Argentina Soybean Oil Export Market -- HS Code 1507 Trade Data & Price Trend (Q1 2025)

Argentina Soybean Oil Export (HS 1507) Key Takeaways

Argentina’s soybean oil exports under HS Code 1507 in Q1 2025 were dominated by crude oil (93% share), reflecting a bulk commodity trade with limited pricing power. Unit prices rose from $2.02/kg in January to $2.21/kg by March, peaking in February before volume declined, signaling volatile demand. India absorbed over 56% of exports, reinforcing its role as the dominant bulk buyer, while Chile emerged as a high-frequency, small-scale market. This analysis, based on cleanly processed customs data from the yTrade database, covers Q1 2025 and highlights opportunities to diversify into refined products for higher margins.

Argentina Soybean Oil Export (HS 1507) Background

What is HS Code 1507?

HS Code 1507 covers soybean oil and its fractions, whether or not refined, but not chemically modified. It is a staple in food processing, biodiesel production, and industrial applications, driving consistent global demand due to its versatility and affordability. The product’s dual use in edible and non-edible sectors ensures its steady trade relevance.

Current Context and Strategic Position

Argentina’s soybean oil exports face strategic scrutiny as it dominates India’s refined oil imports, accounting for 67% of the value share in January 2025 [ytrade.com]. This aligns with broader trade tensions, evidenced by Argentina’s recent agreement to prevent price undercutting in other commodity exports to the U.S. (Federal Register). Argentina’s role as a top soybean oil exporter underscores its influence on global supply chains, necessitating close monitoring of hs code 1507 trade data for shifts in pricing or trade policy. Market vigilance is critical amid evolving trade dynamics.

Argentina Soybean Oil Export (HS 1507) Price Trend

Key Observations

Argentina's soybean oil exports in Q1 2025 reached a total value of $3.36 billion USD, with unit prices climbing from $2.02/kg in January to $2.21/kg in March. The Argentina Soybean Oil Export trend showed a strong start, peaking in February at $1.28 billion before moderating in March.

Price and Volume Dynamics

The sequential rise in value from January to February reflected robust demand, particularly from India, where Argentina dominated refined oil supplies as noted in import data [India Soybean Oil HS1507 Import Data 2025 January Overview]. However, March saw a decline in export volume despite higher prices, suggesting potential inventory drawdowns or seasonal shifts in global buying patterns. This hs code 1507 value trend indicates volatility typical of agricultural commodities, where export flows can quickly adjust to international market dynamics and competitive pressures.

Argentina Soybean Oil Export (HS 1507) HS Code Breakdown

Product Specialization and Concentration

In Q1 2025, Argentina's export under HS Code 1507 is dominated by crude soybean oil, which accounts for over 93% of the total value. According to yTrade data, this product—described as crude soybean oil, whether or not degummed—has a unit price of 2.09 USD per kilogram, indicating its role as a bulk commodity with minimal processing. The high concentration in this single sub-code shows a specialized export focus on raw materials.

Value-Chain Structure and Grade Analysis

The remaining exports consist of refined soybean oil variants, which are grouped into non-crude forms with unit prices ranging from 1.88 to 2.61 USD per kilogram. This structure confirms a trade in fungible bulk commodities, where crude oil is the primary output linked to global price indices, while refined products represent minor value-add stages with slight price variations based on processing level.

Strategic Implication and Pricing Power

For market players, the heavy reliance on crude soybean oil means limited pricing power, as exports are subject to commodity market fluctuations. Strategic efforts should focus on expanding refined product lines to capture higher margins. Analyzing HS Code 1507 trade data reveals opportunities for Argentina to diversify into more processed grades to enhance competitiveness.

Table: Argentina HS Code 1507) Breakdown Details (Source: yTrade)

Check Detailed HS Code 1507 Breakdown

Argentina Soybean Oil Export (HS 1507) Destination Countries

Geographic Concentration and Dominant Role

India is the dominant destination for Argentina's Soybean Oil exports in Q1 2025, accounting for over 56% of both value and weight shares. The nearly identical value and weight ratios indicate consistent unit pricing, around 2.10 USD per kilogram, suggesting balanced trade without significant premium or bulk discounts. Frequency share is lower at 17.83%, pointing to larger, less frequent shipments typical for bulk commodity exports.

Destination Countries Clusters and Underlying Causes

The top partners form two main clusters based on share profiles. India and Bangladesh comprise the Volume Cluster, with high weight shares (56.91% and 15.36% respectively), indicating bulk exports for processing or consumption. Chile stands out as a Transactional Cluster, with a high frequency share of 39.24% but low value and weight shares (around 2.5-3%), suggesting regular, small-scale shipments, likely for local retail or niche markets. Other countries like Peru and Pakistan have balanced shares, acting as minor but stable partners.

Forward Strategy and Supply Chain Implications

Argentina should prioritize maintaining its strong export relationship with India, where it leads in refined oil value, as supported by recent trade data [ytrade.com]. For the high-frequency shipments to Chile, optimizing logistics for smaller, frequent consignments can reduce costs. Focusing on value-added products, like refined oil, could enhance margins in key markets, leveraging Argentina's position in HS Code 1507 trade.

Table: Argentina Soybean Oil (HS 1507) Top Destination Countries (Source: yTrade)

Get Complete Destination Countries Profile

Action Plan for Soybean Oil Market Operation and Expansion

• Expand refined soybean oil exports using hs code 1507 trade data to target buyers in premium markets, because this captures higher margins and reduces reliance on volatile bulk commodity pricing for Argentina's Soybean Oil Export.
• Optimize the Soybean Oil supply chain for high-frequency, small-volume shipments to partners like Chile, as this logistical adjustment cuts costs and secures stable revenue from niche markets.
• Deepen the strategic export relationship with India by analyzing shipment frequency and volume data, ensuring supply security for this dominant partner and solidifying Argentina's role as a key processing hub.
• Continuously monitor hs code 1507 trade data for real-time price and demand shifts in key markets, enabling proactive adjustments to the Soybean Oil supply chain and protecting against geopolitical and index-driven price risks.

Take Action Now —— Explore Argentina Soybean Oil Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Argentina Soybean Oil Export 2025 Q1?

The rise in unit prices (from $2.02/kg in January to $2.21/kg in March) reflects strong demand, particularly from India, while the March volume decline suggests potential inventory adjustments or seasonal shifts in global markets.

Q2. Who are the main destination countries of Argentina Soybean Oil (HS Code 1507) 2025 Q1?

India dominates with 56% of Argentina’s soybean oil exports by value, followed by Bangladesh (15.36%) and Chile (2.5-3%).

Q3. Why does the unit price differ across destination countries of Argentina Soybean Oil Export?

Price differences stem from product grades—crude soybean oil (93% of exports, $2.09/kg) trades at bulk rates, while refined variants ($1.88-$2.61/kg) command slight premiums.

Q4. What should exporters in Argentina focus on in the current Soybean Oil export market?

Exporters should prioritize expanding refined oil lines to capture higher margins and optimize logistics for high-frequency, small shipments to markets like Chile.

Q5. What does this Argentina Soybean Oil export pattern mean for buyers in partner countries?

Buyers in India benefit from stable bulk supply, while Chilean importers gain from frequent, smaller shipments suited for retail or niche markets.

Q6. How is Soybean Oil typically used in this trade flow?

Argentina’s exports are primarily crude soybean oil (93%), a bulk commodity for further processing, with minor refined variants for direct consumption or niche applications.

Detailed Monthly Report

Argentina HS1507 Export Snapshot 2025 JAN

Argentina HS1507 Export Snapshot 2025 FEB