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

Argentina Crude Petroleum Export (HS 2709) Key Takeaways

Argentina's Crude Petroleum exports under HS code 2709 in February 2025 were dominated by a single bulk-grade crude, with Chile as the top destination (41.4% of value), reflecting stable demand for higher-quality shipments. The market saw a 12.2% monthly decline in value, aligning with global oil volatility, though buyer concentration risks remain unclear due to missing data. This analysis, covering February 2025, is based on cleanly 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 the foundation for refining into fuels, lubricants, and petrochemicals, driving demand across transportation, manufacturing, and energy sectors. Its trade is heavily influenced by geopolitical dynamics, production quotas, and global oil price fluctuations.

Current Context and Strategic Position

In 2025, Argentina eliminated export duties on crude oil (HS Code 2709) to boost production and competitiveness, as part of broader economic reforms [KPMG]. This policy shift aligns with efforts to capitalize on rising global energy demand and strengthen Argentina's position as a key crude petroleum exporter. The country’s vast shale reserves, particularly in the Vaca Muerta region, underscore its strategic significance in the global oil trade. Monitoring Argentina's crude petroleum export trends under this new policy framework is essential for stakeholders tracking HS Code 2709 trade data and energy market dynamics.

Argentina Crude Petroleum Export (HS 2709) Price Trend

Key Observations

In February 2025, Argentina's Crude Petroleum exports under HS code 2709 reached a value of $3.73 billion USD, with a unit price of $1.27 per kg. This performance marks a decrease from the previous month, reflecting a downturn in both value and volume.

Price and Volume Dynamics

The Argentina Crude Petroleum Export trend showed a sequential decline from January to February, with value dropping by 12.2% and weight falling by 11.2%, while the unit price edged down slightly. This contraction aligns with typical volatility in global oil markets, where short-term supply adjustments or price sensitivity can lead to monthly fluctuations. The hs code 2709 value trend indicates a cooling off after a stronger start to the year, possibly due to inventory management or seasonal demand shifts in key importing regions.

External Context and Outlook

Without specific policy changes impacting this period, the export dynamics may be influenced by broader macro-economic factors such as currency fluctuations or global oil price movements. Argentina's export landscape often responds to international demand cycles, and the early 2025 performance could set the stage for later adjustments based on evolving market conditions.

Argentina Crude Petroleum Export (HS 2709) HS Code Breakdown

Product Specialization and Concentration

In February 2025, Argentina's export of crude petroleum under HS Code 2709 is heavily concentrated in a single product grade. According to yTrade data, the sub-code for 'Oils; petroleum oils and oils obtained from bituminous minerals, crude' (27090010900) dominates with a unit price of 1.27 USD per kilogram, accounting for virtually all the trade by weight and value. Two minor sub-codes with unit prices of 4.91 and 32.43 USD per kilogram are present but are isolated anomalies due to their insignificant shares.

Value-Chain Structure and Grade Analysis

The export structure for HS Code 2709 is defined by a high-volume, standard grade of crude oil, which functions as a fungible bulk commodity typically traded on global indices. The anomalous sub-codes, with their higher unit prices, may represent rare or specialized grades, but they are not part of the core market and do not indicate a diversified value-add stage.

Strategic Implication and Pricing Power

This concentration means that Argentina's pricing power for HS Code 2709 exports is closely aligned with world crude oil prices, leaving little room for premium strategies. Businesses should focus on cost efficiency and volume management for the dominant grade, as shifts in global demand will directly impact returns. Analysis of HS Code 2709 trade data confirms a commodity-driven market with minimal differentiation.

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Argentina Crude Petroleum Export (HS 2709) Destination Countries

Geographic Concentration and Dominant Role

CHILE is the dominant destination for Argentina's Crude Petroleum exports in February 2025, accounting for 41.42% of the total export value. CHILE's value share of 41.42% exceeds its weight share of 36.49%, indicating strong demand for higher-grade crude oil from Argentina. The high frequency share of 34.92% suggests regular and frequent shipments, supporting stable trade flows for HS Code 2709.

Destination Countries Clusters and Underlying Causes

The top destinations form three clusters based on trade patterns. The High-Yield Cluster includes CHILE and PERU, where value shares surpass weight shares, pointing to premium crude oil demand. The Volume/Hub Cluster comprises UNITED ARAB EMIRATES, URUGUAY, AUSTRALIA, and NETHERLANDS, where weight shares dominate value shares, reflecting bulk trade for processing or re-export hubs. The Transactional Cluster features CHILE, UNITED STATES, and NETHERLANDS with high frequency shares, indicating established, regular supply chains common in commodity trades like crude oil.

Forward Strategy and Supply Chain Implications

Argentina should prioritize maintaining high-margin markets like CHILE by ensuring quality consistency for Crude Petroleum. For volume buyers such as UNITED ARAB EMIRATES, optimizing logistics and bulk shipping efficiencies can reduce costs. The trade data for HS Code 2709 shows no need for immediate policy shifts, but monitoring cluster trends will aid in supply chain resilience.

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

According to yTrade data, the buyer cluster information for Argentina Crude Petroleum Export in February 2025 is not provided, so the market structure and dominant buyer group cannot be determined. Without this data, it is impossible to identify the typical trade patterns or value shares for the four segments of buyers in the Argentina Crude Petroleum Export market.

Strategic Buyer Clusters and Trade Role

The characteristics of the buyer clusters for hs code 2709 trade data are not available from the provided yTrade data. Generally, for crude petroleum exports, buyers often include large oil companies or trading firms, but without specific data, the commercial persona—whether intermediated, state-controlled, or direct—cannot be confirmed for Argentina's exports in February 2025.

Sales Strategy and Vulnerability

Without buyer cluster data, sales strategy implications for Argentina Crude Petroleum Export cannot be derived. Risks and opportunities remain unclear, and no news context from before or during February 2025 is available to support analysis, leaving strategic focus undetermined.

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Action Plan for Crude Petroleum Market Operation and Expansion

Strategic Supply Chain Overview

Argentina's Crude Petroleum Export market operates as a pure commodity play. The hs code 2709 trade data reveals a single, dominant grade of crude oil. This structure means pricing is almost entirely driven by global oil indices. Argentina holds no meaningful pricing power. The Crude Petroleum supply chain is built for bulk, high-volume shipments to a few key destinations. Chile is the premium market, paying more per unit. Other buyers, like the UAE, act as volume hubs. The core risk is Argentina's complete exposure to global oil price swings. The supply chain must prioritize cost-efficient logistics and secure buyer relationships to mitigate this volatility.

Action Plan: Data-Driven Steps for Crude Petroleum Market Execution and Expansion

• Use hs code 2709 trade data to track Chile’s purchase frequency and unit price. This will help anticipate demand shifts and protect the highest-margin relationship for Argentina's Crude Petroleum Export.
• Analyze shipment sizes and routes to volume hubs like the UAE. Optimize vessel capacity and logistics to reduce per-unit transport costs across the Crude Petroleum supply chain.
• Acquire and monitor buyer cluster data immediately. Identify the commercial entities behind each purchase to understand contract structures and reduce reliance on spot market volatility.
• Benchmark the unit price of Argentina's dominant crude grade against Brent or WTI daily. This will provide real-time awareness of your market position and help in contract negotiations.

Take Action Now —— Explore Argentina Crude Petroleum Export Data

Frequently Asked Questions

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

Argentina's crude petroleum exports declined by 12.2% in value and 11.2% in volume from January to February 2025, reflecting typical volatility in global oil markets. The dip aligns with short-term demand shifts or inventory adjustments in key importing regions.

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

Chile dominates with a 41.42% value share, followed by Peru and the UAE. These countries form distinct clusters—Chile and Peru prioritize premium grades, while the UAE focuses on bulk trade.

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

The standard bulk grade (sub-code 27090010900) trades at $1.27/kg, while rare specialized grades (e.g., $32.43/kg) are anomalies. Chile and Peru’s higher value shares suggest demand for premium crude.

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

Prioritize cost efficiency for the dominant bulk grade ($1.27/kg) and maintain quality consistency for high-margin markets like Chile. Optimize logistics for volume hubs like the UAE.

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

Chilean and Peruvian buyers secure premium crude, while UAE and other volume hubs benefit from stable bulk supply. The lack of buyer concentration data limits strategic insights for intermediaries.

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

Argentina’s crude petroleum is primarily a fungible bulk commodity, traded globally for refining into fuels or petrochemicals. Rare specialized grades may serve niche industrial applications.