2025 Feb Colombia Petroleum oils (HS 2710) Export Snapshot: Sharp Drop

February Trend: Colombia Petroleum oils Export

Petroleum oils, classified under HS Code 2710 (Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70% or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils), saw a sharp decline in February, with exports dropping 51.98% MoM to $87.88M. Shipments fell 42.81% by volume to 204.71M kg, while unit prices slid 16.03% to $0.43/kg. The downturn follows January’s $183.01M in export value and 357.96M kg in volume, though no external drivers were reported.

Table: Colombia Petroleum Oils Export Trend (Source: yTrade)

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Geographic Concentration & Market Logic

Colombia's petroleum oils exports are heavily concentrated in the United States, which accounts for 48.4% of value but 49.7% of weight, indicating a balanced trade of crude or mid-grade products. The value-volume gap narrows further with Egypt (22.2% value vs. 25.5% weight) and Bonaire (16.4% vs. 18.2%), suggesting these are bulk hubs for raw or semi-processed shipments. In contrast, Venezuela shows a stark divergence—2.4% value vs. 0.8% weight—implying premium-grade flows, possibly refined products. The supply chain prioritizes cost-efficient bulk exports to key regional partners, with the U.S. as the anchor market for both volume and value.

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

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Colombia HS Code 2710 Breakdown & Value Logic

yTrade data reveals HS Code 2710192200 dominates Colombia's petroleum oil exports, capturing 65.3% of value and 71.8% of weight—a clear bulk-volume play. The remaining sub-codes are fragmented, with none exceeding 15.7% value share, signaling a market skewed toward high-volume, low-margin shipments. The absence of unit price data suggests commoditized pricing, typical of Colombia HS Code 2710 Export dynamics. This structure indicates reliance on scale over premium differentiation, with secondary codes like 2710192900 and 2710191500 playing minor supporting roles. The export profile is unmistakably volume-driven, not value-driven.

Table: Colombia (HS Code 2710) Breakdown Details (Source: yTrade)

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Colombia Petroleum Oils Buyers List

Table: Colombia Petroleum Oils (HS Code 2710) Top Buyers List (Source: yTrade)

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Frequently Asked Questions

How did Colombia Petroleum oils Export perform in February?

Colombia's petroleum oils exports dropped 52% month-on-month to $87.88M in February, with volumes down 43% to 204.71M kg. Unit prices fell 16% to $0.43/kg.

What are the top Export partners for Colombia Petroleum oils?

The United States ($35.52M), Egypt ($16.27M), and Bonaire ($12.00M) were the top destinations.

Who are the major Petroleum oils Buyers?

Buyers are concentrated among airlines, including Tampa Cargo S.A.S ($1.29M), Aerovias del Continente Americano S.A ($1.16M), and LATAM Airlines Group ($985K).

What is the specific HS Code for this trade?

The data covers HS Code 2710, with significant activity in petroleum oils not containing biodiesel (271019****).