Mexico Crude Oil HS2709 Export Data 2025 March Overview

Mexico Crude Oil (HS 2709) 2025 March Export: Key Takeaways

Mexico's Crude Oil Export (HS Code 2709) for 2025 March reveals a high-value regional trade bloc with the U.S., which commands 47% of trade frequency and pays premium prices ($0.46/kg) for higher-grade crude, while distant refiners like Spain and South Korea absorb heavier grades at competitive rates. Buyer concentration is moderate, with the U.S. dominating but strategic diversification opportunities in Europe and Asia. The market shows stable demand, with exporters advised to lock in long-term U.S. contracts while monitoring Mexico’s customs policies for shifts. This analysis covers March 2025 and is based on cleanly processed Customs data from the yTrade database.

Mexico Crude Oil (HS 2709) 2025 March Export Background

Mexico Crude Oil (HS Code 2709: Petroleum crude oil from bituminous minerals) fuels global industries like energy, transportation, and petrochemicals, maintaining steady demand due to its role in refining and manufacturing. In March 2025, Mexico’s export landscape faces new regulations, including an Automatic Export Notice for select goods, though crude oil (HS 2709) remains a dominant export, accounting for 48% of shipments to the U.S. [FreightAmigo]. Mexico’s strategic position as a top crude oil exporter underscores its importance in global energy markets, even as customs reforms and fuel import restrictions evolve [Expeditors].

Mexico Crude Oil (HS 2709) 2025 March Export: Trend Summary

Key Observations

Mexico Crude Oil HS Code 2709 Export 2025 March experienced a sharp surge, with volume rising to 10.42 billion units and value reaching $4.87 billion, marking a significant increase from February's levels.

Price and Volume Dynamics

Volume jumped by 24.5% month-over-month from February to March, while value increased by 24.2%, despite unit price holding steady at $0.47 per kg. This volume-driven growth is consistent with crude oil industry patterns, where export spikes often reflect seasonal demand upticks or inventory drawdowns rather than price volatility, indicating robust production or shipment scheduling in early 2025.

External Context and Outlook

According to [Expeditors], Mexico's automatic export notice effective June 2025 excludes crude oil, ensuring no immediate export barriers. (FreightAmigo) highlights HS Code 2709 as a cornerstone of Mexico's exports, with 48% destined for the US. While broader customs reforms may introduce future oversight, March's performance was likely fueled by strong global demand and stable trade conditions.

Mexico Crude Oil (HS 2709) 2025 March Export: HS Code Breakdown

Product Specialization and Concentration

In March 2025, the export of Mexico Crude Oil under HS Code 2709 is heavily concentrated in the sub-code 270900, specifically "Oils; petroleum oils and oils obtained from bituminous minerals, crude", which holds a 33.33% share of both export value and weight. This dominance is supported by a unit price of 0.47 US dollars per kilogram, aligning with typical crude oil market rates and indicating a standardized, bulk commodity focus without extreme price variations among the sub-codes.

Value-Chain Structure and Grade Analysis

The sub-codes under HS 2709 can be grouped into two main categories based on slight unit price differences, suggesting variations in quality or grade rather than value-add stages. The first category includes codes like 27090005 and 2709000501, with unit prices around 0.43 to 0.45 US dollars per kilogram, representing standard crude oil grades. The second category, such as 27090099, features a higher unit price of 0.53 US dollars per kilogram, indicating a potential premium grade. This structure confirms that Mexico Crude Oil exports are fungible bulk commodities, traded primarily on quality differentials linked to global oil indices rather than manufacturing processes.

Strategic Implication and Pricing Power

For exporters of Mexico Crude Oil HS Code 2709 in March 2025, pricing power is limited due to the commodity nature, with prices driven by international benchmarks rather than product differentiation. Strategic focus should remain on maintaining consistent quality grades and monitoring regulatory updates, as Mexico has not imposed new export restrictions on this code [Expeditors], though broader customs reforms could impact trade flows (Expeditors).

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Mexico Crude Oil (HS 2709) 2025 March Export: Market Concentration

Geographic Concentration and Dominant Role

Mexico's Crude Oil HS Code 2709 Export for 2025 March shows strong reliance on the United States, which accounts for 47.22% of trade frequency and 38.40% of quantity, but only 33.17% of value against 34.02% of weight—this value-weight disparity suggests the US likely receives higher-grade crude at a premium unit price near $0.46/kg, while Mexico's own exports focus on bulk, lower-value shipments.

Partner Countries Clusters and Underlying Causes

Two clear clusters emerge: the US and Mexico form a tight regional trade bloc driven by pipeline logistics and energy integration, while Spain (9.06% quantity, 12.47% value) and South Korea (12.74% quantity, 10.85% value) represent distant refining hubs with higher value ratios, indicating they likely process heavier or specialty crude grades. A smaller cluster includes Italy and China, both with low frequency but moderate value shares, pointing to sporadic, price-sensitive spot purchases.

Forward Strategy and Supply Chain Implications

Exporters should prioritize locking in long-term contracts with US refiners to capitalize on premium pricing, while monitoring Mexico's customs reforms for any future crude policy shifts—though current news confirms no new export restrictions target HS 2709 [FreightAmigo]. Diversifying to European and Asian buyers could offset geopolitical risks, but logistics costs for distant shipments may erode margins for this bulk commodity.

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Mexico Crude Oil (HS 2709) 2025 March Export: Buyer Cluster

Buyer Market Concentration and Dominance

For Mexico Crude Oil Export 2025 March under HS Code 2709, the buyer market is extremely concentrated in one of the four segments of buyers. Buyers who make large, frequent purchases dominate, accounting for 92% of the total export value. This cluster includes key players like PEMEX, and the overall market is characterized by high-value, high-volume transactions with minimal dispersion.

Strategic Buyer Clusters and Trade Role

The only other active cluster consists of buyers with smaller, less frequent purchases, representing about 8% of the value. Companies like ENI and P.M.I. fall into this group, which typically involves spot or irregular trading common in commodity markets. The absence of buyers with high value but low frequency or low value but high frequency suggests no niche or speculative activity, reinforcing the market's focus on steady, bulk deals.

Sales Strategy and Vulnerability

The exporter in Mexico should prioritize maintaining relationships with the dominant large buyers to secure stable revenue, but this reliance poses a risk if demand shifts. The smaller buyer segment offers limited growth opportunity. Sales should focus on long-term contracts aligned with the commodity nature of crude oil. [Expeditors] notes no new export policies for crude oil in March 2025, supporting a stable strategic outlook, but ongoing customs reforms warrant monitoring for future changes.

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Mexico Crude Oil (HS 2709) 2025 March Export: Action Plan for Crude Oil Market Expansion

Strategic Supply Chain Overview

Mexico Crude Oil Export 2025 March under HS Code 2709 operates as a bulk commodity market. Prices are driven by crude quality grades and alignment with global oil indices, not product differentiation. The United States serves as the primary premium market due to pipeline access and refining demand. Supply chain implications center on secure, high-volume logistics to key processing hubs, with limited control over pricing due to the fungible nature of the product.

Action Plan: Data-Driven Steps for Crude Oil Market Execution

• Use HS Code 2709 sub-code data to track and certify crude quality grades. This ensures alignment with buyer specifications and justifies price differentials.
• Analyze buyer purchase frequency to lock in long-term contracts with dominant clients like PEMEX. This secures stable revenue and reduces market volatility risk.
• Monitor real-time shipping and customs data for US-bound shipments. This optimizes logistics costs and maintains supply chain reliability for the largest buyer.
• Review trade flow data for opportunities with European and Asian refiners. This diversifies market risk, though margins may be lower due to transport expenses.
• Track regulatory updates from Mexican customs authorities. This prevents disruptions from policy changes affecting crude oil exports under HS Code 2709.

Take Action Now —— Explore Mexico Crude Oil Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Mexico Crude Oil Export 2025 March?

The surge in volume (24.5% month-over-month) and value (24.2%) reflects seasonal demand or inventory adjustments, with stable unit prices ($0.47/kg) confirming bulk commodity dynamics rather than price volatility.

Q2. Who are the main partner countries in this Mexico Crude Oil Export 2025 March?

The U.S. dominates (38.40% of quantity, 33.17% of value), followed by Spain (9.06% quantity, 12.47% value) and South Korea (12.74% quantity, 10.85% value), forming distinct regional and refining hubs.

Q3. Why does the unit price differ across Mexico Crude Oil Export 2025 March partner countries?

Price variations stem from grade differences: the U.S. receives higher-grade crude ($0.46/kg), while Spain and South Korea process heavier/specialty grades, reflecting value-weight disparities.

Q4. What should exporters in Mexico focus on in the current Crude Oil export market?

Prioritize long-term contracts with dominant bulk buyers (e.g., PEMEX, 92% of value) to ensure stability, while monitoring customs reforms for potential trade flow impacts.

Q5. What does this Mexico Crude Oil export pattern mean for buyers in partner countries?

U.S. refiners benefit from steady premium-grade supply, while European/Asian buyers face sporadic spot purchases, limiting growth opportunities for smaller traders.

Q6. How is Crude Oil typically used in this trade flow?

Exported crude oils (HS 2709) are fungible bulk commodities, primarily refined into fuels or petrochemicals, with grades traded based on global benchmark indices.

Q7. What is yTrade?

yTrade is a global trade data platform that provides SaaS and API access to provide accurate, structured, and searchable import-export trade data for international business decisions. It enables users to access verified shipment records, analyse buyer and supplier activity, review company trade overviews, assess compliance risks, and monitor real market demand — all from a single, scalable system.

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