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

Argentina Crude Petroleum Export (HS 2709) Key Takeaways

Argentina's Crude Petroleum exports under HS Code 2709 in September 2025 were entirely concentrated in crude oil (27090010900), reflecting a raw, undifferentiated commodity trade. Export values rebounded to $2.11 billion after mid-year volatility, signaling stabilization despite global oil price fluctuations. The U.S. dominated as the top destination (40.96% value share), while Chile emerged as a high-yield market with premium pricing potential. This analysis, covering September 2025, is based on processed Customs data from the yTrade database. Strategic focus should balance bulk logistics for volume buyers like the U.S. and China with margin optimization for premium markets like Chile. The hs code 2709 trade data reveals a clear split between high-volume and high-value clusters, requiring tailored export strategies.

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, fueling industries such as transportation, manufacturing, and power generation. Its demand remains stable due to its irreplaceable role in energy production and industrial processes.

Current Context and Strategic Position

Argentina recently eliminated export duties on grains and by-products until October 2025, signaling a broader shift in trade policy to boost competitiveness [Aduana News]. While this decree does not directly impact Argentina's Crude Petroleum Export, it reflects the government's focus on easing trade barriers. Argentina is a key player in global energy markets, with its crude oil exports under HS Code 2709 contributing significantly to its trade balance. Given the volatility in global oil prices, monitoring HS Code 2709 trade data is critical for stakeholders to anticipate market shifts and capitalize on emerging opportunities.

Argentina Crude Petroleum Export (HS 2709) Price Trend

Key Observations

Argentina's Crude Petroleum exports for September 2025 closed at $2.11 billion USD, indicating a modest pullback from the previous month but maintaining a recovery trajectory from mid-year lows. The hs code 2709 value trend shows resilience amid broader market volatility.

Price and Volume Dynamics

The Argentina Crude Petroleum Export trend exhibited significant fluctuations through 2025, with value dropping sharply to $1.02 billion in May and hitting zero in July, before rebounding to $2.31 billion in August. This volatility likely stems from shifts in global oil demand and price cycles, possibly influenced by OPEC+ supply adjustments or regional production changes. The sequential decline from August to September suggests ongoing market recalibration, though the overall recovery from July's trough points to stabilized export flows heading into the latter part of the year.

Argentina Crude Petroleum Export (HS 2709) HS Code Breakdown

Product Specialization and Concentration

According to yTrade data, Argentina's export under HS Code 2709 in September 2025 is entirely concentrated on a single product. The dominating sub-code is 27090010900, described as crude petroleum oils, which accounts for 100% of the export value and quantity. Unit price data is not available, but this complete specialization highlights a focused export stream for raw materials.

Value-Chain Structure and Grade Analysis

The export structure for Argentina's HS Code 2709 consists solely of crude petroleum, categorized as a raw, unrefined commodity. With no other sub-codes present, this indicates a trade in fungible bulk goods, typically linked to global oil indices, and lacks any value-added or graded products in the data.

Strategic Implication and Pricing Power

For businesses involved in Argentina's HS Code 2709 export, pricing power is heavily influenced by external market forces like global oil prices, rather than product differentiation. Strategic efforts should prioritize volume management and market timing to navigate commodity price fluctuations effectively.

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

In September 2025, the UNITED STATES was the dominant destination for Argentina's Crude Petroleum exports, accounting for 40.96% of the total export value. The quantity share to the US was 64.43%, which is higher than the value share, indicating trade in bulk or raw materials typical for Crude Petroleum. The frequency of shipments was 24.67%, showing regular but not excessive trade activity.

Destination Countries Clusters and Underlying Causes

The export partners form two main clusters based on share profiles. The High-Yield Cluster includes CHILE, with a high value share of 37.49% but a low quantity share of 0.92%, suggesting premium pricing or demand for higher-quality Crude Petroleum. The Volume/Hub Cluster consists of the UNITED STATES, CHINA MAINLAND, URUGUAY, BRAZIL, and NETHERLANDS, where quantity shares exceed value shares, pointing to bulk shipments for refining or large-scale consumption. This pattern aligns with Crude Petroleum being a commodity often traded in large volumes to processing hubs.

Forward Strategy and Supply Chain Implications

To maximize returns, Argentina should focus on maintaining high margins with the High-Yield Cluster, particularly CHILE, while optimizing logistics for the Volume Cluster to reduce shipping costs. Bulk buyers like the US and China require efficient transport and storage solutions. Analyzing trade data for HS Code 2709 can help refine these strategies for Argentina's Crude Petroleum exports.

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

• Prioritize premium pricing negotiations with Chile using hs code 2709 trade data, as its high value share relative to quantity indicates a high-margin market for Argentina Crude Petroleum Export.
• Optimize the Crude Petroleum supply chain for bulk shipments to volume hubs like the US and China to reduce per-unit shipping costs and improve logistical efficiency.
• Use real-time hs code 2709 trade data to track global oil price trends and time large-volume shipments to capitalize on favorable market conditions, maximizing revenue.
• Diversify the buyer portfolio by identifying new potential markets through trade data analysis to reduce over-reliance on a few key destinations and mitigate geopolitical risk.

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 September?

Argentina's Crude Petroleum exports in September 2025 showed resilience with a value of $2.11 billion, recovering from mid-year lows but declining slightly from August. The volatility is likely tied to global oil demand shifts and OPEC+ supply adjustments.

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

The United States was the top destination, accounting for 40.96% of export value, followed by Chile (37.49%) and China Mainland, Uruguay, Brazil, and the Netherlands in a bulk-trade cluster.

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

Chile’s high value share (37.49%) but low quantity share (0.92%) suggests premium pricing, while bulk buyers like the US and China receive crude petroleum at lower unit prices due to volume-based trade.

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

Exporters should prioritize high-margin markets like Chile while optimizing logistics for bulk buyers (US, China) to reduce shipping costs and capitalize on global oil price fluctuations.

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

Bulk buyers (US, China) benefit from stable supply for refining, while premium buyers (Chile) may secure higher-grade crude. All buyers must monitor global oil price trends for cost efficiency.

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

Argentina’s exports consist entirely of unrefined crude petroleum (HS Code 27090010900), primarily traded as a bulk commodity for refining into fuels or petrochemicals in destination markets.