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730421 (Harmonized System 1996 for 6-digit)

2023
World Trade $1.06BRnk 2089 / 4766
2023
Top Exporter | Top Importer $502M | $140MChina | United States
2023
Product Complexity -0.9Rnk 3817 / 4780
2022 - 2023
Export Growth (CAGR) 11.9%Rnk 588 / 4766
2023
Share of World Trade 0.0047%Rnk 2089 / 4766

About

Overview This page contains the latest trade data of Drill Pipes: For Oil or Gas Drilling. In 2023, Drill Pipes: For Oil or Gas Drilling were the world's 2089th most traded product, with a total trade of $1.06B. Between 2022 and 2023 the exports of Drill Pipes: For Oil or Gas Drilling grew by 11.9%, from $951M to $1.06B. Trade in Drill Pipes: For Oil or Gas Drilling represent 0.0047% of total world trade.

Drill Pipes: For Oil or Gas Drilling are a part of Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron)....

Exports In 2023 the top exporters of Drill Pipes: For Oil or Gas Drilling  were China ($502M), United States ($167M), Austria ($70.7M), Japan ($40.6M), and Saudi Arabia ($32.9M).

Imports In 2023 the top importers of Drill Pipes: For Oil or Gas Drilling were United States ($140M), Saudi Arabia ($121M), United Arab Emirates ($84.8M), Canada ($46.3M), and Norway ($44.8M).

Ranking Drill Pipes: For Oil or Gas Drilling ranks 3817th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Drill Pipes: For Oil or Gas 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 (2023)China$502M
Top Destination (2023)United States$140M

In 2023 Drill Pipes: For Oil or Gas Drilling were the world's 2089th most traded product (out of 4,766).

In 2023, the top exporters of Drill Pipes: For Oil or Gas Drilling were China ($502M), United States ($167M), Austria ($70.7M), Japan ($40.6M), and Saudi Arabia ($32.9M).

In 2023, the top importers of Drill Pipes: For Oil or Gas Drilling were United States ($140M), Saudi Arabia ($121M), United Arab Emirates ($84.8M), Canada ($46.3M), and Norway ($44.8M).

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Exporters of Drill Pipes: For Oil or Gas Drilling (2023)
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Importers of Drill Pipes: For Oil or Gas Drilling (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$119M
Top Destination Growth (2022 -  2023)Saudi Arabia$48.8M

Between 2022 and 2023, the exports of Drill Pipes: For Oil or Gas Drilling grew the fastest in China ($119M), United States ($18.1M), Japan ($17.7M), Austria ($9M), and Oman ($6.96M).

Between 2022 and 2023, the fastest growing importers of Drill Pipes: For Oil or Gas Drilling were Saudi Arabia ($48.8M), Norway ($23.3M), Canada ($20.1M), Kuwait ($19.5M), and Ukraine ($17.7M).

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Exporters of Drill Pipes: For Oil or Gas Drilling (2022 - 2023)

Importers of Drill Pipes: For Oil or Gas Drilling (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Drill Pipes: For Oil or Gas Drilling.

In 2023, market concentration measured using Shannon Entropy, was 3.2. This means that most of the exports of Drill Pipes: For Oil or Gas Drilling are explained by 9 countries.

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Value of Exports in Drill Pipes: For Oil or Gas Drilling

Net Trade

TOP NET EXPORTER (2023)China$497M
TOP NET IMPORTER (2023)Saudi Arabia$88M

This map shows which countries export or import more of Drill Pipes: For Oil or Gas Drilling. Each country is colored based on the difference in exports and imports of Drill Pipes: For Oil or Gas Drilling during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Drill Pipes: For Oil or Gas Drilling were China ($497M), Austria ($68.3M), Japan ($38.2M), United States ($27.5M), and France ($8.39M).

In 2023, the countries that had a largest trade value in imports than in exports of Drill Pipes: For Oil or Gas Drilling were Saudi Arabia ($88M), United Arab Emirates ($57.3M), Canada ($36.6M), Norway ($36.3M), and Thailand ($33.2M).

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 Drill Pipes: For Oil or Gas Drilling.
It is possible to select the main countries that export or import Drill Pipes: For Oil or Gas Drilling in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Drill Pipes: For Oil or Gas 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 (2023)

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