Argentina Petroleum Oils Export Market -- HS Code 2710 Trade Data & Price Trend (Q1 2025)

Argentina Petroleum Oils Export (HS 2710) Key Takeaways

Argentina's petroleum oils export under HS code 2710 faced a sharp decline in Q1 2025, dropping from $27.76 billion in January to $10.90 billion by March, reflecting broader market volatility. The trade is dominated by higher-value non-light oils, accounting for over half of exports at $12.54/kg, while light oils show wider price fluctuations. Paraguay emerges as the top destination with 16.56% value share, acting as a regional hub for bulk shipments, followed by high-margin markets like Brazil and Spain. This analysis is based on cleanly processed Customs data from the yTrade database covering Q1 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 energy production, transportation, and industrial applications, driving stable global demand due to their foundational role in multiple sectors. Their versatility ensures consistent trade activity across markets.

Current Context and Strategic Position

Global commodity price volatility and shifting energy demands underscore the importance of monitoring Argentina's petroleum oils exports under HS Code 2710. As a key supplier, Argentina's trade performance in this segment reflects broader economic trends and regional energy dynamics. Tracking HS Code 2710 trade data is essential for stakeholders navigating market fluctuations. Vigilance is particularly crucial in Q1 2025, as seasonal demand shifts and geopolitical factors may influence export volumes and pricing. Understanding Argentina's strategic position in this flow provides actionable insights for trade decision-making.

Argentina Petroleum Oils Export (HS 2710) Price Trend

Key Observations

Argentina's petroleum oils export value under HS code 2710 showed a significant decline in Q1 2025, starting at $27.76 billion in January and falling to $10.90 billion by March. This represents a sharp quarter-over-quarter decrease, indicating a challenging start to the year for this key export sector.

Price and Volume Dynamics

The Argentina Petroleum oils Export trend exhibited a consistent monthly downturn, with value dropping by nearly 50% from January to February and a further 25% into March. This sequential decline suggests weakening momentum, potentially driven by broader macro-economic factors such as global oil price volatility or shifting demand patterns typical for early-year inventory adjustments. The hs code 2710 value trend reflects these external pressures, common in commodity markets where export values can fluctuate rapidly without specific policy shocks.

Argentina Petroleum Oils Export (HS 2710) HS Code Breakdown

Product Specialization and Concentration

In Q1 2025, Argentina's export of petroleum oils under HS Code 2710 is heavily concentrated in a specific product grade. According to yTrade data, the dominant export is "Petroleum oils and oils from bituminous minerals, not containing biodiesel, not crude, not waste oils; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; not light oils and preparations", which accounts for over half of the total export value. This grade commands a unit price of 12.54 USD per kilogram, indicating a specialized, higher-value segment compared to other variants.

Value-Chain Structure and Grade Analysis

The remaining exports can be grouped into two main categories based on quality grade: light oils and not light oils. Light oils, such as those with descriptions specifying "light oils and preparations", show a range of unit prices from 1.00 to 31.91 USD per kilogram, suggesting variations in refinement or quality. Not light oils, including similar non-light variants, have lower unit prices, typically around 1.12 to 1.80 USD per kilogram. This structure points to a trade in fungible bulk commodities, where prices are likely tied to global oil indices and grade specifications, rather than highly differentiated manufactured goods.

Strategic Implication and Pricing Power

For market players, the grade-based price disparities imply that focusing on higher-value light oils could enhance pricing power and profitability. Exporters should prioritize quality control and market positioning for premium grades to capitalize on Argentina's HS Code 2710 export strengths. Monitoring HS Code 2710 trade data regularly will help in adapting to shifts in global demand for specific petroleum oil grades.

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

Paraguay is the dominant destination for Argentina's Petroleum oils exports in Q1 2025, holding a 16.56% value share and a 17.19% weight share. The slightly higher weight share compared to value suggests bulk trade of lower-grade or crude petroleum oils. Paraguay's high frequency share of 21.45% indicates frequent shipments, likely for regular supply chain needs in the region.

Destination Countries Clusters and Underlying Causes

The top destinations can be grouped into two clusters based on trade profiles. The High-Yield Cluster includes Brazil, Chile, Peru, Spain, and Colombia, where value shares exceed weight shares, pointing to demand for higher-quality or refined petroleum oils, possibly due to local refining capabilities or premium market needs. The Volume Cluster consists of the United States, Uruguay, Panama, and the Bahamas, with weight shares dominating, indicating bulk imports for processing or mass consumption. Paraguay stands alone with high volume and frequency, acting as a key regional hub for integrated energy supply chains.

Forward Strategy and Supply Chain Implications

To enhance Argentina's Petroleum oils export performance, focus on capturing higher margins by increasing shipments to High-Yield Cluster countries like Spain and Brazil. Simultaneously, optimize logistics and reduce costs for Volume Cluster partners such as the United States and Paraguay to maintain competitive bulk trade. No specific trade news influences this quarter's data, so strategies should prioritize these data-driven insights for supply chain efficiency.

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

Get Complete Destination Countries Profile

Action Plan for Petroleum Oils Market Operation and Expansion

• Prioritize exporting higher-grade light oils to High-Yield Cluster countries like Spain and Brazil, as their value-over-weight demand for premium products directly boosts profit margins for the Argentina Petroleum oils Export.
• Optimize bulk shipping logistics and negotiate long-term contracts with Volume Cluster partners such as the United States and Paraguay to ensure supply security and reduce per-unit transport costs within the Petroleum oils supply chain.
• Continuously monitor hs code 2710 trade data for real-time shifts in global demand and pricing by grade, enabling rapid adjustment of export mix to capitalize on emerging premium market opportunities.
• Leverage Paraguay’s role as a high-frequency regional hub by ensuring consistent, reliable shipments to strengthen integrated energy partnerships and secure a stable outlet for bulk exports.

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 Q1?

Argentina's petroleum oils exports under HS Code 2710 saw a sharp decline in Q1 2025, dropping from $27.76 billion in January to $10.90 billion by March. This downturn reflects broader global oil price volatility and potential early-year demand adjustments in commodity markets.

Q2. Who are the main destination countries of Argentina Petroleum oils (HS Code 2710) 2025 Q1?

Paraguay is the dominant destination, accounting for 16.56% of export value, followed by Brazil, Chile, Peru, Spain, and Colombia in the High-Yield Cluster, where value shares exceed weight shares due to demand for refined oils.

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

Price differences stem from grade specialization: light oils (1.00–31.91 USD/kg) command higher prices in High-Yield Cluster countries, while bulk-grade "not light oils" (1.12–1.80 USD/kg) dominate Volume Cluster destinations like Paraguay and the U.S.

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

Exporters should prioritize premium light oils for High-Yield Cluster countries (e.g., Spain, Brazil) to capture higher margins, while optimizing logistics for bulk-grade shipments to Volume Cluster partners like Paraguay and the U.S.

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

High-Yield Cluster buyers receive higher-quality refined oils, while Volume Cluster buyers benefit from stable bulk supply. Paraguay’s frequent shipments indicate reliable regional energy integration, but global price volatility may affect costs.

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

Argentina’s exports serve diverse needs: refined light oils likely support industrial or premium fuel markets, while bulk-grade oils are used for mass consumption, processing, or regional energy supply chains.

Detailed Monthly Report

Argentina HS2710 Export Snapshot 2025 JAN

Argentina HS2710 Export Snapshot 2025 FEB