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

Argentina Petroleum Oils Export (HS 2710) Key Takeaways

Argentina's petroleum oils exports (HS Code 2710) collapsed in June 2025, plummeting to $447.73 million after a volatile first half dominated by heavy-grade non-light oils, which accounted for 44% of value. The U.S. emerged as the top destination, paying premium prices, while regional neighbors like Paraguay and Brazil formed a stable bulk trade cluster. Exporters face limited pricing power due to commodity-driven markets, with opportunities only in niche light oil segments. This analysis of June 2025 is based on cleanly 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 transportation, energy, and manufacturing, driving consistent 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 highlights ongoing adjustments to trade policies, which could impact global petroleum oils trade flows [USITC]. Argentina's petroleum oils export is strategically significant, given its resource base and competitive pricing. Monitoring hs code 2710 trade data is essential to navigate potential policy shifts and maintain market competitiveness. Vigilance is particularly crucial as global energy dynamics evolve.

Argentina Petroleum Oils Export (HS 2710) Price Trend

Key Observations

Argentina's petroleum oils exports (HS Code 2710) experienced a sharp contraction in June 2025, with total value falling to $447.73 million USD. This represents a significant departure from the multi-billion dollar monthly export values recorded earlier in the year.

Price and Volume Dynamics

The Argentina Petroleum oils Export trend shows extreme volatility through the first half of 2025. After peaking at $33.92 billion in April, export values collapsed by over 99% in May and remained at that depressed level in June. This abrupt shift likely reflects broader market dislocations, potentially driven by OPEC+ supply adjustments, fluctuations in global refinery demand, or domestic production issues. The hs code 2710 value trend indicates that Argentina's export earnings from this critical commodity became highly unpredictable, moving from robust quarterly performance to near standstill within weeks.

Argentina Petroleum Oils Export (HS 2710) HS Code Breakdown

Product Specialization and Concentration

According to yTrade data, Argentina's HS Code 2710 export in June 2025 is highly concentrated, with non-light petroleum oils (HS code 27101911000) dominating at 44% of the value and 45% of the quantity. This product specializes in heavier grades. A high-value anomaly is noted in light oils (HS code 27101241000), with an estimated unit price far above average, but it is isolated from the main analysis due to its minimal volume impact.

Value-Chain Structure and Grade Analysis

The export structure for HS Code 2710 is divided into two main groups: non-light oils and light oils, based on product descriptions. Non-light oils account for the majority of shipments, reinforcing that this trade involves fungible bulk commodities, typically priced against global oil indices, with differentiation primarily by oil weight and minimal processing.

Strategic Implication and Pricing Power

For exporters dealing with Argentina's HS Code 2710 trade data, the commodity nature limits pricing power, as prices are driven by external market forces. Focus should remain on optimizing logistics and volume for the dominant heavier oils, while exploring niche high-value light oil opportunities for marginal gains.

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 petroleum oils exports in June 2025 were led by the UNITED STATES, which took 31.16% of the total export value. This share is notably lower than its 35.04% share of the total quantity, indicating shipments to the US achieved a higher average unit price. This suggests Argentine exports to this partner consist of higher-grade or more refined petroleum oils. PARAGUAY and BRAZIL are the next largest destinations by value, accounting for 14.63% and 13.22% shares, respectively.

Destination Countries Clusters and Underlying Causes

The top destinations form two clear clusters. The first is a Volume/Stability cluster comprising PARAGUAY, BRAZIL, CHILE, URUGUAY, and PERU. These regional neighbors show balanced value and quantity shares, indicating a stable trade in bulk petroleum oils, likely driven by geographic proximity and integrated regional energy supply chains. The second is a Niche/Logistical cluster with SPAIN, COLOMBIA, PANAMA, and the NETHERLANDS. These partners have a much higher value share relative to their quantity share, pointing to shipments of specialized, higher-value products or the role of these countries as logistical hubs for re-export within Europe and other global markets.

Forward Strategy and Supply Chain Implications

The strategy for Argentina's HS Code 2710 exports should focus on two areas. First, the premium pricing achieved in the US market should be protected and used as a model for entering other high-value markets. Second, supply chains for the high-volume regional partners in South America should be optimized for cost and reliability to maintain this stable bulk trade. Logistics for partners like the NETHERLANDS, a key European entry point, must be efficient to support their role as trade hubs.

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

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Argentina Petroleum Oils (HS 2710) Buyers Analysis

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Action Plan for Petroleum Oils Market Operation and Expansion

• Analyze hs code 2710 trade data to prioritize shipments of higher-grade oils to the United States, as this market delivers a premium unit price for Argentina's Petroleum oils Export.
• Optimize the Petroleum oils supply chain for bulk shipments to regional partners like Paraguay and Brazil to secure stable, high-volume revenue with lower logistical costs.
• Investigate the niche, high-value light oil shipments to partners like Spain and the Netherlands to identify new premium market opportunities within the hs code 2710 trade data.
• Strengthen logistics for European hub countries like the Netherlands to ensure efficient re-export operations and support Argentina's role in global petroleum trade networks.

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 June?

Argentina's petroleum oils exports collapsed in June 2025, dropping to $447.73 million USD after peaking at $33.92 billion in April. This extreme volatility likely reflects global market dislocations, such as OPEC+ supply adjustments or refinery demand shifts.

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

The UNITED STATES was the top destination (31.16% of export value), followed by PARAGUAY (14.63%) and BRAZIL (13.22%). These three markets accounted for nearly 60% of Argentina's total petroleum oils exports.

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

Shipments to the US achieved higher average prices, suggesting they contained higher-grade or more refined petroleum oils. Regional partners like Paraguay and Brazil received bulk commodity-grade oils at lower unit prices.

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

Exporters should prioritize optimizing logistics for bulk shipments to regional partners while protecting premium pricing in the US market. Exploring niche high-value light oil opportunities could provide marginal gains.

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

Regional buyers can expect stable bulk supplies, while US buyers receive higher-value products. European hub countries like the Netherlands serve as gateways for specialized shipments or re-exports.

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

Argentina's exports are primarily fungible bulk commodities, with heavier non-light oils dominating. These are typically priced against global indices and used for refining or energy production.