Argentina Crude Petroleum Export Market -- HS Code 2709 Trade Data & Price Trend (Q3 2025)

Argentina Crude Petroleum Export (HS 2709) Key Takeaways

Argentina's Crude Petroleum exports under HS Code 2709 in Q3 2025 were dominated by raw, undifferentiated crude oil, with over 99% concentrated in a single sub-code, reflecting a bulk commodity trade with limited pricing power. Export values plunged to zero in July before rebounding sharply in August and September, signaling volatility tied to market shifts and policy changes like Argentina's 0% export duty. The U.S. accounted for 66% of volume but Chile drove higher value, paying premium prices, while sporadic shipments to Uruguay and China Mainland highlighted opportunistic trade. This analysis, covering 2025 Q3, 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, commonly known as crude petroleum. This product is a foundational commodity for global energy markets, primarily refined into fuels like gasoline, diesel, and jet fuel. Its demand remains stable due to its critical role in transportation, manufacturing, and power generation industries worldwide.

Current Context and Strategic Position

Argentina's Crude Petroleum Export landscape shifted significantly with Decree No. 682, which set a 0% export duty rate for specified goods, including crude petroleum, effective September 2025 [KPMG]. This policy change aims to boost competitiveness and attract foreign investment in Argentina's energy sector. As a key producer in Latin America, Argentina's crude oil exports are strategically important for regional and global supply chains. Monitoring hs code 2709 trade data is now critical to assess the impact of this policy shift on market dynamics and trade flows.

Argentina Crude Petroleum Export (HS 2709) Price Trend

Key Observations

Argentina's crude petroleum exports in Q3 2025 showed marked volatility, with export value plunging to zero in July before recovering to 2.31 billion USD in August and moderating to 2.11 billion USD in September.

Price and Volume Dynamics

The Argentina Crude Petroleum Export trend declined steadily from April's 3.89 billion USD to around 1 billion USD in May and June, hitting a trough in July. This pattern suggests underlying supply or demand disruptions, possibly tied to seasonal inventory adjustments or operational constraints. The rebound in August and September corresponds with policy shifts, as Argentina implemented a 0% export duty for certain goods in late September [KPMG], likely incentivizing renewed export flows. The hs code 2709 value trend indicates a partial recovery, though it remains subdued compared to early-year highs, reflecting broader global oil market fluctuations and local policy efficacy.

Argentina Crude Petroleum Export (HS 2709) HS Code Breakdown

Product Specialization and Concentration

According to yTrade data for 2025 Q3, Argentina's export of Crude Petroleum under HS Code 2709 is almost entirely concentrated in the sub-code 27090010900 for petroleum oils crude. This sub-code represents over 99% of export transactions and accounts for all the value and quantity shipped, indicating a highly specialized trade in bulk commodities. Unit price data is not available, but the dominance suggests a focus on high-volume, low-value-added exports. A minor sub-code, 27090010100, is present but contributes less than 1% to transactions and negligible volume, so it is treated as an anomaly and excluded from further analysis.

Value-Chain Structure and Grade Analysis

The export structure for Argentina's HS Code 2709 is characterized by a single product category: raw crude petroleum oils, with no apparent variations in grade or form. This uniformity points to a trade in fungible bulk commodities, where products are undifferentiated and pricing is inherently linked to global crude oil indices rather than unique attributes. The lack of sub-codes indicating refined or processed stages reinforces that this is a straightforward commodity export without value-added elements.

Strategic Implication and Pricing Power

For exporters handling Argentina's HS Code 2709 export, the commodity nature and concentration mean limited individual pricing power, as prices are dictated by international market fluctuations. Strategic priorities should include optimizing supply chain costs and employing risk management tools like futures contracts. Reviewing HS Code 2709 trade data regularly can aid in tracking market shifts and informing export decisions.

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 Q3 2025 were highly concentrated. The United States was the dominant volume buyer, taking 66.24% of total quantity. However, Chile was the top value partner, paying 41.74% of total export earnings. This gap shows Chile paid a higher price per unit, suggesting it received higher-grade crude. The U.S. bought a massive volume share for a lower value share, indicating trade in heavier or lower-priced crude.

Destination Countries Clusters and Underlying Causes

The data reveals three clear clusters for Argentina's Crude Petroleum shipments. Chile forms a High-Yield Cluster, paying premium prices for its share. The United States is the sole Volume/Hub Cluster, acting as the primary bulk buyer for refining or re-export. A third Transactional Cluster includes Uruguay and China Mainland; their significant volume shares with lower frequency suggest large, sporadic shipments, likely tied to spot market purchases or specific refinery needs.

Forward Strategy and Supply Chain Implications

The strategy should balance these distinct markets. The focus must be on maintaining the premium pricing achieved with Chile. For the U.S. volume hub, logistics and contract stability are key to securing this large, consistent outlet. The transactional nature of other buyers offers flexibility to capitalize on short-term price spikes. This structure provides a solid base from Argentina's Crude Petroleum exports, blending secure bulk sales with higher-margin opportunities.

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

• Use futures contracts to hedge against global oil price volatility, as Argentina's Crude Petroleum Export is a pure commodity with no pricing power. This protects profit margins from unpredictable market swings.
• Segment shipments by destination, prioritizing higher-value crude grades for premium markets like Chile. This maximizes revenue from Argentina's Crude Petroleum Export by leveraging quality differentials.
• Secure long-term volume contracts with the U.S. hub buyer to guarantee a stable outlet for bulk shipments. This ensures supply chain security and optimizes the Crude Petroleum supply chain for consistent throughput.
• Monitor hs code 2709 trade data monthly to spot emerging trends in the transactional cluster (e.g., China). This allows you to capitalize on short-term spot market price spikes for additional revenue.
• Audit and optimize all logistics and port operations to reduce per-unit shipping costs. This directly boosts netback value for every barrel in the Crude Petroleum supply chain.

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 Q3?

Argentina's crude petroleum exports saw sharp volatility, dropping to zero in July 2025 before rebounding to $2.31 billion in August. The recovery aligns with Argentina's late-September policy shift to 0% export duties, incentivizing renewed shipments amid global oil market fluctuations.

Q2. Who are the main destination countries of Argentina Crude Petroleum (HS Code 2709) 2025 Q3?

The U.S. dominated volume (66.24% share), while Chile led in value (41.74% share). Uruguay and China Mainland formed a smaller transactional cluster with sporadic large shipments.

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

Chile paid premium prices, suggesting higher-grade crude purchases, while the U.S. bought bulk volumes at lower unit prices, likely for heavier or lower-quality crude.

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

Exporters should prioritize maintaining premium pricing with Chile, secure stable contracts with the U.S. volume hub, and leverage spot-market opportunities with transactional buyers like Uruguay.

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

U.S. buyers benefit from consistent bulk supply, Chilean refiners access higher-grade crude, and transactional buyers like China gain flexibility to capitalize on short-term market conditions.

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

Argentina’s exports under HS Code 2709 are undifferentiated bulk crude oils, primarily destined for refining or re-export, with no value-added processing.

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