Argentina Soybean Oilcake Export Market -- HS Code 230400 Trade Data & Price Trend (May 2025)

Argentina Soybean Oilcake Export (HS 230400) Key Takeaways

Argentina's soybean oilcake export (HS Code 230400) is overwhelmingly concentrated in bulk-grade soya-bean oilcake residues (99% of volume), traded as a fungible commodity with limited pricing power. May 2025 saw a sharp contraction to $731.43M, reflecting volatile global demand after April's peak. Vietnam dominates as the top destination (12.28% share), while Italy and Iran form a high-frequency cluster, suggesting differentiated supply chain needs. This analysis covers May 2025 and is based on cleanly processed customs data from the yTrade database.

Argentina Soybean Oilcake Export (HS 230400) Background

What is HS Code 230400?

HS Code 230400 refers to oil-cake and other solid residues of soya-bean, commonly known as soybean oilcake. This product is a key byproduct of soybean oil extraction, widely used as a high-protein animal feed ingredient in livestock and poultry industries. Global demand remains stable due to its cost-effectiveness and nutritional value, making it a critical commodity in agricultural trade.

Current Context and Strategic Position

According to [WITS Data], Argentina's trade dynamics, including exports and imports, are under scrutiny as the country navigates evolving global market conditions. For Soybean oilcake Export from Argentina, this underscores the importance of monitoring trade policies and competitive positioning. Argentina is a major player in this sector, leveraging its robust soybean processing industry to meet international demand. Strategic vigilance is essential to maintain its export competitiveness, particularly for hs code 230400 trade data, which reflects broader agricultural trade trends.

Argentina Soybean Oilcake Export (HS 230400) Price Trend

Key Observations

Argentina's Soybean oilcake exports in May 2025 reached 731.43 million USD, representing a sharp contraction in value compared to previous months.

Price and Volume Dynamics

The Argentina Soybean oilcake Export trend showed volatility in early 2025, with value peaking at 1.93 billion USD in April before the steep drop in May. This fluctuation aligns with broader trade dynamics highlighted in recent merchandise data [WITS Data], where shifts in global demand and supply chains for agricultural byproducts like hs code 230400 can drive rapid changes. The sequential decline from April to May suggests potential headwinds in key export markets or seasonal adjustments post-harvest, common in soybean processing industries.

Argentina Soybean Oilcake Export (HS 230400) HS Code Breakdown

Product Specialization and Concentration

According to yTrade data for May 2025, Argentina's export under HS Code 230400 is almost entirely concentrated in sub-code 23040010100, which covers oil-cake and solid residues from soya-bean oil extraction. This sub-code holds over 99% of the export value and volume, showing a strong focus on this specific product form. The minimal presence of other sub-codes, like 23040090200, is negligible and does not affect the overall market structure.

Value-Chain Structure and Grade Analysis

The trade data for HS Code 230400 exports from Argentina reveals a simple, bulk-oriented structure, with nearly all activity centered on a single product type. This uniformity suggests that soybean oilcake is traded as a fungible commodity, likely tied to global agricultural indices, with no significant differentiation in quality or processing stages among the sub-codes. The minor sub-code may represent a rare variant, but it does not form a distinct category.

Strategic Implication and Pricing Power

For players in Argentina's HS Code 230400 export market, the high concentration in one product type means limited pricing power, as values are probably driven by commodity market trends rather than product differentiation. Strategic focus should remain on cost efficiency and volume management to compete effectively, given the homogeneous nature of the trade.

Check Detailed HS Code 230400 Breakdown

Argentina Soybean Oilcake Export (HS 230400) Destination Countries

Geographic Concentration and Dominant Role

Vietnam is the dominant destination for Argentina's Soybean oilcake exports in May 2025, holding a 12.28% share of the total export value. The value share and quantity share for Vietnam are both 12.28%, with a lower frequency share of 6.79%, indicating consistent bulk trade without significant price variations. Across the top destinations, value and quantity shares are closely aligned for most countries, suggesting uniform pricing for this commodity, typical of bulk agricultural products like soybean oilcake.

Destination Countries Clusters and Underlying Causes

The top destinations can be grouped into two clusters based on shipment frequency. Italy and Iran form a high-frequency cluster, where frequency shares (12.08% and 8.68%) are notably higher than their value shares (9.02% and 4.36%), pointing to more frequent, possibly smaller shipments. This pattern may arise from direct supply chains to animal feed processors requiring regular, just-in-time deliveries. The remaining countries, including Vietnam, Malaysia, and Spain, constitute a bulk cluster with balanced value and quantity shares, reflecting standard large-volume shipments for industrial or agricultural use.

Forward Strategy and Supply Chain Implications

For Argentina's Soybean oilcake export strategy, focusing on cost-efficient bulk logistics for the volume-heavy cluster can maintain competitiveness, while enhancing shipment flexibility and reliability for high-frequency partners like Italy and Iran could capture recurring demand. Analyzing trade data for HS Code 230400 shows opportunities to streamline supply chains for this key agricultural export, ensuring stable delivery to major markets.

Table: Argentina Soybean Oilcake (HS 230400) Top Destination Countries (Source: yTrade)

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Action Plan for Soybean Oilcake Market Operation and Expansion

• Monitor global soya-bean commodity indices and Argentina's Soybean oilcake Export pricing trends using hs code 230400 trade data to adjust offer timing and capture favorable price windows, because this commodity's value is index-driven and not product-differentiated.
• Analyze shipment frequency and volume patterns for high-frequency buyers like Italy within the Soybean oilcake supply chain to optimize logistics scheduling and ensure reliable, just-in-time delivery, securing recurring contracts and premium service opportunities.
• Streamline port operations and bulk vessel loading for major volume destinations like Vietnam to reduce handling costs and transit times for Argentina Soybean oilcake Export, maintaining competitiveness in price-sensitive bulk markets.
• Use hs code 230400 trade data to track real-time demand shifts and emerging buyers in Southeast Asia and Europe, enabling proactive market targeting and supply allocation to avoid oversupply in stagnant regions.

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 May?

Argentina's Soybean oilcake exports dropped sharply to $731.43 million in May 2025 after peaking at $1.93 billion in April, likely due to global demand shifts or post-harvest seasonal adjustments in soybean processing.

Q2. Who are the main destination countries of Argentina Soybean oilcake (HS Code 230400) 2025 May?

Vietnam dominates with a 12.28% share, followed by Italy (9.02%) and Iran (4.36%), reflecting bulk trade and high-frequency shipment clusters.

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

Pricing is uniform, as nearly all exports are concentrated in a single bulk-grade sub-code (23040010100), traded as a fungible commodity tied to global indices.

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

Exporters should prioritize cost-efficient bulk logistics for volume-heavy markets like Vietnam while enhancing flexibility for high-frequency buyers like Italy and Iran.

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

Buyers can expect stable, large-volume supply at commodity-driven prices, with niche opportunities for smaller, frequent shipments in select markets.

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

Soybean oilcake (HS 230400) is primarily used as animal feed, traded in bulk for industrial agricultural or livestock production.