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China's oil and gas drilling equipment goes to the international market
The rapid growth in the export of oil and gas drilling equipment from Shanghai Port in the first half of this year can be largely attributed to significant advancements in China's capabilities in standardization, manufacturing, and R&D. Over the past few decades, Chinese manufacturers have made substantial progress in aligning their products with global standards, enabling them to compete effectively on the international stage.
Starting from the late 1990s, efforts were made to upgrade industry standards for oil and gas drilling equipment to meet international requirements. This led to the development of over 20 different types of drilling machines, including AC frequency conversion speed-controlled electric drive rigs, which reached internationally advanced levels. These products have gained recognition from overseas customers, helping to establish a strong foothold in the global market.
Export trends from Shanghai Port show several notable features. First, both processing trade and general trade accounted for nearly half of the total exports. In the first half of this year, exports via processing trade and general trade each reached $600 million, showing a dramatic increase of 12.8 times and 1.4 times respectively. These two trade modes together represented 46.5% and 45.6% of the total, highlighting their importance.
Second, the primary export markets are major oil and gas-producing regions. North America and the Middle East remain key destinations, with the United States being the largest single market. Exports to the U.S. totaled $80 million, up 5.6 times compared to the same period last year. The share of exports to the U.S. rose from 36.2% to 58.8%. Similarly, exports to countries like Oman, UAE, Saudi Arabia, Iran, and Syria surged by 6.8 times, reaching $200 million and accounting for 14.2% of total exports.
Third, deep drilling equipment—those capable of operating at depths exceeding 6,000 meters—has become the main export product. In the first half of the year, such equipment was valued at $80 million, representing a 19.3-fold increase and making up 58.2% of total exports. This category saw a significant rise in market share, increasing by 46.5 percentage points. Meanwhile, equipment with depths of 6,000 meters or less recorded $1.3 million in exports, a new milestone. Additionally, parts for oil and gas drilling rigs saw exports reach $600 million, up 87.4% year-on-year.
These developments reflect not only the growing strength of China’s energy equipment sector but also its expanding influence in global energy infrastructure.