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

Argentina Petroleum Oils Export (HS 2710) Key Takeaways

Argentina's Petroleum oils exports under HS Code 2710 surged to $7.10 billion in September 2025, rebounding from mid-year volatility, driven by pro-export policies. The market is dominated by non-light petroleum oils, with a single sub-code capturing 54% of export value, signaling strong specialization in heavier grades. Paraguay leads as the top destination (20.67% value share), followed by Brazil, reflecting regional demand for higher-grade products, while bulk shipments flow to hubs like Bonaire. This analysis, covering September 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), including 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. The stability of this demand underscores the importance of monitoring trade flows under this classification.

Current Context and Strategic Position

Argentina recently eliminated export duties on certain goods, including petroleum oils, under Decree No. 682, effective until October 2025 [KPMG]. This policy shift aims to boost competitiveness and streamline exports, positioning Argentina as a key player in the global petroleum oils market. Given the country's significant production capacity, this move could enhance its export volumes and market share. Monitoring Argentina's petroleum oils export trends under HS Code 2710 is essential for stakeholders navigating this evolving trade landscape.

Argentina Petroleum Oils Export (HS 2710) Price Trend

Key Observations

Argentina's Petroleum oils exports under hs code 2710 reached $7.10 billion in September 2025, signaling a robust recovery after a mid-year contraction. This performance underscores a positive shift in the export value trend for the month.

Price and Volume Dynamics

The Argentina Petroleum oils Export trend exhibited high volatility throughout 2025, with value surging to $33.92 billion in April before plummeting to near-zero levels by July, then rebounding to $6.77 billion in August and $7.10 billion in September. This sequential growth from July onward aligns with Argentina's broader pro-export policy environment, including the recent elimination of export duties on certain goods [KPMG], which likely supported renewed trading momentum and global demand cycles for energy products.

Argentina Petroleum Oils Export (HS 2710) HS Code Breakdown

Product Specialization and Concentration

According to yTrade data, Argentina's export of HS Code 2710 in September 2025 is highly concentrated in non-light petroleum oils, specifically the product described as petroleum oils not containing biodiesel and not light, under sub-code 27101921000. This single sub-code dominates with over 54% of the total export value, indicating a strong specialization in heavier grade oils, despite the lack of unit price data for detailed disparity analysis.

Value-Chain Structure and Grade Analysis

The export structure for HS Code 2710 splits into two main groups: light petroleum oils and a smaller segment with biodiesel-containing products. Light oils, such as those under sub-codes like 27101259129, contribute significantly to quantity but have lower value shares, pointing to a trade in fungible bulk commodities where volume drives the market. The inclusion of biodiesel variants suggests a niche for value-added products, but the overall market leans towards standardized refined oils rather than highly differentiated goods.

Strategic Implication and Pricing Power

Argentina's export profile under HS Code 2710 gives it pricing power in non-light oils due to high value concentration, while light oils face more competitive pressures. Exporters should prioritize quality control and market intelligence for specialized grades to maintain margins, and adapt to potential demand changes in lighter or biodiesel blends. Analysis of HS Code 2710 trade data shows that focusing on high-value segments can strengthen Argentina's position in global petroleum markets.

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

In September 2025, Paraguay was the dominant destination for Argentina's Petroleum oils exports, holding a 20.67% value share. The value and quantity shares are nearly equal at 20.67% and 19.97%, indicating trade in balanced grades without strong premium or bulk bias. Brazil follows with a 15.78% value share, also showing a slight value premium over quantity. The United States and Bonaire have higher quantity shares, suggesting bulk shipments of lower-value variants.

Destination Countries Clusters and Underlying Causes

The top partners form two clusters based on trade profiles. The High-Yield Cluster includes Paraguay, Brazil, Chile, and Uruguay, where value shares exceed quantity shares, pointing to demand for higher-grade Petroleum oils, likely due to regional refining needs or premium market access. The Volume Cluster consists of Bonaire, the United States, and the Bahamas, with quantity shares outweighing value, indicating large-volume, lower-value shipments, possibly for storage, transshipment, or bulk processing in hub locations like Caribbean islands.

Forward Strategy and Supply Chain Implications

Argentina should prioritize maintaining high-value trade with neighboring countries while optimizing logistics for bulk buyers to reduce costs. For Petroleum oils exports, leveraging regional pipelines and ports can enhance efficiency for volume shipments to hubs like Bonaire. Monitoring trade data for HS Code 2710 will help capture shifts in high-margin markets and bulk demand patterns.

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

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Action Plan for Petroleum Oils Market Operation and Expansion

• Prioritize high-value trade with Paraguay and Brazil using hs code 2710 trade data to target shipments of non-light oils, as these neighboring markets consistently show a value premium over quantity, securing higher margins for the Argentina Petroleum oils Export.
• Optimize the Petroleum oils supply chain for bulk shipments to hubs like Bonaire and the US by negotiating volume-based port fees and charter rates, reducing per-unit logistics costs for large-quantity, lower-value exports.
• Develop a market intelligence system tracking sub-code demand shifts in hs code 2710 trade data to quickly pivot export volumes toward premium non-light oils or biodiesel blends, capturing emerging price premiums and avoiding commodity competition.
• Invest in quality certification for specialized heavy oil grades to defend Argentina's pricing power in its dominant export segment, ensuring consistent product standards that justify value-based pricing in key 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 September?

Argentina's Petroleum oils exports rebounded to $7.10 billion in September 2025 after a mid-year contraction, supported by pro-export policies like duty eliminations and global demand cycles for energy products.

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

Paraguay dominated with a 20.67% value share, followed by Brazil (15.78%), while the U.S. and Bonaire had higher quantity shares for bulk shipments.

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

Prices vary due to trade in higher-grade oils (e.g., non-light petroleum oils under 27101921000) for premium markets like Paraguay, versus bulk shipments of lighter or biodiesel blends to hubs like Bonaire.

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

Exporters should prioritize quality control for high-value non-light oils to maintain margins in premium markets (e.g., Paraguay) while optimizing logistics for bulk buyers (e.g., Bonaire).

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

Buyers in neighboring countries (e.g., Paraguay, Brazil) benefit from reliable high-grade supply, while bulk buyers (e.g., U.S., Bonaire) gain cost advantages from large-volume shipments.

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

Heavier grades (non-light oils) are likely refined for industrial or transport use, while lighter oils and biodiesel blends serve bulk processing or storage needs.