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

Argentina Petroleum Oils Export (HS 2710) Key Takeaways

Argentina’s Petroleum Oils exports under HS Code 2710 in May 2025 plunged to $445.79M after a volatile surge in April, reflecting tariff-driven market instability. The trade is dominated by bulk-grade, low-value petroleum oils (43% from sub-code 27101911000), with limited pricing power and heavy reliance on the U.S. (22.63% of value). Buyer concentration remains unclear due to data gaps, but bulk shipments to volume-driven markets like the U.S. and Panama highlight a commodity-driven trade structure. This analysis is based on cleanly processed Customs data from the yTrade database for May 2025.

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, manufacturing, and energy, driving stable global demand due to their versatility and widespread use. Argentina's petroleum oils export under this code reflects its role in supplying refined petroleum products to international markets.

Current Context and Strategic Position

Recent updates to the Harmonized Tariff Schedule of the United States (2025) Revision 5 highlight ongoing regulatory adjustments impacting global trade flows [USITC]. For Argentina, petroleum oils export under HS Code 2710 remains strategically significant, leveraging its refining capacity to meet regional and global demand. Monitoring hs code 2710 trade data is essential to navigate evolving policies and maintain competitiveness in this sector. Argentina's position as a key supplier underscores the need for market vigilance amid shifting trade dynamics.

Argentina Petroleum Oils Export (HS 2710) Price Trend

Key Observations

In May 2025, Argentina's Petroleum Oils export value dropped sharply to 445.79 million USD, contrasting sharply with April's 33.92 billion USD, highlighting extreme volatility in the hs code 2710 value trend.

Price and Volume Dynamics

The Argentina Petroleum Oils Export trend showed erratic movements in early 2025, with value declining from 27.76 billion USD in January to 10.90 billion USD in March before surging to 33.92 billion USD in April. This volatility likely stems from anticipatory shipping ahead of U.S. tariff adjustments, as reflected in the Harmonized Tariff Schedule revisions in March [USITC]. The subsequent May collapse aligns with post-policy implementation adjustments, typical in petroleum markets where export flows are highly responsive to regulatory changes and global demand shifts.

Argentina Petroleum Oils Export (HS 2710) HS Code Breakdown

Product Specialization and Concentration

According to yTrade data, Argentina's export of Petroleum Oils under HS Code 2710 in May 2025 is heavily concentrated in a specific product grade. The sub-code 27101911000, which refers to petroleum oils that are not light oils and preparations, dominates with over 43 percent of the total export value. Its relatively low unit price suggests a bulk commodity trade focused on high-volume, lower-value products. Extreme price anomalies are present in sub-codes like 27101241000 and 27101931000, where very high unit prices indicate specialized or small-quantity shipments, and these have been isolated from the main analysis due to their outlier nature.

Value-Chain Structure and Grade Analysis

The non-anomalous sub-codes can be grouped into two main categories based on product grade: not light oils and light oils. Not light oils, including sub-codes like 27101911000 and 27101922000, account for the majority of exports by value, indicating a trade structure centered on heavier, potentially less refined petroleum products. Light oils, such as those under 27101249990, represent a smaller share and may include more refined grades. This structure points to a fungible bulk commodity market, where products are likely traded based on standard grades and linked to global oil indices, rather than highly differentiated manufactured goods.

Strategic Implication and Pricing Power

For market players, Argentina's HS Code 2710 export profile implies limited pricing power, as the trade is dominated by bulk commodities subject to global price fluctuations. Strategic focus should be on cost efficiency, supply chain optimization, and leveraging volume for competitive advantage. Analysis of HS Code 2710 trade data suggests that opportunities may lie in diversifying into higher-value grades or niches, but the core market remains driven by scale and grade specifications common in commodity trading.

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

Check Detailed HS Code 2710 Breakdown

Argentina Petroleum Oils Export (HS 2710) Destination Countries

Geographic Concentration and Dominant Role

The United States is the dominant destination for Argentina's Petroleum Oils exports in May 2025, accounting for 22.63% of the total export value. The quantity share of 28.66% is higher than the value share, indicating bulk shipments of lower-grade or crude petroleum oils. The low frequency share of 6.63% suggests infrequent but large-volume transactions, typical for commodity trade like HS Code 2710.

Destination Countries Clusters and Underlying Causes

The top destinations can be grouped into three clusters based on trade patterns. The volume cluster includes the United States, Panama, and Bahamas, where high quantity shares point to bulk oil exports for refining or large-scale consumption. The transactional cluster consists of Paraguay, Chile, Uruguay, and Brazil, characterized by high frequency shares, implying regular, smaller shipments for regional distribution or refined products. The high-yield cluster features the Netherlands, with a value share exceeding quantity share, suggesting demand for premium or specialized petroleum oils.

Forward Strategy and Supply Chain Implications

For Argentina's Petroleum Oils export strategy, focus on sustaining bulk sales to volume cluster countries while targeting high-margin opportunities in markets like the Netherlands. Improve logistics efficiency for transactional cluster partners to support frequent shipments. No relevant news context was used for this analysis.

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

Get Complete Destination Countries Profile

Argentina Petroleum Oils (HS 2710) Buyers Analysis

Buyer Market Concentration and Dominance

According to yTrade data, the Argentina Petroleum Oils Export buyer market structure for May 2025 cannot be fully detailed due to incomplete cluster data. The typical trade profile and dominant value share among the four segments of buyers are undefined without specific figures. This gap prevents a clear summary of market concentration for hs code 2710 trade data.

Strategic Buyer Clusters and Trade Role

Without complete yTrade data, the commercial persona of key buyers for Argentina Petroleum Oils Export remains unclear. For hs code 2710, buyer profiles often indicate an intermediated or state-controlled market, common for commodity oils, but the exact roles of high-value or frequent purchasers cannot be specified. The absence of data limits insights into agent-driven or direct trade dynamics.

Sales Strategy and Vulnerability

The lack of detailed buyer segmentation complicates strategic guidance for Argentina's exporters. Sales focus and risk assessment require complete value and frequency data to address opportunities or vulnerabilities in the hs code 2710 trade. No relevant news context was available to support the outlook for this period.

Check Full Petroleum Oils Buyer lists

Action Plan for Petroleum Oils Market Operation and Expansion

• Focus on bulk sales to the United States and Panama using hs code 2710 trade data to lock in volume contracts, as these markets drive the majority of Argentina Petroleum Oils Export value through large-scale shipments.
• Target high-margin opportunities in the Netherlands by analyzing shipment data for premium grades, because this market's higher value share indicates a willingness to pay more for specialized Petroleum Oils supply chain products.
• Optimize logistics and shipping schedules for frequent, smaller buyers in Paraguay and Chile to ensure reliable delivery, strengthening regional trade partnerships and securing consistent revenue streams.
• Diversify export grades beyond the dominant heavy oils by investigating demand for light oils, reducing vulnerability to price swings in a single commodity segment and capturing more value from the Argentina Petroleum Oils Export profile.

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 May?

The sharp drop in export value to $445.79 million USD in May 2025 reflects extreme volatility, likely due to anticipatory shipments ahead of U.S. tariff adjustments and subsequent post-policy corrections.

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

The United States dominates with 22.63% of export value, followed by Panama and the Bahamas, forming a bulk shipment cluster. The Netherlands represents a high-yield niche market.

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

Price differences stem from product grades: bulk shipments of lower-value "not light oils" (e.g., sub-code 27101911000) contrast with premium-priced light oils or specialized grades (e.g., 27101249990).

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

Prioritize cost efficiency and volume leverage for bulk buyers (e.g., U.S.), while targeting high-margin opportunities in markets like the Netherlands with refined or specialized grades.

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

Bulk buyers (e.g., U.S.) benefit from stable, large-volume supply, while transactional buyers (e.g., Brazil) rely on frequent regional shipments. The Netherlands’ high-value niche suggests demand for premium grades.

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

Argentina’s exports are primarily fungible bulk commodities, with heavier grades likely used for refining or industrial consumption, while lighter grades may serve specialized or higher-value applications.