Argentina Petroleum Oils Export Market -- HS Code 2710 Trade Data & Price Trend (Apr 2025)

Argentina Petroleum Oils Export (HS 2710) Key Takeaways

Argentina's petroleum oils exports (HS Code 2710) surged to $33.92 billion in April 2025, rebounding sharply after early-year volatility, driven by global demand shifts. The market is dominated by bulk-grade petroleum oils, with a premium segment of light oils priced at $76.73/kg, offering higher margins. Paraguay leads as the top destination, paying premium prices, while the U.S. and Brazil also command higher yields, contrasting with volume-driven buyers like Chile and Peru. Buyer concentration data remains unclear, but commodity pricing risks persist. This analysis covers April 2025 and is based on processed Customs data from the yTrade database.

Argentina Petroleum Oils Export (HS 2710) Background

What is HS Code 2710?

HS Code 2710 covers petroleum oils and oils obtained from bituminous minerals (other than crude), as well as preparations containing ≥70% petroleum oils. These products are critical for industries such as energy, transportation, and manufacturing, driving stable global demand due to their versatility and widespread use. Argentina's petroleum oils export under this code reflects its role as a key supplier in the international market.

Current Context and Strategic Position

The Harmonized Tariff Schedule of the United States (2025) Revision 5 [USITC] highlights recent regulatory updates affecting global trade, including petroleum oils. Argentina's strategic significance in HS Code 2710 trade data stems from its refining capacity and export-oriented production. As global energy markets remain volatile, monitoring Argentina's petroleum oils export trends is essential for stakeholders navigating supply chain dynamics. The country's position as a regional supplier underscores the need for vigilance in tracking trade shifts.

Argentina Petroleum Oils Export (HS 2710) Price Trend

Key Observations

Argentina's Petroleum oils exports under HS code 2710 surged to $33.92 billion USD in April 2025, marking a robust recovery in value after a period of decline.

Price and Volume Dynamics

The Argentina Petroleum oils Export trend exhibited significant volatility in early 2025, with values dropping from $27.76 billion in January to $10.90 billion in March before the April rebound. This fluctuation may be linked to broader macro-economic factors, such as shifts in global oil demand or currency effects, rather than isolated events. The hs code 2710 value trend often mirrors inventory cycles and geopolitical developments, suggesting that the April increase could stem from seasonal demand upticks or strategic stock adjustments in key markets.

Argentina Petroleum Oils Export (HS 2710) HS Code Breakdown

Product Specialization and Concentration

According to yTrade data for Argentina's HS Code 2710 exports in April 2025, the market is heavily concentrated on petroleum oils that are not light oils, specifically the sub-code for preparations with 70% or more petroleum content, which holds a 46% value share and a 36% weight share at a unit price of 14.51 USD per kilogram. A notable anomaly is isolated: light oils with a significantly higher unit price of 76.73 USD per kilogram, indicating a premium grade that diverges from the main pool.

Value-Chain Structure and Grade Analysis

The remaining exports fall into two clear categories: standard light oils with unit prices around 1-23 USD per kilogram, and heavier petroleum preparations priced under 2 USD per kilogram. This structure confirms a trade in fungible bulk commodities, where products are largely undifferentiated and likely linked to global oil indices, with grade variations (light vs. heavy) driving price differences rather than manufacturing value-add.

Strategic Implication and Pricing Power

For players in Argentina's HS Code 2710 export market, pricing power is limited due to the commodity nature, tied to volume and grade rather than branding. Strategic focus should prioritize cost efficiency and accessing premium markets for higher-grade light oils, as shown in HS Code 2710 trade data, to mitigate price volatility common in bulk oil trades.

Table: Argentina HS Code 2710) Breakdown Details (Source: yTrade)

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Argentina Petroleum Oils Export (HS 2710) Destination Countries

Geographic Concentration and Dominant Role

Argentina's April 2025 Petroleum oils exports show a clear geographic concentration. Paraguay was the dominant destination, taking 21.65% of the total export value. A key finding is that Paraguay's value share (21.65%) is higher than its weight share (20.53%). This gap means Argentina received a higher price per kilogram for its shipments to Paraguay, indicating trade in higher-grade or more refined versions of Petroleum oils.

Destination Countries Clusters and Underlying Causes

The top buyers form two clear clusters. The first is a high-yield group, including the United States and Brazil. Both countries have value shares that exceed their weight shares, meaning Argentina's exports to them also command premium prices. The second is a volume-driven cluster, which includes Chile, Peru, Spain, Uruguay, Panama, the Bahamas, and Colombia. For these partners, the weight share of shipments is equal to or greater than the value share. This pattern points to large-volume purchases of more standard or bulk Petroleum oils, likely for refining or mass consumption.

Forward Strategy and Supply Chain Implications

The analysis of Argentina's HS Code 2710 trade data suggests a two-part strategy. To boost revenue, Argentina should focus on maintaining its premium pricing with partners like Paraguay, the US, and Brazil. For the volume cluster, the priority should be optimizing logistics and supply chain efficiency to securely serve these large, bulk buyers and protect this significant portion of export volume. The provided news context does not offer relevant support for these specific trade flows.

Table: Argentina Petroleum Oils (HS 2710) Top Destination Countries (Source: yTrade)

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Argentina Petroleum Oils (HS 2710) Buyers Analysis

Buyer Market Concentration and Dominance

No specific buyer cluster data is available for Argentina's petroleum oils exports in April 2025. Without this information, the market structure and dominant buyer groups cannot be determined. The typical trade patterns for hs code 2710 trade data remain unclear for this period.

Strategic Buyer Clusters and Trade Role

The lack of data prevents any analysis of the four segments of buyers for Argentina petroleum oils export. Generally, petroleum oil markets often feature intermediated or state-controlled buyers, but the exact profile of hs code 2710 buyers cannot be confirmed without details.

Sales Strategy and Vulnerability

For Argentina petroleum oils export, sales strategy should focus on managing commodity price risks and seeking stable demand. Vulnerability may stem from global oil market shifts. No relevant news context supports this outlook.

Check Full Petroleum oils Buyer lists

Action Plan for Petroleum Oils Market Operation and Expansion

• Prioritize premium-grade light oil exports to the U.S. and Brazil using hs code 2710 trade data to identify high-value buyers, as these markets pay a significantly higher unit price for Argentina Petroleum oils Export, directly boosting revenue.
• Optimize the Petroleum oils supply chain for bulk shipments to volume-driven partners like Chile and Peru by securing efficient logistics, as these high-volume, lower-margin exports require cost-effective operations to protect profitability.
• Implement hedging strategies against global oil price volatility for all Argentina Petroleum oils Export contracts, because the commodity nature of this trade makes revenue highly susceptible to unpredictable market swings.
• Analyze Paraguay's import patterns from hs code 2710 trade data in depth to understand the exact product specifications that command a premium price, enabling replication of this successful trade model with other neighboring countries.

Take Action Now —— Explore Argentina Petroleum oils Export Data

Frequently Asked Questions

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

Argentina's petroleum oils exports surged to $33.92 billion in April 2025 after a volatile period, likely due to global oil demand shifts or seasonal inventory adjustments rather than isolated events.

Q2. Who are the main destination countries of Argentina Petroleum oils (HS Code 2710) 2025 April?

Paraguay was the top buyer (21.65% value share), followed by the US and Brazil, which also paid premium prices. A volume-driven cluster included Chile, Peru, Spain, and others.

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

Price differences stem from grade variations: premium light oils (e.g., 76.73 USD/kg) vs. bulk-standard preparations (under 2 USD/kg). Paraguay, the US, and Brazil imported higher-grade products.

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

Prioritize cost efficiency for bulk buyers and target premium markets (e.g., Paraguay, US, Brazil) for higher-grade oils to mitigate commodity price volatility.

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

Buyers in premium markets (Paraguay, US, Brazil) access higher-grade oils, while volume-driven partners (Chile, Peru, etc.) secure bulk supplies for refining or mass consumption.

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

Exports are primarily fungible bulk commodities, with light oils for refined products and heavier preparations for industrial or energy use.