Argentina Petroleum Oils Export Market -- HS Code 2710 Trade Data & Price Trend (Q3 2025)
Argentina Petroleum Oils Export (HS 2710) Key Takeaways
Argentina's petroleum oils exports (HS Code 2710) in Q3 2025 are dominated by non-light petroleum oils, accounting for 55% of export value, with pricing reflecting commodity-driven trade. Export values plummeted to zero in July before rebounding sharply to $7.1 billion in September, signaling volatile recovery amid global oil market shifts. Paraguay is the top destination with a 21.8% share, while regional neighbors like Uruguay and Brazil show demand for higher-value refined products. This analysis, covering Q3 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 derived from bituminous minerals (excluding 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 essential role in industrial processes.
Current Context and Strategic Position
In April 2025, Argentina simplified import procedures for used capital goods under Decree 273/2025, potentially impacting domestic industrial capacity and refining efficiency [Trade.gov]. For Argentina's petroleum oils export under HS Code 2710, this policy shift underscores the need to monitor how infrastructure upgrades could affect production and trade dynamics. Argentina remains a strategic player in this sector, leveraging its refining capabilities to meet regional and global demand. Vigilance in tracking hs code 2710 trade data is essential to assess how these developments influence export volumes and competitiveness.
Argentina Petroleum Oils Export (HS 2710) Price Trend
Key Observations
The Argentina Petroleum oils Export trend in Q3 2025 exhibited significant volatility, with export values dropping to zero in July before rebounding sharply to 7.10 billion USD in September. This quarter's performance highlights a recovery from mid-year disruptions, though overall export value momentum was uneven.
Price and Volume Dynamics
Leading into Q3, the hs code 2710 value trend showed a pattern of high early-year exports—peaking at 33.92 billion USD in April—followed by a steep decline to minimal levels in May and June, culminating in no exports in July. The sequential recovery in August and September, with values rising to 6.77 billion and 7.10 billion USD respectively, suggests a reset in export flows, potentially driven by adjustments in global oil demand or domestic production cycles amid broader economic shifts. This rebound aligns with typical inventory recalibration phases in the energy sector, where export volumes can fluctuate based on pricing signals and operational timelines.
Argentina Petroleum Oils Export (HS 2710) HS Code Breakdown
Product Specialization and Concentration
According to yTrade data, Argentina's HS Code 2710 export in Q3 2025 is highly concentrated in non-light petroleum oils, specifically the sub-code for petroleum oils not light oils and preparations, which accounts for 55.24% of the export value. This product has a unit price of about 3.58 USD per kilogram. An extreme price anomaly is present in the light oils sub-code, with a unit price of 11.04 USD per kilogram, which is isolated from the main analysis due to its outlier status.
Value-Chain Structure and Grade Analysis
The remaining sub-codes fall into three groups: non-light petroleum oils, light petroleum oils, and biodiesel-containing oils. Their unit prices are generally low, ranging from 0.5 to 3.58 USD per kilogram, indicating a trade in fungible bulk commodities rather than differentiated manufactured goods. This structure is typical for raw or semi-processed materials linked to commodity indices.
Strategic Implication and Pricing Power
HS Code 2710 trade data shows that Argentina's export is commodity-driven, with limited pricing power influenced by global oil markets. Strategic focus should prioritize volume management and cost control for the dominant non-light oils segment to maintain competitiveness.
Table: Argentina HS Code 2710) Breakdown Details (Source: yTrade)
| HS Code | Product Description | Value | Frequency | Quantity | Weight |
|---|---|---|---|---|---|
| 271019***** | 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 | 7.66B | 2.52K | 2.14B | 0.00 |
| 271012***** | 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; light oils and preparations | 3.98B | 64.00 | 360.61M | 0.00 |
| 271019***** | 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 | 1.03B | 1.40K | 1.63B | 0.00 |
| 2710** | ******** | ******** | ******** | ******** | ******** |
Check Detailed HS Code 2710 Breakdown
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 Q3 2025, holding a 21.8% value share. The value and quantity shares for Paraguay are nearly equal at 21.8% and 21.6%, respectively, indicating a balanced trade without strong signs of premium or bulk focus. The frequency share is slightly higher at 23.1%, suggesting regular shipment patterns typical for commodity exports like petroleum oils.
Destination Countries Clusters and Underlying Causes
The export partners can be grouped into two main clusters based on share profiles. First, a High-Yield Cluster includes Uruguay, Brazil, Chile, Spain, and Peru, where value shares exceed quantity shares. For example, Uruguay's value share is 6.6% against a 5.0% quantity share, pointing to demand for higher-value refined petroleum products. Second, a Volume/Hub Cluster consists of Bonaire, Bahamas, and Netherlands, where quantity shares outweigh value shares. Bonaire has a 6.7% quantity share versus a 4.2% value share, indicating roles as transshipment hubs or destinations for bulk crude oil. The high frequency from neighbors like Paraguay and Brazil supports consistent supply chains in regional trade.
Forward Strategy and Supply Chain Implications
For Argentina's Petroleum oils exports, targeting high-yield markets like Uruguay and Brazil could involve emphasizing refined products to capture better margins. Optimizing logistics for volume hubs such as Bonaire may require efficient bulk shipping solutions. The steady frequency to nearby countries underscores the need for reliable supply chain management to maintain export flows. Analyzing HS Code 2710 trade data shows opportunities to diversify into premium markets while strengthening bulk handling capabilities.
Table: Argentina Petroleum Oils (HS 2710) Top Destination Countries (Source: yTrade)
| Country | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| PARAGUAY | 413.28M | 658.04M | 805.00 | N/A |
| BRAZIL | 306.93M | 459.89M | 606.00 | N/A |
| UNITED STATES | 186.26M | 306.20M | 162.00 | N/A |
| CHILE | 172.19M | 263.71M | 448.00 | N/A |
| URUGUAY | 125.29M | 151.46M | 364.00 | N/A |
| SPAIN | ****** | ****** | ****** | ****** |
Get Complete Destination Countries Profile
Action Plan for Petroleum Oils Market Operation and Expansion
- Use hs code 2710 trade data to prioritize high-yield markets like Uruguay and Brazil for refined products, as their value-to-quantity ratios indicate a demand for higher-margin goods and can increase overall profitability for the Argentina Petroleum oils Export.
- Optimize the Petroleum oils supply chain for bulk shipping to volume hubs like Bonaire, ensuring cost-effective logistics for low-margin, high-volume shipments to maintain competitiveness in key transshipment markets.
- Strengthen supply agreements with Paraguay, leveraging its consistent shipment frequency to ensure stable revenue streams and reinforce Argentina's role as a reliable regional supplier of petroleum oils.
- Monitor the light oils sub-code price anomaly closely using detailed hs code 2710 trade data, as it may signal niche market opportunities or pricing shifts that could be exploited for premium gains.
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 Q3?
Argentina's petroleum oils exports in Q3 2025 showed extreme volatility, dropping to zero in July before rebounding sharply to 7.10 billion USD in September. This reflects mid-year disruptions and a recovery phase tied to global oil demand shifts and domestic production cycles.
Q2. Who are the main destination countries of Argentina Petroleum oils (HS Code 2710) 2025 Q3?
Paraguay dominates with a 21.8% value share, followed by Uruguay (6.6%) and Brazil. High-yield markets like Uruguay and Brazil demand refined products, while volume hubs like Bonaire handle bulk crude.
Q3. Why does the unit price differ across destination countries of Argentina Petroleum oils Export?
Price differences stem from product specialization: non-light oils (55.24% share, ~3.58 USD/kg) trade as bulk commodities, while light oils (11.04 USD/kg) are outliers. High-yield markets pay premiums for refined products.
Q4. What should exporters in Argentina focus on in the current Petroleum oils export market?
Exporters should prioritize volume management for non-light oils (dominant segment) while targeting high-yield markets like Uruguay and Brazil with refined products to improve margins.
Q5. What does this Argentina Petroleum oils export pattern mean for buyers in partner countries?
Buyers in high-yield markets (e.g., Uruguay) can access premium refined products, while volume hubs (e.g., Bonaire) benefit from stable bulk crude supply. Regional partners like Paraguay enjoy consistent shipments.
Q6. How is Petroleum oils typically used in this trade flow?
Argentina’s exports are primarily fungible bulk commodities (e.g., non-light oils) for energy production or refining, with limited differentiation, aligning with global commodity market dynamics.
Detailed Monthly Report
Argentina Petroleum Oils Export Market -- HS Code 2710 Trade Data & Price Trend (Q2 2025)
Argentina's Petroleum oils (HS Code 2710) exports in Q2 2025 saw non-light oils dominate 45.25% of value, with extreme volatility from $33.92B to $0.45B, per yTrade data. Paraguay led with 19.33% share.
Argentina Petroleum Oils Export Market -- HS Code 2710 Trade Data & Price Trend (Sep 2025)
Argentina's Petroleum oils (HS Code 2710) exports hit $7.10B in Sept 2025, led by Paraguay (20.67%) and Brazil, with 54% from heavier grades. Data via yTrade.
