About HS Code 870520
This category covers highly specialized vehicles equipped with drilling derricks, primarily used in the oil and gas exploration, mining, and geotechnical engineering sectors. These mobile units are designed for rapid deployment and efficient drilling operations, making them critical for prospecting, well servicing, and geological surveys. Major importers include countries with active oil and gas fields, mining operations, or significant geological research initiatives, often seeking advanced technology to enhance extraction efficiency or explore new reserves. Exporters are typically nations with strong heavy machinery manufacturing industries and expertise in energy sector equipment. Key considerations in trade involve drilling depth capacity, power source, mobility (on-road vs. off-road), and compliance with stringent safety and environmental standards specific to the extractive industries. The market is highly sensitive to global commodity prices and exploration budgets.
Products Under This Code
Truck-mounted drilling rigs, oilfield service rigs, water well drilling rigs, geotechnical drilling vehicles, core sampling rigs, exploration drilling trucks, blast hole drilling rigs
Real World Examples
Atlas Copco SmartROC series, Sandvik Ranger series, Schramm T-series, Foremost DR series, Epiroc FlexiROC series
Common Misclassification
This code might be confused with 8430 (other moving, grading, levelling, scraping, excavating, tamping, compacting, extracting or boring machinery) if the drilling function is not mounted on a vehicle chassis, or 870590 for other special purpose vehicles.
Products Classified Under 8705.20
Industry
This code belongs to the Automotive & Vehicles industry.
Trade Overview
The USA, Canada, and China are significant players in both importing and exporting, driven by their extensive energy and mining sectors.
Frequently Asked Questions
What is HS code 870520?
HS code 870520 covers: Vehicles; mobile drilling derricks. This category covers highly specialized vehicles equipped with drilling derricks, primarily used in the oil and gas exploration, mining, and geotechnical engineering sectors. These mobile units are designed for rapid deployment and efficient drilling operations, making them critical for prospecting, well servicing, and geological surveys. Major importers include countries with active oil and gas fields, mining operations, or significant geological research initiatives, often seeking advanced technology to enhance extraction efficiency or explore new reserves. Exporters are typically nations with strong heavy machinery manufacturing industries and expertise in energy sector equipment. Key considerations in trade involve drilling depth capacity, power source, mobility (on-road vs. off-road), and compliance with stringent safety and environmental standards specific to the extractive industries. The market is highly sensitive to global commodity prices and exploration budgets.
What products fall under HS code 870520?
Truck-mounted drilling rigs, oilfield service rigs, water well drilling rigs, geotechnical drilling vehicles, core sampling rigs, exploration drilling trucks, blast hole drilling rigs
What are common misclassifications for HS code 870520?
This code might be confused with 8430 (other moving, grading, levelling, scraping, excavating, tamping, compacting, extracting or boring machinery) if the drilling function is not mounted on a vehicle chassis, or 870590 for other special purpose vehicles.
How is HS code 870520 structured?
HS code 870520 is a 6-digit subheading under the Harmonized System. The first 2 digits (87) identify the chapter, digits 3-4 (05) identify the heading, and digits 5-6 (20) specify the subheading. This code is standardized globally by the World Customs Organization.