2025 Jan Colombia Refined petroleum (HS 2710) Export Snapshot: Key Trends

January Trend: Colombia Refined petroleum Export

Refined petroleum, 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), recorded exports worth 183.01M USD in January, with a total volume of 357.96M kg at an average unit price of $0.51/kg. The data marks the first reported figures for the year, with no prior monthly comparison available. A regulatory update to the EU's Combined Nomenclature and Common Customs Tariff, effective January 2025, may influence future trade flows, though its immediate impact remains unquantified.

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

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Geographic Concentration & Market Logic

The UNITED STATES dominates Colombia's refined petroleum exports, accounting for 42.78% of value but only 44.68% of weight—a near-parity suggesting balanced trade in both premium and bulk segments. However, NORFOLK ISLAND stands out with a Value-Volume Gap: 16.99% of value vs. 21.87% of weight, indicating it serves as a bulk hub for lower-value shipments. Spain and Nigeria show tighter alignment (7.55% value/4.94% weight and 11.59% value/15.19% weight, respectively), hinting at diversified demand tiers. The supply chain prioritizes cost-efficient bulk flows to secondary markets, with the U.S. absorbing higher-value output. Strategic Takeaway: Colombia’s export structure is bifurcated—premium focus for the U.S., volume-driven for niche hubs.

Table: Colombia Refined Petroleum (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 refined petroleum exports, capturing 48% of value and 59% of quantity—a clear volume-driven leader. The remaining sub-codes are fragmented, with only 2710191500 showing notable frequency (87% of shipments) but half the value, suggesting a secondary market for lower-margin bulk. This Colombia HS Code 2710 Export dynamic confirms a reliance on high-volume, low-cost shipments, with minimal premium product penetration. The absence of unit price data obscures quality differentiation, but the weight-to-value ratios point to commoditized trade. Expect stability in bulk-driven flows unless premium sub-codes gain traction.

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

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Colombia Refined Petroleum Buyers List

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

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Frequently Asked Questions

How did Colombia Refined petroleum Export perform in January?

Colombia exported $183.01M worth of refined petroleum in January, totaling 357.96M kg at an average unit price of $0.51/kg.

What are the top Export partners for Colombia Refined petroleum?

The top destinations were the United States ($78.30M), Norfolk Island ($31.08M), and Nigeria ($21.21M).

Who are the major Refined petroleum Buyers?

Buyers are primarily aviation companies, led by Aerovias del Continente Americano S.A ($27.62M) and Iberia Lineas Aereas de Espana S.A ($3.67M).

What is the specific HS Code for this trade?

The data covers HS Code 2710, with significant activity in petroleum oils and oils from bituminous minerals (non-crude, non-waste).