Argentina Crude Petroleum Export Market -- HS Code 2709 Trade Data & Price Trend (Q2 2025)

Argentina Crude Petroleum Export (HS 2709) Key Takeaways

Argentina's Crude Petroleum exports under HS Code 2709 in Q2 2025 were entirely concentrated in unrefined bulk crude, with no product diversification, leaving pricing vulnerable to global benchmarks. Export values plummeted from April's $3.89B to just $1.02B in May, reflecting extreme volatility tied to regulatory shifts and market instability. The U.S. dominated as the bulk buyer (68% of volume), while Chile emerged as the premium market, paying significantly higher prices despite minimal volume share. This analysis, covering 2025 Q2, 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 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

Recent updates to the Harmonized Tariff Schedule of the United States (2025) Revision 5 [USITC] highlight ongoing adjustments to trade classifications, potentially impacting Argentina's Crude Petroleum Export flows. As a key supplier, Argentina leverages its vast reserves to meet global demand, particularly amid fluctuating oil prices and geopolitical shifts. Monitoring HS Code 2709 trade data is critical for stakeholders to navigate tariff changes and optimize supply chains. Argentina's strategic position in the crude oil market underscores the need for vigilance in tracking export trends and policy developments.

Argentina Crude Petroleum Export (HS 2709) Price Trend

Key Observations

Argentina's Crude Petroleum Export value in Q2 2025 showed a sharp decline, with exports dropping to 1.02 billion USD in May and 1.11 billion USD in June, down significantly from 3.89 billion USD in April.

Price and Volume Dynamics

The Argentina Crude Petroleum Export trend exhibited volatility leading into Q2, with value decreasing from 4.25 billion USD in January to 3.34 billion USD in March before a brief uptick in April. This instability aligns with the Harmonized Tariff Schedule revision in March [USITC], which may have introduced trade policy uncertainties affecting export flows. The subsequent plunge in May and modest recovery in June reflect ongoing adjustments in global oil market dynamics and potential shifts in export strategies. The hs code 2709 value trend underscores the sensitivity of crude petroleum to regulatory changes and macroeconomic factors.

Argentina Crude Petroleum Export (HS 2709) HS Code Breakdown

Product Specialization and Concentration

According to yTrade data for 2025 Q2, Argentina's export under HS Code 2709 is entirely concentrated in a single product: crude petroleum oils, specifically "Oils; petroleum oils and oils obtained from bituminous minerals, crude". This sub-code accounts for 100% of both the value and weight exported, with a unit price of 1.76 USD per kilogram, indicating a highly specialized trade in unrefined bulk commodity without any price anomalies or variations.

Value-Chain Structure and Grade Analysis

The structure of HS Code 2709 exports from Argentina consists solely of crude petroleum, which is a raw, unprocessed material. This absence of other sub-codes suggests a trade focused on a single grade of bulk commodity, typical for fungible goods like crude oil that are often priced against global benchmarks rather than being differentiated by value-add stages or quality tiers.

Strategic Implication and Pricing Power

For market players, Argentina's export profile under HS Code 2709 implies limited pricing power due to its reliance on a undifferentiated bulk product. Strategic focus should be on optimizing production costs and volume to compete in global markets, as prices are likely influenced by external indices rather than product differentiation. Analysis of HS Code 2709 trade data shows a need for potential diversification into higher-value refined products to enhance competitiveness.

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

Check Detailed HS Code 2709 Breakdown

Argentina Crude Petroleum Export (HS 2709) Destination Countries

Geographic Concentration and Dominant Role

Argentina's Crude Petroleum exports in Q2 2025 were heavily concentrated. The United States was the dominant destination, accounting for 43.81% of the total export value and a massive 68.17% of the quantity. This large gap between its quantity share and value share indicates the US primarily imports large volumes of lower-value, bulk crude. Chile was the second-largest partner by value, with a 37.09% share, but it only accounted for 0.82% of the quantity. This huge disparity shows Chile pays a significantly higher price per kilogram, suggesting it imports a more premium or specialized grade of crude.

Destination Countries Clusters and Underlying Causes

The top destinations form three clear clusters. The US is the sole "Volume Cluster," acting as the primary bulk buyer. Chile stands alone as the "High-Yield Cluster," representing Argentina's most profitable market for Crude Petroleum due to its premium pricing. A third "Volume Cluster" includes the UAE, Uruguay, and Australia; together they account for nearly 20% of the export quantity but at lower average values, indicating these are also bulk shipments of standard crude. A final "Transactional Cluster" features Brazil and the Netherlands, characterized by high shipment frequency (over 100 combined transactions) but smaller volumes, pointing to more regular, smaller-scale shipments, potentially for refining or redistribution.

Forward Strategy and Supply Chain Implications

For Argentina's Crude Petroleum export strategy, the priority should be to secure and expand high-margin relationships like the one with Chile. Protecting this premium market is crucial for revenue. Logistics can be optimized for the high-volume flows to the US and other bulk buyers, focusing on cost-efficient large-scale shipments. The frequent, smaller shipments to partners like Brazil and the Netherlands require a reliable and flexible supply chain to maintain these steady revenue streams. The provided news on US tariff schedules does not offer direct insight into these specific trade flows for the analysis period.

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

Get Complete Destination Countries Profile

Action Plan for Crude Petroleum Market Operation and Expansion

• Diversify into refined petroleum products using hs code 2709 trade data to identify higher-value export opportunities, because Argentina's Crude Petroleum Export currently relies solely on low-margin bulk crude.
• Optimize the Crude Petroleum supply chain for high-volume routes like the US by securing long-term shipping contracts, to reduce per-unit logistics costs and protect bulk revenue streams.
• Protect and expand premium market relationships like Chile by negotiating fixed-price contracts, as these high-yield buyers significantly boost Argentina Crude Petroleum Export profitability.
• Analyze transactional cluster data (e.g., Brazil, Netherlands) to ensure flexible, smaller-scale shipping options, maintaining steady cash flow and supply chain resilience for Argentina's exports.
• Continuously monitor global crude indices and geopolitical risks using hs code 2709 trade data, to anticipate price shifts and adjust export timing for maximum margin protection.

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 Q2?

Argentina's Crude Petroleum exports dropped sharply in Q2 2025, from 3.89 billion USD in April to 1.02 billion USD in May, likely due to global oil market volatility and potential trade policy uncertainties from US tariff revisions in March.

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

The US (43.81% by value, 68.17% by quantity) and Chile (37.09% by value, 0.82% by quantity) dominate Argentina's Crude Petroleum exports, with the UAE, Uruguay, and Australia forming a secondary bulk-buyer cluster.

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

Chile pays a premium price for specialized crude, while the US and other bulk buyers purchase lower-value, standard-grade crude at a lower unit price (1.76 USD/kg).

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

Exporters should prioritize high-margin markets like Chile, optimize logistics for bulk buyers (e.g., the US), and ensure flexible supply chains for frequent smaller shipments (e.g., Brazil, Netherlands).

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

US buyers benefit from stable bulk supply at competitive prices, while Chilean buyers secure premium-grade crude. Smaller buyers (e.g., Brazil, Netherlands) gain reliable, frequent shipments for refining or redistribution.

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

Argentina exports unrefined crude oil (HS Code 2709), a bulk commodity primarily used for refining into fuels, lubricants, or petrochemical feedstocks in destination markets.

Detailed Monthly Report

Argentina HS2709 Export Snapshot 2025 APR

Argentina HS2709 Export Snapshot 2025 MAY

Argentina HS2709 Export Snapshot 2025 JUN