Argentina Crude Petroleum Export Market -- HS Code 2709 Trade Data & Price Trend (Apr 2025)

Argentina Crude Petroleum Export (HS 2709) Key Takeaways

Argentina's Crude Petroleum Export under HS Code 2709 in April 2025 is entirely crude oil, a bulk commodity with pricing tied to global indices. Export value rebounded 16.5% month-over-month to $3.89B, signaling recovery after a quarterly decline. The market relies heavily on the U.S. (49.3% of value) and Chile (32.7%), with Chile paying premium prices for higher-grade crude. Buyer concentration risks remain unassessed due to missing data. This analysis, covering April 2025, is based on processed Customs data from the yTrade database.

Argentina Crude Petroleum Export (HS 2709) Background

What is HS Code 2709?

HS Code 2709 refers to Petroleum oils and oils obtained from bituminous minerals, crude, a critical commodity in global energy markets. This product is primarily used as a feedstock for refining into fuels, lubricants, and petrochemicals, driving consistent demand across industries like transportation, manufacturing, and power generation. Its trade is heavily influenced by geopolitical dynamics, production quotas, and global oil price fluctuations.

Current Context and Strategic Position

The recent Harmonized Tariff Schedule of the United States (2025) Revision 5 [USITC] highlights ongoing adjustments to trade policies, underscoring the need for vigilance in tracking hs code 2709 trade data. Argentina's Crude Petroleum Export plays a strategic role, leveraging its vast Vaca Muerta shale reserves to meet global demand amid shifting energy policies. As a key supplier, Argentina’s export volumes and pricing trends are critical indicators for regional and global market stability. Monitoring these flows is essential for stakeholders navigating the evolving trade landscape.

Argentina Crude Petroleum Export (HS 2709) Price Trend

Key Observations

Argentina's crude petroleum exports in April 2025 reached 3.89 billion USD, with a unit price of 1.13 USD per kilogram, signaling a rebound from the downward trend observed in the first quarter. This performance represents a recovery in export value after a consecutive decline from January's 4.25 billion USD, highlighting a shift in market dynamics for HS code 2709.

Price and Volume Dynamics

The Argentina Crude Petroleum Export trend demonstrated a sequential improvement in April, with export value rising by 16.5% month-over-month from March's 3.34 billion USD, driven by a substantial increase in volume to 3.42 billion kilograms despite a lower unit price. This volume-driven growth suggests a strategic push to capitalize on market opportunities, possibly reflecting adjustments to global supply-demand balances or competitive pricing pressures. Recent revisions to the U.S. Harmonized Tariff Schedule [U.S. International Trade Commission] may have introduced uncertainties affecting trade costs, contributing to the observed volatility in export metrics. The hs code 2709 value trend indicates a potential stabilization as Argentina aligns its export strategy with evolving international trade conditions.

Argentina Crude Petroleum Export (HS 2709) HS Code Breakdown

Product Specialization and Concentration

The export market for Argentina under HS Code 2709 in April 2025 is completely dominated by a single product: crude petroleum oils. According to yTrade data, this sub-code accounts for 100% of the export value, weight, and quantity, with a unit price of 1.13 US dollars per kilogram, indicating a high-volume, low-value bulk commodity specialization.

Value-Chain Structure and Grade Analysis

The entire export structure consists of crude petroleum oils, which are traded as a fungible bulk commodity without significant value-added processing. This homogeneous product type is typically linked to global oil price indices, reflecting a market driven by standardized grades rather than differentiated qualities or forms.

Strategic Implication and Pricing Power

Exporters face limited pricing power due to the commodity nature of crude petroleum, making them price-takers influenced by international market fluctuations. Strategic focus should prioritize cost-efficient extraction and logistics, as well as monitoring global oil demand trends to optimize timing and volume for Argentina's HS Code 2709 exports.

Table: Argentina HS Code 2709) Breakdown Details (Source: yTrade)

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Argentina Crude Petroleum Export (HS 2709) Destination Countries

Geographic Concentration and Dominant Role

In April 2025, the UNITED STATES was the top destination for Argentina's Crude Petroleum exports, accounting for 49.31% of the total value. The weight share for the US was higher at 54.27%, suggesting bulk shipments of lower-priced crude oil. Chile followed with a value share of 32.70%, which exceeded its weight share of 27.40%, indicating exports of higher-grade or premium crude. Frequency shares were also high for both countries, with the US at 48.39% and Chile at 26.21%, pointing to regular and frequent shipping schedules typical for commodity trade.

Destination Countries Clusters and Underlying Causes

The export partners for Argentina's Crude Petroleum can be grouped into two main clusters based on share profiles. The High-Yield Cluster includes Chile and Australia, where value shares outpace weight shares, likely due to demand for specific, higher-quality oil grades. The Volume Cluster consists of the United States, United Arab Emirates, and Netherlands, where weight shares dominate, reflecting their role as major bulk buyers or processing hubs for raw crude. The high frequency from the US and Chile aligns with established trade routes and regular shipment patterns in the oil industry.

Forward Strategy and Supply Chain Implications

To enhance Argentina's Crude Petroleum export performance, focus should be on maintaining relationships with high-value markets like Chile, while optimizing logistics for bulk buyers such as the US to reduce costs. Supply chain efforts could prioritize efficient shipping schedules to capitalize on frequent trade flows. Analyzing trade data for HS Code 2709 reveals opportunities to leverage existing clusters for better market positioning without major shifts, based on the current distribution.

Table: Argentina Crude Petroleum (HS 2709) Top Destination Countries (Source: yTrade)

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Argentina Crude Petroleum (HS 2709) Buyers Analysis

Buyer Market Concentration and Dominance

The market structure for Argentina Crude Petroleum Export buyers in April 2025 cannot be analyzed as the required data on buyer categorization based on value and frequency is missing from the input. According to yTrade data, this segmentation is essential to identify the dominant cluster and define the typical trade profile for this market.

Strategic Buyer Clusters and Trade Role

Without the specific data on the four segments of buyers, it is not possible to analyze the commercial persona of the dominant group or interpret the profile of HS code 2709 buyers. The characteristics of these clusters are needed to determine if the market is intermediated, state-controlled, or direct-to-factory.

Sales Strategy and Vulnerability

Implications for sales strategy and risk assessment for Argentina's Crude Petroleum Export cannot be provided due to the absence of buyer cluster data. A complete analysis of the hs code 2709 trade data is required to formulate any strategic focus or identify vulnerabilities for the exporter.

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Action Plan for Crude Petroleum Market Operation and Expansion

• Prioritize higher-value markets like Chile and Australia by analyzing HS code 2709 trade data for quality-based pricing, as this directly increases revenue per shipment for Argentina’s Crude Petroleum Export.
• Optimize shipping and storage logistics for bulk-volume partners like the US to reduce per-unit costs, strengthening the Crude Petroleum supply chain’s efficiency for high-frequency routes.
• Diversify export destinations gradually using trade flow analytics to reduce dependency on single markets, mitigating geopolitical or demand risks for Argentina’s Crude Petroleum Export.
• Monitor real-time HS code 2709 trade data and global oil indices to time shipments to price peaks, capturing marginal gains despite the commodity nature of crude oil.

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Frequently Asked Questions

Q1. What is driving the recent changes in Argentina Crude Petroleum Export 2025 April?

A1. Argentina's crude petroleum exports rebounded in April 2025, with a 16.5% month-over-month value increase to 3.89 billion USD, driven by higher shipment volumes (3.42 billion kg) despite lower unit prices (1.13 USD/kg). This suggests a strategic volume push amid global oil market fluctuations.

Q2. Who are the main destination countries of Argentina Crude Petroleum (HS Code 2709) 2025 April?

A2. The United States (49.31% value share) and Chile (32.70% value share) dominate Argentina’s crude petroleum exports, followed by Australia, the UAE, and the Netherlands, forming distinct high-yield and bulk-volume clusters.

Q3. Why does the unit price differ across destination countries of Argentina Crude Petroleum Export?

A3. Price differences stem from grade specialization: Chile and Australia buy higher-grade crude (higher value-to-weight ratios), while the US and UAE focus on bulk shipments of lower-priced crude, reflecting their roles as processing hubs.

Q4. What should exporters in Argentina focus on in the current Crude Petroleum export market?

A4. Exporters should prioritize cost-efficient logistics for bulk buyers (e.g., the US) while nurturing high-value markets (e.g., Chile) and monitoring global oil demand trends to optimize shipment timing and volume.

Q5. What does this Argentina Crude Petroleum export pattern mean for buyers in partner countries?

A5. Buyers benefit from stable, frequent shipments (especially from the US and Chile), with bulk purchasers securing cost advantages and high-yield markets accessing premium crude grades tailored to their needs.

Q6. How is Crude Petroleum typically used in this trade flow?

A6. Crude petroleum is traded as a bulk commodity for refining into fuels and petrochemicals, with Argentina’s exports primarily serving global energy and industrial supply chains.