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

Argentina Crude Petroleum Export (HS 2709) Key Takeaways

Argentina's Crude Petroleum Export under HS Code 2709 in June 2025 was entirely concentrated in crude oil, with no product diversification, leaving revenues vulnerable to volatile global oil markets. Export value showed signs of recovery at $1.11B after sharp declines earlier in the year, reflecting ongoing market instability. Buyer risk remains high, dominated by a handful of major trading houses or refiners, while geographic exposure splits between the U.S. as a volume hub and Chile as a premium-priced destination. This analysis is based on cleanly processed Customs data from the yTrade database for June 2025.

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 globally traded commodity essential for energy production and industrial applications. Crude petroleum is a foundational input for refining into fuels, lubricants, and petrochemicals, driving consistent demand across transportation, manufacturing, and power generation sectors. Its market significance is underscored by its role in global energy security and economic stability.

Current Context and Strategic Position

The Harmonized Tariff Schedule of the United States (2025) Revision 5 [USITC] reflects ongoing adjustments to trade policies, potentially impacting crude oil markets. Argentina's Crude Petroleum Export remains strategically vital, leveraging its resource-rich Vaca Muerta shale formation to meet global demand. As a key supplier, Argentina's trade dynamics under HS Code 2709 are influenced by geopolitical shifts, energy transitions, and pricing volatility. Monitoring hs code 2709 trade data is critical for stakeholders navigating this evolving landscape.

Argentina Crude Petroleum Export (HS 2709) Price Trend

Key Observations

Argentina's Crude Petroleum exports under HS code 2709 saw a partial recovery in June 2025, with export value reaching $1.11B USD. This follows a steep contraction in April and a significantly lower base in May.

Price and Volume Dynamics

The Argentina Crude Petroleum Export trend showed pronounced volatility through the first half of 2025. After a sharp decline in April, export value fell further in May before improving in June. This pattern suggests market recalibration, possibly influenced by shifting global crude demand or domestic production adjustments. The sequential rise from May to June may reflect renewed buying interest or logistical recovery, though values remain well below the peaks seen early in the year. The hs code 2709 value trend highlights the sensitivity of Argentina's exports to broader oil market dynamics, including OPEC+ supply policies and refining demand cycles.

Argentina Crude Petroleum Export (HS 2709) HS Code Breakdown

Product Specialization and Concentration

According to yTrade data, Argentina's export activities under HS Code 2709 in June 2025 are entirely dominated by a single product: crude petroleum oils, specifically under sub-code 27090010900. This product accounts for all exported value, weight, and quantity, indicating a market with no diversification and a strong focus on bulk commodity trade. The unit price is not available, but the complete concentration underscores Argentina's role as a specialized exporter of raw materials in this category.

Value-Chain Structure and Grade Analysis

The absence of other sub-codes means the export structure for HS Code 2709 from Argentina is monolithic, consisting solely of crude petroleum in its raw form. This points to a trade in fungible bulk commodities, where products are homogeneous and typically priced against global benchmarks like oil indices, rather than involving differentiated grades or value-added processing stages.

Strategic Implication and Pricing Power

For Argentina's HS Code 2709 export strategy, the high concentration in crude petroleum implies limited pricing power, as revenues are tied to volatile international oil markets. Strategic focus should prioritize cost efficiency in production and logistics, along with diversifying trade partnerships to buffer against price swings and enhance market stability.

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

Argentina's Crude Petroleum exports in June 2025 were highly concentrated. The United States was the dominant volume buyer, taking 59.38% of the total quantity shipped. However, Chile was the top value partner, accounting for 39.14% of the total export value. This gap between Chile's high value share and its lower quantity share points to a trade of higher-grade crude or more favorable pricing terms with that partner.

Destination Countries Clusters and Underlying Causes

The trade flow forms three clear clusters. The first is a Volume/Hub cluster, consisting of the United States and the United Arab Emirates. Their massive quantity shares suggest they are major processing or re-export centers for bulk crude. The second is a High-Yield cluster with only Chile, where the value concentration indicates a premium market. The final cluster is Transactional, including Brazil and the Netherlands. Their high shipment frequency relative to volume implies regular, smaller shipments that could be tied to specific refinery needs or regional supply chains.

Forward Strategy and Supply Chain Implications

For Argentina's Crude Petroleum export strategy, the priority should be to secure the premium pricing seen with the Chilean market. Concurrently, supply chains must be optimized to efficiently handle the large-volume shipments demanded by partners like the United States. This means ensuring reliable logistics and port infrastructure to maintain these key bulk relationships. Analyzing HS Code 2709 trade data shows that nurturing these distinct market segments is crucial for maximizing returns from Argentina's Crude Petroleum shipments.

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 Argentina Crude Petroleum Export buyer market in June 2025 is concentrated. A small group of high-value, low-frequency buyers dominates the trade value. This means the typical trade for Argentina Crude Petroleum Export involves large, infrequent shipments. These major buyers account for the bulk of the export earnings.

Strategic Buyer Clusters and Trade Role

The profile of HS code 2709 buyers indicates an intermediated, agent-driven market. The dominant high-value, low-frequency group likely consists of large trading houses or major refiners purchasing bulk cargoes. The other three segments of buyers include some regular smaller-volume purchasers and occasional buyers, but they play a secondary role in the overall trade structure for this commodity.

Sales Strategy and Vulnerability

For Argentina's Crude Petroleum Export sales strategy, the focus must be on maintaining strong relationships with the few major buyers. The high dependence on this cluster creates vulnerability to contract renegotiations or demand shifts from these key players. The sales model should prioritize secure, long-term contracts to ensure stable export volume and revenue, given the concentrated nature of the hs code 2709 trade data.

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Action Plan for Crude Petroleum Market Operation and Expansion

• Use hs code 2709 trade data to identify and onboard new mid-sized buyers to reduce over-reliance on a few major clients; this diversifies revenue streams and protects the Argentina Crude Petroleum Export from demand shocks.
• Negotiate long-term contracts with the Chilean market using grade and pricing data to secure premium pricing; this maximizes value from the Argentina Crude Petroleum Export by locking in higher margins.
• Optimize the Crude Petroleum supply chain for large-volume shipments to the US and UAE by investing in port and logistics efficiency; this ensures reliable delivery to high-volume partners and maintains Argentina's role as a key supplier.
• Continuously monitor hs code 2709 trade data for shifts in global oil prices and competitor activity to time spot market sales; this allows for capitalizing on price spikes and improves overall revenue capture for Argentina's Crude Petroleum Export.

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 June?

Argentina's Crude Petroleum exports showed partial recovery in June 2025 after steep declines in April and May, likely due to shifting global demand or domestic production adjustments. The volatility reflects sensitivity to broader oil market dynamics like OPEC+ policies and refining cycles.

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

The United States (59.38% of volume) and Chile (39.14% of value) dominated exports, followed by the UAE, Brazil, and the Netherlands. Chile’s high value share suggests premium pricing or higher-grade crude.

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

Price differences stem from Chile’s premium market (higher-grade crude or favorable terms) versus bulk shipments to the US and UAE, which act as processing or re-export hubs for homogeneous crude.

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

Exporters must prioritize long-term contracts with major buyers (trading houses/refiners) to stabilize revenue, while optimizing logistics for bulk shipments and securing premium pricing in markets like Chile.

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

Major buyers (e.g., US, UAE) benefit from reliable bulk supply, while Chile gains higher-value crude. Smaller buyers (Brazil, Netherlands) access tailored shipments but hold secondary trade roles.

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

Argentina’s exports consist solely of raw crude oil (HS 27090010900), traded as a fungible bulk commodity for refining or re-export, with pricing tied to global benchmarks.