Argentina Petroleum Oils Export Market -- HS Code 2710 Trade Data & Price Trend (Q2 2025)

Argentina Petroleum Oils Export (HS 2710) Key Takeaways

Argentina's Petroleum oils exports under HS Code 2710 in Q2 2025 were dominated by non-light petroleum oils, accounting for 45.25% of export value, with pricing power concentrated in this segment. The market saw extreme volatility, peaking at $33.92 billion in April before collapsing to $0.45 billion in May and June, likely due to policy shifts. Paraguay was the top destination, holding 19.33% of export value, reflecting stable regional demand. The data reveals a trade in bulk commodities with opportunities in premium grades but vulnerability to external disruptions. This analysis is based on cleanly processed Customs data from the yTrade database for 2025 Q2.

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), including 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 essential role in industrial processes.

Current Context and Strategic Position

On April 16, 2025, Argentina enacted Decree 273/2025 to simplify the importation of used capital goods, potentially impacting domestic production and trade dynamics [Trade.gov]. This policy shift underscores the need for vigilance in Argentina's petroleum oils export sector, as changes in industrial capacity or energy demand could influence trade flows. Argentina's strategic position as a key exporter of HS Code 2710 products highlights its role in global energy markets, making monitoring of hs code 2710 trade data essential for stakeholders. The Q2 2025 period demands close attention to both policy and macroeconomic factors shaping Argentina petroleum oils export trends.

Argentina Petroleum Oils Export (HS 2710) Price Trend

Key Observations

The Argentina Petroleum oils Export trend for Q2 2025 exhibited extreme volatility, with export value peaking at $33.92 billion in April before collapsing to roughly $0.45 billion in both May and June. This sharp decline defines the quarter's performance, highlighting significant instability in the hs code 2710 value trend.

Price and Volume Dynamics

The Argentina Petroleum oils Export trend built on a downward trajectory from January's $27.76 billion to March's $10.90 billion, with April's surge representing a brief recovery. The subsequent collapse in May and June aligns with the Argentine government's mid-April policy to simplify imports of used capital goods [Trade.gov], which may have introduced economic uncertainties affecting trade flows. This pattern suggests external policy shifts overshadowed typical oil market cycles, driving the hs code 2710 value trend into unprecedented volatility within the quarter.

Argentina Petroleum Oils Export (HS 2710) HS Code Breakdown

Product Specialization and Concentration

In Q2 2025, Argentina's export activities for HS Code 2710 are heavily concentrated in non-light petroleum oils, which do not contain biodiesel and are not crude or waste oils. According to yTrade data, this product category dominates with a 45.25% share of the total export value, supported by a unit price of 14.56 USD per kilogram. An extreme price anomaly is present in a light petroleum oil product with a unit price of 76.97 USD per kilogram, which is isolated from the main analysis due to its outlier status.

Value-Chain Structure and Grade Analysis

The remaining exports under Argentina's HS Code 2710 can be grouped into two main categories: light petroleum oils and non-light petroleum oils, with a small segment for biodiesel-containing oils. Light oils show a wide range of unit prices, from about 1.43 to 23.07 USD per kilogram, indicating variations in quality or refinement levels, while non-light oils generally have lower unit prices, around 1.57 to 14.56 USD per kilogram. This structure suggests a trade in fungible bulk commodities, where pricing is likely influenced by global oil indices and grade specifications rather than brand differentiation.

Strategic Implication and Pricing Power

Analysis of HS Code 2710 trade data reveals that Argentina holds stronger pricing power in non-light petroleum oils due to their high volume and value share, making them a strategic focus for export growth. For light oils, the price dispersion implies opportunities in premium grades but also vulnerability to market fluctuations. Exporters should prioritize consistent quality and cost efficiency to leverage Argentina's position in HS Code 2710 exports, especially in non-light segments.

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

In Q2 2025, Paraguay was the dominant destination for Argentina's Petroleum oils exports, holding a 19.33% value share and 20.53% weight share. The slightly higher weight share compared to value suggests bulk shipments of lower-grade or crude oils, common in commodity trade. Paraguay's high frequency share of 22.05% indicates regular, frequent shipments, likely due to geographic proximity and stable supply chains for energy products.

Destination Countries Clusters and Underlying Causes

The top destinations form three clusters based on trade patterns. The Bulk Volume Cluster includes the United States, Brazil, and Chile, with high weight shares (17.45% to 9.42%) indicating large-scale imports for refining or consumption. The High-Value Cluster features Spain, where a 5.14% value share exceeds its 3.29% weight share, pointing to demand for premium or refined Petroleum oils. The Frequent Transaction Cluster comprises Paraguay and Uruguay, with frequency shares above 11%, driven by close regional ties and just-in-time energy logistics.

Forward Strategy and Supply Chain Implications

Argentina should prioritize expanding into high-value markets like Spain to increase margins for Petroleum oils exports. For bulk buyers like the United States and Brazil, optimizing logistics and securing long-term contracts can reduce costs. The trade data for HS Code 2710 shows opportunities to leverage geographic clusters for efficient distribution, without significant policy shifts indicated in recent news.

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 exports of non-light petroleum oils to bulk volume markets like the U.S. and Brazil, as Argentina's Petroleum oils Export strength lies in this high-volume, strategically dominant segment according to hs code 2710 trade data.
• Target premium, high-value markets like Spain with higher-grade light oils to improve profit margins, as their demand for refined products offers better returns on Argentina Petroleum oils Export.
• Secure long-term contracts with frequent, nearby partners like Paraguay and Uruguay to ensure stable demand and optimize the Petroleum oils supply chain for cost-efficient, regular shipments.
• Use hs code 2710 trade data to monitor unit price dispersion in light oils, avoiding low-margin grades and focusing production on consistent, profitable quality specifications.
• Mitigate geopolitical and price volatility risks by diversifying the Petroleum oils supply chain beyond a single dominant partner, using trade data to identify and develop new secondary markets.

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 Q2?

The extreme volatility in Argentina's Petroleum oils exports, peaking at $33.92 billion in April before collapsing to $0.45 billion in May and June, was likely triggered by external policy shifts, including simplified import rules for used capital goods, disrupting typical trade flows.

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

Paraguay dominated with a 19.33% value share, followed by the United States and Brazil, forming a bulk volume cluster, while Spain stood out in the high-value cluster with a 5.14% value share.

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

Price differences stem from product specialization: non-light oils (bulk, lower-priced at ~1.57–14.56 USD/kg) dominate, while light oils (premium, 1.43–23.07 USD/kg) and a rare high-value outlier (76.97 USD/kg) create dispersion.

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

Exporters should prioritize non-light petroleum oils (45.25% value share) for stable demand, target high-value markets like Spain, and optimize logistics for bulk buyers (e.g., the U.S. and Brazil) to mitigate volatility risks.

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

Bulk buyers (e.g., Paraguay, U.S.) benefit from reliable, low-cost supply, while high-value buyers (e.g., Spain) access premium grades. Frequent regional shipments to Paraguay/Uruguay ensure stable energy logistics.

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

Non-light oils are traded as fungible bulk commodities for refining or energy use, while light oils cater to specialized or premium applications, reflecting global oil index-linked pricing.

Detailed Monthly Report

Argentina HS2710 Export Snapshot 2025 APR

Argentina HS2710 Export Snapshot 2025 MAY

Argentina HS2710 Export Snapshot 2025 JUN