2025 Jun Colombia Petroleum oils (HS 2710) Export Snapshot: Volume Dip

June 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 13.89% month-on-month rise in unit price to $0.53/kg in June, despite a 12.79% drop in export value to $193.74M and a 23.42% decline in volume to 367.29M kg. The rebound in price followed a 3.87% dip in May, while export volumes continued to retreat after a 17.73% surge that month. Colombia's delayed customs overhaul, per Decree 659 of 2024, may have contributed to the erratic trade flows.

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

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Geographic Concentration & Market Logic

The UNITED STATES dominates Colombia's petroleum oils exports, accounting for 56.3% of value but 63.4% of weight, revealing a bulk hub dynamic where volume outweighs premium pricing—indicating raw or semi-processed flows. Puerto Rico, however, shows a premium market tilt (13.2% value vs. 10.8% weight), suggesting demand for higher-grade specifications. The overall structure leans toward cost-efficient mass logistics, with the US acting as the primary conduit for volume-driven trade, while niche markets like Puerto Rico capture higher margins. This gap underscores Colombia’s role as a volume-first supplier, optimizing for scale over value density.

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 2710191500 dominates Colombia's petroleum oils exports, accounting for 82.5% of shipment frequency and 31.7% of total value, despite lower per-unit volume compared to other sub-codes. The remaining sub-codes—primarily heavier oil variants—contribute sporadically but drive 38.9% of value (2710192100) and 30.1% of weight (2710192200), suggesting a bifurcated market: high-frequency, mid-value bulk shipments alongside fewer but weightier premium-grade exports. This signals Colombia’s HS Code 2710 export strategy balances volume efficiency with targeted high-margin opportunities, leveraging both recurring trade flows and niche demand. The absence of unit price data hints at negotiated bulk contracts, typical in commodity-driven markets.

(Analysis period: June 2025)

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 June?

Colombia's petroleum oils exports dropped 12.8% month-on-month to $193.74M in June, with volumes falling 23.4% to 367.29M kg. Unit prices rose 13.9% to $0.53/kg.

What are the top Export partners for Colombia Petroleum oils?

The United States ($108.42M), Puerto Rico ($25.40M), and Honduras ($12.39M) were the top destinations in June.

Who are the major Petroleum oils Buyers?

Aerovias del Continente Americano S.A led buyers with $23.13M in purchases, followed by Iberia Lineas Aereas de Espana S A ($3.25M) and Tampa Cargo SAS ($2.62M).

What is the specific HS Code for this trade?

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