2025 Argentina Crude Petroleum (HS 2709) Export: Sharp Volatility

Key Takeaways

Crude Petroleum, classified under HS Code 2709 (Petroleum oils and oils obtained from bituminous minerals, crude), exhibited high volatility from January to September 2025.

• Market Pulse: Export values fluctuated sharply, peaking at $4.25B in January, dropping 21% by March, then rebounding 16% in April before a mid-year slump and partial Q3 recovery.
• Structural Shift: Argentina Crude Petroleum Export reliance on Chile (40.53% of value) creates concentrated risk, while the U.S. market shows price-sensitive bulk demand.
• Product Logic: HS Code 2709 trade data reveals near-total dominance of unrefined crude (27090010900) at 1.78 USD/kg, with negligible premium-grade activity.

This overview covers the period from January to September 2025 and is based on verified customs data from the yTrade database.

Argentina Crude Petroleum (HS Code 2709) Key Metrics Trend

Market Trend Summary

The Argentina Crude Petroleum export trend opened 2025 with strong momentum, reaching $4.25B in January before entering a volatile phase. Values declined sharply through March, dropping 21% from the January peak, then rebounded in April with a 16% monthly gain. After a severe contraction in May and June, trade activity partially recovered in Q3, with August exports hitting $2.31B before moderating to $2.11B in September. The overall trajectory shows a first-quarter decline, a mid-year trough, and a partial third-quarter recovery.

Drivers & Industry Context

The Q3 recovery aligns directly with Argentina's 2025 policy eliminating export duties on crude petroleum (HS 2709) to boost production competitiveness [KPMG]. This reform, part of broader economic measures, improved exporter margins and likely stimulated the August-September volume rebound. The hs code 2709 value remains concentrated in unrefined bulk crude, reflecting Argentina's export structure rather than diversified products. The mid-year slump may correspond to pre-policy uncertainty or operational constraints, though the duty removal provided clear stimulus for Q3 activity.

Table: Argentina Crude Petroleum Export Trend (Source: yTrade)

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Argentina HS Code 2709 Export Breakdown

Market Composition & Top Categories

Argentina's HS Code 2709 export market is overwhelmingly dominated by crude petroleum, specifically under sub-code 27090010900, which accounts for virtually all export value and volume. According to yTrade data, this single category represents nearly 100% of Argentina's crude petroleum exports throughout the first three quarters of 2025. The remaining sub-codes, including minor variations like 27090010100 and 27090090000, collectively contribute less than 1% to total exports, indicating a highly concentrated trade structure for Argentina HS Code 2709 Export.

Value Chain & Strategic Insights

Unit prices for the dominant crude petroleum sub-code average 1.78 USD/kg, while the negligible minor categories show slightly higher prices (up to 4.99 USD/kg) but with insignificant volumes. This narrow price range and volume dominance confirm a classic commodity market, driven by global price benchmarks rather than quality differentiation. For HS Code 2709 breakdown, the trade structure is inherently price-sensitive, with Argentina's exports aligned to bulk, standardized crude oil flows without significant value-add stages.

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

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Argentina Crude Petroleum Destination Countries

Geographic Concentration & Market Risk

Argentina's Crude Petroleum exports throughout the first three quarters of 2025 show high dependence on Chile, which accounts for 40.53% of export value, indicating concentrated market risk. This dominance in Argentina Crude Petroleum export destinations underscores vulnerability to demand shifts or trade policy changes with Chile. No significant domestic re-imports are present, reducing internal logistics complexities.

Purchasing Behavior & Demand Segmentation

Chile's higher value ratio (40.53) compared to weight ratio (35.37) suggests quality-conscious demand for high-value specifications, pointing to margin potential. The United States, with a weight ratio (38.08) exceeding value ratio (36.34), indicates price-sensitive bulk processing. Overall, trade partners for Crude Petroleum exhibit a mix of premium and commodity intents, favoring margin opportunities in key markets.

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

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Action Plan for Crude Petroleum Market Operation and Expansion

• Diversify export markets: Reduce reliance on Chile by targeting alternative buyers like the U.S. or Asia, where bulk demand offsets price sensitivity.
• Lock in Q3 momentum: Capitalize on Argentina’s duty-free export policy by securing short-term contracts during recovery phases (August-September).
• Optimize logistics costs: Focus on bulk shipment efficiencies for unrefined crude, given the commodity-grade trade structure.
• Monitor Chilean policy shifts: Track trade negotiations or demand changes in Chile to preempt disruptions to 40% of export revenue.
• Leverage premium niches: Explore minor sub-codes (e.g., 27090090000) with higher unit prices (4.99 USD/kg) for marginal margin gains.

Take Action Now —— Explore Argentina Crude Petroleum HS Code 2709 Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Argentina Crude Petroleum Export in 2025?

Argentina's Crude Petroleum exports saw a volatile 2025, with a Q1 decline, mid-year slump, and partial Q3 recovery. The rebound aligns with Argentina's policy eliminating export duties on crude petroleum, boosting competitiveness and stimulating trade activity.

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

Chile is the dominant market, accounting for 40.53% of export value, followed by the United States with 36.34%. These two countries represent the bulk of Argentina's Crude Petroleum exports.

Q3. Why does the unit price differ across destination countries of Argentina Crude Petroleum Export in 2025?

Chile's higher value-to-weight ratio suggests premium demand for quality specifications, while the U.S. favors bulk processing, leading to price variations. The dominant sub-code (27090010900) averages 1.78 USD/kg, with minor categories priced slightly higher but insignificant in volume.

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

Exporters should prioritize Chile's quality-conscious market for margin potential while diversifying to mitigate risks from over-reliance on a single buyer. The U.S. remains a key bulk buyer but offers lower pricing power.

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

Chilean buyers benefit from stable, high-value crude flows, while U.S. buyers secure cost-efficient bulk supply. Both markets should monitor Argentina's policy shifts, as duty removals directly impact export volumes and pricing.

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

Argentina's exports consist almost entirely of unrefined bulk crude (27090010900), primarily used for refining or further processing in destination markets, reflecting a commodity-driven trade structure.

Detailed Monthly and Quarterly Report

Argentina HS Code 2709 Export Data Snapshot 2025 JAN

Argentina HS Code 2709 Export Data Snapshot 2025 JAN

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Argentina HS Code 2709 Export Data Snapshot 2025 Q1

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Argentina HS Code 2709 Export Data Snapshot 2025 Q3