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730620 (Harmonized System 1992 for 6-digit)

2022
World Trade $2.62BRnk 1254 / 4648
2022
Top Exporter | Top Importer $879M | $2.18BSouth Korea | United States
2022
Product Complexity 0.52Rnk 1606 / 4653
2021 - 2022
Export Growth (CAGR) 139%Rnk 46 / 4648
2022
Share of World Trade 0.011%Rnk 1254 / 4648

About

Overview This page contains the latest trade data of Casings,circular, iron/steel, oil/gas drilling <406mm. In 2022, Casings,circular, iron/steel, oil/gas drilling <406mm were the world's 1254th most traded product, with a total trade of $2.62B. Between 2021 and 2022 the exports of Casings,circular, iron/steel, oil/gas drilling <406mm grew by 139%, from $1.1B to $2.62B. Trade in Casings,circular, iron/steel, oil/gas drilling <406mm represent 0.011% of total world trade.

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

Exports In 2022 the top exporters of Casings,circular, iron/steel, oil/gas drilling <406mm  were South Korea ($879M), Canada ($378M), Chinese Taipei ($316M), United States ($260M), and Turkey ($131M).

Imports In 2022 the top importers of Casings,circular, iron/steel, oil/gas drilling <406mm were United States ($2.18B), Canada ($257M), United Arab Emirates ($20.2M), Saudi Arabia ($14.8M), and Egypt ($9.12M).

Ranking Casings,circular, iron/steel, oil/gas drilling <406mm ranks 1606th in the Product Complexity Index (PCI).

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 (2022)South Korea$879M
Top Destination (2022)United States$2.18B

In 2022 Casings,circular, iron/steel, oil/gas drilling <406mm were the world's 1254th most traded product (out of 4,648).

In 2022, the top exporters of Casings,circular, iron/steel, oil/gas drilling <406mm were South Korea ($879M), Canada ($378M), Chinese Taipei ($316M), United States ($260M), and Turkey ($131M).

In 2022, the top importers of Casings,circular, iron/steel, oil/gas drilling <406mm were United States ($2.18B), Canada ($257M), United Arab Emirates ($20.2M), Saudi Arabia ($14.8M), and Egypt ($9.12M).

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Exporters of Casings,circular, iron/steel, oil/gas drilling <406mm (2022)
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Importers of Casings,circular, iron/steel, oil/gas drilling <406mm (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)South Korea$326M
Top Destination Growth (2021 -  2022)United States$1.36B

Between 2021 and 2022, the exports of Casings,circular, iron/steel, oil/gas drilling <406mm grew the fastest in South Korea ($326M), Canada ($269M), Chinese Taipei ($269M), Turkey ($107M), and United States ($105M).

Between 2021 and 2022, the fastest growing importers of Casings,circular, iron/steel, oil/gas drilling <406mm were United States ($1.36B), Canada ($133M), United Arab Emirates ($6.68M), Brazil ($6.36M), and Egypt ($5.02M).

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Exporters of Casings,circular, iron/steel, oil/gas drilling <406mm (2021 - 2022)

Importers of Casings,circular, iron/steel, oil/gas drilling <406mm (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.33. This means that most of the exports of Casings,circular, iron/steel, oil/gas drilling <406mm are explained by 10 countries.

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

Net Trade

TOP NET EXPORTER (2022)South Korea$879M
TOP NET IMPORTER (2022)United States$1.92B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Casings,circular, iron/steel, oil/gas drilling <406mm were South Korea ($879M), Chinese Taipei ($315M), Turkey ($130M), Canada ($121M), and Italy ($97.8M).

In 2022, the countries that had a largest trade value in imports than in exports of Casings,circular, iron/steel, oil/gas drilling <406mm were United States ($1.92B), Egypt ($8.54M), Mexico ($5.26M), Qatar ($4.81M), and Suriname ($4.64M).

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 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 (2022)

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