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730424 (Harmonized System 2007 for 6-digit)

2023
World Trade $2.21BRnk 1392 / 5026
2023
Top Exporter | Top Importer $1.26B | $329MJapan | United States
2023
Product Complexity -0.54Rnk 3556 / 5035
2022 - 2023
Export Growth (CAGR) 18.5%Rnk 373 / 5026
2023
Share of World Trade 0.0097%Rnk 1392 / 5026

About

Overview This page contains the latest trade data of Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas. In 2023, Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas were the world's 1392nd most traded product, with a total trade of $2.21B. Between 2022 and 2023 the exports of Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas grew by 18.5%, from $1.86B to $2.21B. Trade in Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas represent 0.0097% of total world trade.

Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas are a part of Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron)....

Exports In 2023 the top exporters of Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas  were Japan ($1.26B), Sweden ($144M), Spain ($141M), United Kingdom ($92.3M), and China ($61.7M).

Imports In 2023 the top importers of Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas were United States ($329M), Qatar ($302M), United Arab Emirates ($198M), Brazil ($165M), and United Kingdom ($120M).

Ranking Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas ranks 3556th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas. 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$1.26B
Top Destination (2023)United States$329M

In 2023 Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas were the world's 1392nd most traded product (out of 5,026).

In 2023, the top exporters of Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas were Japan ($1.26B), Sweden ($144M), Spain ($141M), United Kingdom ($92.3M), and China ($61.7M).

In 2023, the top importers of Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas were United States ($329M), Qatar ($302M), United Arab Emirates ($198M), Brazil ($165M), and United Kingdom ($120M).

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Exporters of Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas (2023)
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Importers of Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Japan$144M
Top Destination Growth (2022 -  2023)United States$158M

Between 2022 and 2023, the exports of Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas grew the fastest in Japan ($144M), Spain ($99.8M), United Kingdom ($43.6M), Singapore ($34.2M), and Sweden ($33.4M).

Between 2022 and 2023, the fastest growing importers of Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas were United States ($158M), Brazil ($74.8M), United Kingdom ($61.5M), United Arab Emirates ($41.7M), and Qatar ($37.6M).

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Exporters of Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas (2022 - 2023)

Importers of Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas.

In 2023, market concentration measured using Shannon Entropy, was 2.77. This means that most of the exports of Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas are explained by 6 countries.

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Value of Exports in Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas

Net Trade

TOP NET EXPORTER (2023)Japan$1.25B
TOP NET IMPORTER (2023)United States$309M

This map shows which countries export or import more of Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas. Each country is colored based on the difference in exports and imports of Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas were Japan ($1.25B), Sweden ($140M), Spain ($139M), Germany ($49.8M), and Indonesia ($35.4M).

In 2023, the countries that had a largest trade value in imports than in exports of Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas were United States ($309M), Qatar ($302M), United Arab Emirates ($151M), Brazil ($122M), and Oman ($94.2M).

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 Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas.
It is possible to select the main countries that export or import Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Steel, stainless: seamless, casing and tubing, of a kind used in drilling for oil or gas 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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