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730421 (Harmonized System 1996 for 6-digit)

2022
World Trade $800MRnk 2499 / 4769
2022
Top Exporter | Top Importer $326M | $131MChina | United States
2022
Product Complexity -1.05Rnk 3967 / 4776
2021 - 2022
Export Growth (CAGR) 21.2%Rnk 747 / 4769
2022
Share of World Trade 0.0034%Rnk 2499 / 4769

About

Overview This page contains the latest trade data of Drill Pipes: For Oil or Gas Drilling. In 2022, Drill Pipes: For Oil or Gas Drilling were the world's 2499th most traded product, with a total trade of $800M. Between 2021 and 2022 the exports of Drill Pipes: For Oil or Gas Drilling grew by 21.2%, from $660M to $800M. Trade in Drill Pipes: For Oil or Gas Drilling represent 0.0034% 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 2022 the top exporters of Drill Pipes: For Oil or Gas Drilling  were China ($326M), United States ($120M), Austria ($61.1M), Mexico ($28.1M), and United Arab Emirates ($24.2M).

Imports In 2022 the top importers of Drill Pipes: For Oil or Gas Drilling were United States ($131M), United Arab Emirates ($71.3M), Saudi Arabia ($61.6M), Mexico ($40.8M), and Canada ($29.4M).

Ranking Drill Pipes: For Oil or Gas Drilling ranks 3967th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

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 (2022)China$326M
Top Destination (2022)United States$131M

In 2022 Drill Pipes: For Oil or Gas Drilling were the world's 2499th most traded product (out of 4,769).

In 2022, the top exporters of Drill Pipes: For Oil or Gas Drilling were China ($326M), United States ($120M), Austria ($61.1M), Mexico ($28.1M), and United Arab Emirates ($24.2M).

In 2022, the top importers of Drill Pipes: For Oil or Gas Drilling were United States ($131M), United Arab Emirates ($71.3M), Saudi Arabia ($61.6M), Mexico ($40.8M), and Canada ($29.4M).

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Exporters of Drill Pipes: For Oil or Gas Drilling (2022)
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Importers of Drill Pipes: For Oil or Gas Drilling (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$173M
Top Destination Growth (2021 -  2022)United States$65.2M

Between 2021 and 2022, the exports of Drill Pipes: For Oil or Gas Drilling grew the fastest in China ($173M), Austria ($38.1M), United States ($37.5M), Thailand ($17.7M), and Singapore ($8.12M).

Between 2021 and 2022, the fastest growing importers of Drill Pipes: For Oil or Gas Drilling were United States ($65.2M), United Arab Emirates ($55.5M), Mexico ($15.5M), Thailand ($13.5M), and Canada ($12.9M).

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Exporters of Drill Pipes: For Oil or Gas Drilling (2021 - 2022)

Importers of Drill Pipes: For Oil or Gas Drilling (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.54. This means that most of the exports of Drill Pipes: For Oil or Gas Drilling are explained by 11 countries.

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

Net Trade

TOP NET EXPORTER (2022)China$315M
TOP NET IMPORTER (2022)Saudi Arabia$61.3M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Drill Pipes: For Oil or Gas Drilling were China ($315M), Austria ($58.3M), Japan ($13.2M), Germany ($10.5M), and France ($7.24M).

In 2022, the countries that had a largest trade value in imports than in exports of Drill Pipes: For Oil or Gas Drilling were Saudi Arabia ($61.3M), United Arab Emirates ($47.1M), Canada ($19.2M), Colombia ($15.7M), and Australia ($14M).

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 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 (2022)

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