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

Argentina Crude Petroleum Export (HS 2709) Key Takeaways

Argentina's Crude Petroleum Export under HS code 2709 in January 2025 was entirely concentrated in crude oil, a bulk commodity with pricing tied to global benchmarks. The market showed steady momentum, with exports valued at $4.25 billion, reflecting stable demand and unchanged trade policies. Buyer data was unavailable, limiting risk assessment, but geographic analysis revealed heavy reliance on the U.S. (47.65% weight share) and Chile (43.38% value share), highlighting dual bulk and premium-grade demand. This analysis covers January 2025 and 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 covers petroleum oils and oils obtained from bituminous minerals, crude, a critical commodity in global energy markets. This product is primarily refined into fuels and petrochemicals, driving demand across transportation, manufacturing, and industrial sectors. Its trade volume and price stability are closely tied to geopolitical dynamics and energy policies worldwide.

Current Context and Strategic Position

In late 2025, Argentina eliminated an 8% export tax on conventional crude oil (HS 2709) to boost production and competitiveness, particularly in key provinces like Chubut [S&P Global]. This policy shift aligns with broader efforts to incentivize energy exports and attract investment. Argentina’s crude petroleum exports are strategically significant due to the country’s untapped reserves and proximity to major markets. Monitoring hs code 2709 trade data is essential to assess the impact of these reforms and Argentina’s evolving role in global oil trade. Vigilance is warranted as policy adjustments and commodity price fluctuations could reshape trade flows.

(Note: Competitor sources were excluded from citations.)

Argentina Crude Petroleum Export (HS 2709) Price Trend

Key Observations

Argentina's Crude Petroleum exports under HS code 2709 reached a value of $4.25 billion in January 2025, marking a strong start to the year for the sector.

Price and Volume Dynamics

This performance continues the positive momentum from late 2024, with the Argentina Crude Petroleum Export trend reflecting steady global oil demand and stable production outputs. The hs code 2709 value trend indicates consistent export flows, supported by unchanged trade policies at the beginning of the year.

External Context and Outlook

Without significant policy shifts in early 2025, the export environment was likely shaped by macro-economic factors such as currency exchange rates and international oil price fluctuations, which maintained competitiveness for Argentine crude in global markets.

Argentina Crude Petroleum Export (HS 2709) HS Code Breakdown

Product Specialization and Concentration

Argentina's export under HS Code 2709 in January 2025 is entirely dominated by crude petroleum oils, with no other product types present. According to yTrade data, this single sub-code accounts for 100% of the export value and weight, highlighting a complete market concentration. The unit price of 1.28 USD per kilogram confirms its nature as a bulk commodity.

Value-Chain Structure and Grade Analysis

The export structure for Argentina's HS Code 2709 is straightforward, consisting solely of crude petroleum oils, which are raw materials traded as fungible commodities. This implies that trade is driven by global oil price benchmarks and basic quality grades, rather than value-added processing or product differentiation.

Strategic Implication and Pricing Power

Given the high concentration in a single commodity, Argentina's pricing power for HS Code 2709 exports is heavily tied to international crude oil markets. Businesses should prioritize monitoring global price trends and optimizing logistics, as there is no product diversification to buffer against market fluctuations.

Check Detailed HS Code 2709 Breakdown

Argentina Crude Petroleum Export (HS 2709) Destination Countries

Geographic Concentration and Dominant Role

In January 2025, Argentina's Crude Petroleum exports were highly concentrated, with the United States and Chile as the dominant destinations. The United States held the largest weight share at 47.65%, indicating bulk trade, while Chile led in value share at 43.38%, suggesting a focus on higher-grade crude due to its value share exceeding weight share. Both countries showed high frequency shares—41.95% for the United States and 31.22% for Chile—pointing to regular, large-scale shipments. This disparity highlights that Argentina's Crude Petroleum trade involves both bulk movements and premium quality demand.

Destination Countries Clusters and Underlying Causes

The export partners for Argentina's Crude Petroleum form three clusters based on share profiles. The Volume/Hub Cluster includes the United States, with its dominant weight share of 47.65%, reflecting its role as a major processing or consumption hub for bulk crude. The High-Yield Cluster features Chile, where the value share of 43.38% outpaces its weight share of 38.94%, indicating demand for higher-quality crude oils. The Transactional Cluster involves Brazil, with a frequency share of 15.61% disproportionate to its value and weight shares around 4.5%, suggesting smaller, frequent shipments likely for regional supply chain needs. Other countries like India and Netherlands show balanced but minor roles.

Forward Strategy and Supply Chain Implications

For forward strategy, Argentina should prioritize maintaining high-value markets like Chile by ensuring quality consistency, while optimizing logistics for bulk buyers like the United States to reduce costs. The supply chain implications include focusing on efficient transport for high-volume routes and leveraging frequent shipments to Brazil for regional stability. Given the data for January 2025, no relevant policy changes from the news context apply, as all cited events occurred after the analysis period.

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

Get Complete Destination Countries Profile

Argentina Crude Petroleum (HS 2709) Buyers Analysis

Buyer Market Concentration and Dominance

The buyer cluster data for Argentina Crude Petroleum Export in January 2025 is not provided. According to yTrade data, the values for the four segments of buyers are missing, so the market structure and dominant cluster cannot be identified for this period.

Strategic Buyer Clusters and Trade Role

Without the specific data, the strategic roles of the buyer clusters for HS code 2709 trade data cannot be determined. For crude petroleum, buyers often include large trading entities or end-users, but without details, the commercial persona remains unclear.

Sales Strategy and Vulnerability

Due to the absence of buyer cluster data, sales strategy and vulnerability assessments for Argentina Crude Petroleum Export cannot be developed. Please provide the complete data for accurate analysis and strategic insights.

Check Full Crude Petroleum Buyer lists

Action Plan for Crude Petroleum Market Operation and Expansion

Strategic Supply Chain Overview

Argentina's Crude Petroleum Export is a pure commodity play. The hs code 2709 trade data shows a 100% concentration in crude oil. This drives prices from global benchmarks like Brent and WTI. The Crude Petroleum supply chain faces high volatility risk. Geographic data reveals two key buyer types. The United States acts as a bulk processing hub. Chile seeks higher-grade crude for premium value. This split defines the supply chain. It must balance volume efficiency with quality consistency.

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

• Monitor real-time global crude indexes daily. This allows dynamic price adjustments for Argentina Crude Petroleum Export contracts. It protects margins against sudden market shifts.
• Segment shipments by destination quality demands. Use hs code 2709 trade data to prioritize higher-grade crude for Chile. This maximizes value capture from premium markets.
• Optimize logistics for high-volume US routes. Negotiate long-term freight contracts for bulk shipments. This reduces unit transport costs within the Crude Petroleum supply chain.
• Diversify buyers using trade intelligence platforms. Identify new importers of similar crude grades. This mitigates over-reliance on current dominant partners.
• Implement quality tracking from wellhead to port. Ensure consistent grade specifications for each shipment. This maintains reputation and pricing power in key markets.

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 January?

Argentina's Crude Petroleum exports in January 2025 were driven by steady global oil demand and stable production, with no major policy shifts affecting trade flows. The $4.25 billion export value reflects consistent momentum from late 2024.

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

The United States (47.65% weight share) and Chile (43.38% value share) dominated Argentina’s Crude Petroleum exports, followed by Brazil with smaller but frequent shipments (15.61% frequency share).

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

Price differences stem from trade dynamics: Chile’s higher value share suggests demand for premium-grade crude, while the U.S. bulk shipments reflect a focus on volume at a lower unit price.

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

Exporters should prioritize quality consistency for high-value markets like Chile and optimize logistics for bulk buyers like the U.S. to reduce costs and maintain competitiveness.

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

Buyers in Chile can expect reliable high-grade crude, while U.S. buyers benefit from large-volume shipments. Brazil’s frequent, smaller shipments suit regional supply chain needs.

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

Argentina’s Crude Petroleum exports are raw, fungible commodities primarily used for refining into fuels, lubricants, or petrochemical feedstocks in destination markets.