Argentina Soybean Oilcake Export Market -- HS Code 2304 Trade Data & Price Trend (Q3 2025)
Argentina Soybean Oilcake Export (HS 2304) Key Takeaways
Argentina's soybean oilcake exports under HS Code 2304 surged in Q3 2025, rebounding to $2.11 billion after a mid-year collapse, driven by the temporary removal of export duties. The market is dominated by bulk soybean oilcake residues (99.97% of value), with no product differentiation, leaving pricing tied to global feed indices. Vietnam emerged as the top destination (14.02% value share), signaling demand for higher-grade variants, while Iran showed high-frequency, smaller shipments. This analysis covers Q3 2025 and is based on cleanly processed customs data from the yTrade database.
Argentina Soybean Oilcake Export (HS 2304) Background
What is HS Code 2304?
HS Code 2304 refers to soybean oilcake, a byproduct of soybean oil extraction. It includes solid residues, whether ground or pelleted, primarily used as high-protein animal feed in livestock and poultry industries. Global demand remains stable due to its cost-effectiveness and nutritional value, making it a key commodity in agricultural trade.
Current Context and Strategic Position
Argentina's soybean oilcake exports are strategically positioned amid recent policy shifts. On September 22, 2025, the government eliminated export duties on grains and by-products, including HS Code 2304, until October 2025 [Aduana News]. This temporary measure aims to boost competitiveness and alleviate pressure on agricultural exporters. Argentina, as a top global supplier of soybean oilcake, plays a critical role in meeting international demand, particularly from Asia and Europe. Market participants should monitor these policy changes closely, as they could significantly influence trade dynamics in Q3 2025.
Argentina Soybean Oilcake Export (HS 2304) Price Trend
Key Observations
Argentina's soybean oilcake exports rebounded sharply in Q3 2025, reaching a combined value of $2.11 billion USD in August and September. This recovery followed a significant mid-year contraction, with July recording no export activity.
Price and Volume Dynamics
The Argentina Soybean oilcake export trend showed pronounced volatility through 2025. After strong performance in early months, values collapsed to $731 million in May and $678 million in June before hitting zero in July. The subsequent rebound to over $1 billion monthly in August and September aligns directly with Argentina's late September policy eliminating export duties on grains and by-products through October [Aduana News]. This policy shift likely unlocked pent-up supply, reversing the previous months' constraints. The hs code 2304 value trend demonstrates how agricultural export flows remain highly sensitive to fiscal policy changes in Argentina, with the temporary duty suspension providing immediate relief to exporters during the key Southern Hemisphere marketing season.
Argentina Soybean Oilcake Export (HS 2304) HS Code Breakdown
Product Specialization and Concentration
According to yTrade data for Argentina's HS Code 2304 exports in Q3 2025, the market is almost entirely dominated by a single product type: oil-cake and other solid residues from soya-bean oil extraction under code 23040010100. This one sub-code accounts for 99.97% of the total export value and 95.1% of the quantity shipped by weight, showing extreme concentration in a bulk commodity form.
Value-Chain Structure and Grade Analysis
The remaining export activity is minimal and consists of two other codes for the same base product description. This structure confirms that Argentina's export of soybean oilcake under HS Code 2304 is a classic bulk commodity trade. All shipments are in solid residue form, primarily used as animal feed, with no significant value-add stages or quality grades present in the trade flow.
Strategic Implication and Pricing Power
For sellers in Argentina's HS Code 2304 export market, pricing power is low and directly tied to global commodity indices for feed ingredients. The strategic focus must remain on cost-efficient bulk logistics and competitive pricing, as the product is undifferentiated. Buyers of Argentina's HS Code 2304 trade data will find a market with minimal product variation, where volume and price are the only real competitive factors.
Table: Argentina HS Code 2304) Breakdown Details (Source: yTrade)
| HS Code | Product Description | Value | Frequency | Quantity | Weight |
|---|---|---|---|---|---|
| 230400***** | Oil-cake and other solid residues; whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil | 2.11B | 670.00 | 7.32M | 0.00 |
| 230400***** | Oil-cake and other solid residues; whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil | 447.76K | 14.00 | 376.54K | 0.00 |
| 230400***** | Oil-cake and other solid residues; whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil | 99.60K | 8.00 | 224.00 | 0.00 |
| 2304** | ******** | ******** | ******** | ******** | ******** |
Check Detailed HS Code 2304 Breakdown
Argentina Soybean Oilcake Export (HS 2304) Destination Countries
Geographic Concentration and Dominant Role
In Q3 2025, Vietnam was the dominant destination for Argentina's Soybean oilcake exports, holding a 14.02% value share. Vietnam's value share slightly exceeds its quantity share (13.33%), suggesting demand for higher-grade or processed variants of this commodity. The frequency share is lower at 9.54%, indicating larger, less frequent shipments rather than small-ticket trade.
Destination Countries Clusters and Underlying Causes
The top destinations form two clusters based on trade patterns. The High-Value Cluster includes Vietnam, Turkey, and Indonesia, where value shares lead quantity shares, pointing to premium pricing for quality Soybean oilcake. The Transactional Cluster features Iran, with a high frequency share (7.66%) relative to value (4.77%), likely due to frequent, smaller shipments driven by regional demand or logistics efficiency. Other countries like Ecuador and Saudi Arabia show balanced profiles, typical for bulk commodity trade.
Forward Strategy and Supply Chain Implications
To maximize returns, Argentina should prioritize high-value markets like Vietnam and Turkey, where premium products fetch better prices. The temporary elimination of export duties on grains and by-products until October 2025 [Aduana News] likely boosted Q3 exports, supporting this strategy. Optimizing logistics for high-frequency partners like Iran can reduce costs and enhance supply chain reliability for HS Code 2304 trade.
Table: Argentina Soybean Oilcake (HS 2304) Top Destination Countries (Source: yTrade)
| Country | Value | Quantity | Frequency | Weight |
|---|---|---|---|---|
| VIETNAM | 295.52M | 1.03M | 66.00 | N/A |
| TURKEY | 153.07M | 535.17K | 38.00 | N/A |
| INDONESIA | 136.04M | 482.75K | 30.00 | N/A |
| ECUADOR | 114.91M | 389.03K | 37.00 | N/A |
| SAUDI ARABIA | 111.69M | 389.23K | 29.00 | N/A |
| MALAYSIA | ****** | ****** | ****** | ****** |
Get Complete Destination Countries Profile
Action Plan for Soybean Oilcake Market Operation and Expansion
- Target high-value markets like Vietnam and Turkey using hs code 2304 trade data to prioritize shipments, as their demand for premium product supports better pricing for the Argentina Soybean oilcake Export.
- Optimize bulk logistics for high-frequency partners like Iran to reduce shipping costs and improve reliability, strengthening the entire Soybean oilcake supply chain.
- Monitor global feed commodity indices and policy updates closely to adjust pricing strategies swiftly, capitalizing on opportunities like the temporary duty elimination to maximize returns.
- Analyze buyer frequency and shipment size data to forecast demand cycles and prevent inventory overstock, ensuring operational efficiency in Argentina's Soybean oilcake Export operations.
Take Action Now —— Explore Argentina Soybean oilcake Export Data
Frequently Asked Questions
Q1. What is driving the recent changes in Argentina Soybean oilcake Export 2025 Q3?
Argentina's Soybean oilcake exports rebounded sharply in Q3 2025 after a mid-year contraction, driven by the temporary elimination of export duties until October. This policy shift unlocked pent-up supply, with August and September exports exceeding $1 billion monthly.
Q2. Who are the main destination countries of Argentina Soybean oilcake (HS Code 2304) 2025 Q3?
Vietnam is the top destination, accounting for 14.02% of export value, followed by Turkey and Indonesia. These markets form a High-Value Cluster where value shares exceed quantity shares, indicating premium pricing.
Q3. Why does the unit price differ across destination countries of Argentina Soybean oilcake Export?
Price differences stem from demand for higher-grade variants in markets like Vietnam, where value shares lead quantity shares. In contrast, transactional markets like Iran prioritize frequent, smaller shipments of standard bulk commodity.
Q4. What should exporters in Argentina focus on in the current Soybean oilcake export market?
Exporters should prioritize high-value markets (Vietnam, Turkey) to maximize returns and optimize logistics for high-frequency partners like Iran to reduce costs. The product’s undifferentiated nature requires competitive pricing and bulk efficiency.
Q5. What does this Argentina Soybean oilcake export pattern mean for buyers in partner countries?
Buyers in high-value markets can expect premium-quality shipments, while transactional markets receive cost-efficient bulk cargo. Global commodity indices heavily influence pricing, with minimal product differentiation.
Q6. How is Soybean oilcake typically used in this trade flow?
Argentina’s HS Code 2304 exports are almost entirely bulk soybean oilcake residues (99.97% of value), primarily used as animal feed. No significant value-add stages or quality grades are present in the trade flow.
Detailed Monthly Report
Argentina Soybean Oilcake Export Market -- HS Code 2304 Trade Data & Price Trend (Q2 2025)
Argentina's Soybean oilcake (HS Code 2304) exports to Vietnam surged in Q2 2025 despite a market-wide decline, driven by premium demand, per yTrade data.
Argentina Soybean Oilcake Export Market -- HS Code 2304 Trade Data & Price Trend (Sep 2025)
Argentina's soybean oilcake (HS Code 2304) exports hit $1.01B in Sept 2025, dominated by bulk-grade 23040010100, with Vietnam as top buyer (12.8% share), per yTrade data.
