Comapny Tpye: Industry and Trade Integration
Main products: Hydraulic Power Transmission Parts, Steel Pipe Flanges and Fittings, Electrical Control Panels
Report Creation Date: 2026-02-22
Oil States Industries Asia Pvt Ltd is an Indian-registered private limited company with operational headquarters in Singapore. It functions as a specialized industrial supply intermediary, focused on sourcing and distributing oil & gas, power transmission, and hydraulic system components across global energy infrastructure markets. Its trade structure shows high concentration in U.S.-sourced goods and strong linkages to joint ventures in Vietnam and Thailand. A notable shift occurred in late 2025: transaction volume surged over 87,000 units in March 2025 — more than 90× the January 2024 baseline — signaling rapid scale-up in procurement activity.
Data解读: Transaction volume exhibits extreme volatility — peaking at 87,595.8 units in March 2025 and collapsing to just 24 units in January 2026 — indicating project-driven, non-recurring procurement cycles rather than steady inventory replenishment. Over 72% of total transactions (2,265/3,145) occurred in the 6-month window from May–October 2025, revealing intense short-term demand clustering tied to specific infrastructure timelines or tender deliveries. This pattern reflects high exposure to project execution risk and low recurring revenue visibility.
| Year-Month | Transaction Volume | Transaction Count |
|---|---|---|
| 2025-03 | 87595.8 | 87 |
| 2025-06 | 54028 | 276 |
| 2025-07 | 43504.6 | 112 |
| 2025-09 | 42325.8 | 271 |
| 2025-10 | 36391 | 458 |
| 2025-12 | 3618 | 230 |
| 2026-01 | 24 | 2 |
| 2024-09 | 42228 | 26 |
| 2024-04 | 5398.27 | 18 |
| 2023-10 | 6131.97 | 86 |
Data解读: The top two partners — Oil Staes Skagit Smatco LLC and Connector Specialists — jointly account for nearly 47% of all transactions and are both U.S.-based, suggesting deep reliance on American OEMs and specialty component distributors. Notably, 7 of the top 20 partners are newly added since late 2025 (e.g., Semco Maritime Ltd., Oil States Industries Thailand Ltd.), while 4 historical partners (including Walvis Bay Ship Chandlers and Shailesh Forging Works) have lapsed — pointing to active portfolio rationalization and geographic repositioning toward ASEAN and maritime engineering clients. This signals strategic pivot toward regional integration and away from legacy African and domestic Indian suppliers.
| Partner Name | Transaction Count | % of Total | Country | Status |
|---|---|---|---|---|
| Oil Staes Skagit Smatco LLC | 787 | 23.73% | United States | Maintained |
| Connector Specialists | 770 | 23.22% | United States | Maintained |
| PVD Tech Oil States Industries Joint Venture Co. Ltd. | 172 | 5.19% | Vietnam | Lost |
| Công ty TNHH Liên Doanh PVD Tech Oil States Industries | 143 | 4.31% | Vietnam | Maintained |
| Wholesale Electric Supply Co | 128 | 3.86% | United States | New |
| Cooper Crouse Hinds GmbH | 112 | 3.38% | Russia | New |
| Power & Motion Control Pte Ltd. | 102 | 3.08% | Singapore | Maintained |
| Paccar Winch Braden Carco Gearmatic | 89 | 2.68% | United States | Maintained |
| Wholesale Electric Supply Co Y of Houston Inc. | 66 | 1.99% | United States | New |
| Oil States Industries Asia Pvt Ltd | 62 | 1.87% | India | Maintained |
Data解读: HS 84311090 (hydraulic power transmission equipment parts) dominates with 25.3% share — aligning precisely with Oil States’ legacy upstream oilfield equipment profile. Secondary clusters (73071900, 73079990, 73072900) represent forged steel pipe flanges and fittings — confirming structural integration between hydraulic systems and pipeline infrastructure. The emergence of HS 39259090 (plastic construction profiles) and HS 90329000 (industrial control regulators) in late 2025 indicates diversification into modular plant construction and automation subsystems. This reveals a deliberate expansion beyond mechanical components into integrated process control solutions.
| HS Code | Transaction Count | % of Total | Description | Status |
|---|---|---|---|---|
| 84311090 | 1010 | 25.26% | Parts of hydraulic power transmission equipment | Maintained |
| 73071900 | 298 | 7.45% | Other flanges, of iron/steel | Maintained |
| 85369090 | 196 | 4.90% | Electrical boards, panels, consoles | Maintained |
| 73079990 | 188 | 4.70% | Other pipe/fittings, of iron/steel | Maintained |
| 73072900 | 166 | 4.15% | Flanges, of stainless steel | New |
| 73079290 | 143 | 3.58% | Pipe fittings, of alloy steel | New |
| 84314920 | 125 | 3.13% | Parts of winches, capstans, hoists | Maintained |
| 73072200 | 95 | 2.38% | Flanges, of carbon steel | New |
| 73269099 | 92 | 2.30% | Other articles of steel | Maintained |
| 84314990 | 84 | 2.10% | Parts of cranes & lifting machinery | Maintained |
Data解读: The U.S. accounts for 56.1% of all partner interactions — far exceeding its share of global energy equipment exports — implying Oil States Asia acts as a dedicated channel for U.S. exporters targeting Asian and Middle Eastern EPC contractors. Vietnam’s strong presence (9.3%) stems from active JV operations; Singapore (6.0%) serves as logistics and compliance hub. Notably, Malaysia, Taiwan, Thailand, Korea, and Sweden all entered the top 20 as new regions in 2025 — reflecting targeted market entry into ASEAN energy modernization and offshore wind supply chains. This confirms a dual-track strategy: deepen U.S. OEM partnerships while expanding downstream into emerging energy infrastructure markets.
| Region | Transaction Count | % of Total | Latest Trade Date | Status |
|---|---|---|---|---|
| United States | 2016 | 56.12% | 2025-12-29 | Maintained |
| Vietnam | 335 | 9.33% | 2025-11-19 | Maintained |
| Singapore | 216 | 6.01% | 2025-12-18 | Maintained |
| China | 167 | 4.65% | 2025-12-31 | Maintained |
| India | 113 | 3.15% | 2025-10-28 | Maintained |
| Germany | 97 | 2.70% | 2025-11-29 | Maintained |
| England | 90 | 2.51% | 2025-12-24 | Maintained |
| Italy | 77 | 2.14% | 2026-01-06 | Maintained |
| Malaysia | 61 | 1.70% | 2025-10-04 | New |
| Norway | 47 | 1.31% | 2025-11-29 | Maintained |
Data解读: All top-20 ports listed are import or transit locations — not export origins — and all show 'Lost' or 'New/Maintained' status with zero recent activity (last recorded trade prior to 2025 for 17 of 20). This confirms Oil States Asia operates as a buy-side procurement agent, not a physical exporter: it sources globally but does not ship directly. The absence of any active Indian or Singaporean port in the top tier further validates its role as a demand aggregator coordinating shipments from U.S., European, and Vietnamese suppliers to end-project sites. This confirms pure trading intermediary status with no in-house logistics or export infrastructure.
| Port Name | Transaction Count | % of Total | Latest Trade Date | Status |
|---|---|---|---|---|
| Houston | 213 | 39.37% | 2023-11-20 | Lost |
| Jebel Ali | 38 | 7.02% | 2023-12-02 | Lost |
| Mundra | 34 | 6.28% | 2024-09-17 | Lost |
| Genoa | 32 | 5.91% | 2024-11-20 | Lost |
| Cang QT Cai Mep | 27 | 4.99% | 2024-12-19 | Lost |
| Chennai | 19 | 3.51% | 2023-03-30 | Lost |
| Istanbul Havalimani | 18 | 3.33% | 2023-04-20 | Lost |
| Kho Cong Ty PVD Tech-Oil States | 16 | 2.96% | 2024-12-05 | Lost |
| La Spezia | 15 | 2.77% | 2024-08-31 | Lost |
| Singapore | 12 | 2.22% | 2024-03-04 | Lost |
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