas drilling >406mm were Singapore ($26.4M), Norway ($21M), Libya ($9.87M), Angola ($9.69M), and Ghana ($8.91M).

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Exporters of Casings,circular, iron/steel, oil/gas drilling >406mm (2022 - 2023)

Importers of Casings,circular, iron/steel, oil/gas drilling >406mm (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.29. This means that most of the exports of Casings,circular, iron/steel, oil/gas drilling >406mm are explained by 9 countries.

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Value of Exports in Casings,circular, iron/steel, oil/gas drilling >406mm

Net Trade

TOP NET EXPORTER (2023)Japan$115M
TOP NET IMPORTER (2023)Norway$24.6M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Casings,circular, iron/steel, oil/gas drilling >406mm were Japan ($115M), South Korea ($36.3M), Brazil ($34.7M), Indonesia ($28.6M), and China ($13.1M).

In 2023, the countries that had a largest trade value in imports than in exports of Casings,circular, iron/steel, oil/gas drilling >406mm were Norway ($24.6M), Guyana ($24.1M), Kuwait ($22.4M), United States ($15.3M), and Angola ($15.2M).

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 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.

Top 10 Exporters Countries of Casings,circular, iron/steel, oil/gas drilling >406mm 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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