Mexico Crude Petroleum Export Market -- HS Code 2709 Trade Data & Price Trend (Jan 2025)

Mexico Crude Petroleum Export (HS 2709) Key Takeaways

Mexico's Crude Petroleum exports under HS Code 2709 in January 2025 totaled $3.89 billion, with a stable unit price of $0.46/kg, reflecting steady global demand and supply balance. The market is dominated by a single sub-category (270900), accounting for 33% of exports, with minor price variations suggesting fungible bulk trade. Nearly 98% of exports flow through just two high-frequency buyers, creating efficiency but also concentration risk. The U.S. is the primary destination (35% by value), leveraging regional ties under USMCA, while Spain and others serve smaller niches. This analysis is based on verified January 2025 customs data from the yTrade database.

Mexico Crude Petroleum Export (HS 2709) Background

What is HS Code 2709?

HS Code 2709 refers to petroleum crude oil extracted from bituminous minerals, a critical commodity in global energy markets. This product is primarily used for refining into fuels, lubricants, and petrochemical feedstocks, driving consistent demand across industries like transportation, manufacturing, and power generation. Its strategic importance stems from its role as a foundational input for energy and industrial production worldwide.

Current Context and Strategic Position

Global crude oil markets remain sensitive to geopolitical shifts and supply-demand imbalances, underscoring the need for close monitoring of trade flows. Mexico's Crude Petroleum Export under HS Code 2709 holds strategic significance due to the country's position as a key supplier to North American and global markets. With no specific trade policy changes announced, market dynamics will likely hinge on broader economic trends and regional production adjustments. Tracking hs code 2709 trade data is essential to anticipate shifts in Mexico's export volumes and pricing, particularly as energy markets navigate evolving demand patterns. Vigilance is warranted to assess potential impacts on trade flows in early 2025.

Mexico Crude Petroleum Export (HS 2709) Price Trend

Key Observations

In January 2025, Mexico's crude petroleum exports under HS code 2709 totaled 3.89 billion USD, with a unit price of 0.46 USD per kg, marking a robust opening for the year in this key commodity sector.

Price and Volume Dynamics

The Mexico Crude Petroleum Export trend in January typically aligns with heightened seasonal demand during the Northern Hemisphere winter, supporting both volume and price stability. Absent disruptive news, the hs code 2709 value trend likely benefited from steady global oil consumption and balanced supply dynamics, reflecting a continuation of late-2024 market conditions rather than a sharp departure.

Mexico Crude Petroleum Export (HS 2709) HS Code Breakdown

Product Specialization and Concentration

In January 2025, Mexico's export of Crude Petroleum under HS Code 2709 is dominated by the sub-category "Oils; petroleum oils and oils obtained from bituminous minerals, crude" (HS Code 270900), which holds a 33.33% share of the total export value. According to yTrade data, this primary sub-code has a unit price of 0.46 USD per kilogram, indicating its central role in the trade flow without extreme price anomalies affecting the analysis.

Value-Chain Structure and Grade Analysis

The remaining sub-codes, such as 2709000501, 2709000503, and 2709000502, show minor unit price variations from 0.42 to 0.50 USD per kilogram, suggesting different quality grades or specific crude types within the same broad category. This structure points to a trade in fungible bulk commodities, where prices are typically linked to global indices, but slight differences may reflect regional or compositional attributes rather than significant value-added stages.

Strategic Implication and Pricing Power

For market players, the commodity nature of HS Code 2709 exports from Mexico means limited pricing power, with competitiveness relying on cost efficiency and grade consistency. Strategic focus should prioritize monitoring demand for specific crude grades to capture marginal price advantages, as shown in the HS Code 2709 trade data.

Table: Mexico HS Code 2709) Breakdown Details (Source: yTrade)

Check Detailed HS Code 2709 Breakdown

Mexico Crude Petroleum Export (HS 2709) Destination Countries

Geographic Concentration and Dominant Role

The United States is the dominant destination for Mexico's Crude Petroleum exports in January 2025, with a 35.26% share by weight and 34.83% by value. The shipment frequency is higher at 42.16%, pointing to frequent, regular trade flows, likely due to close geographic ties and streamlined logistics under USMCA. Mexico also appears as a destination, which may involve bonded zone transfers or domestic trading arms for inventory staging before re-export, rather than local consumption.

Destination Countries Clusters and Underlying Causes

Export partners fall into two main clusters based on share profiles. The volume cluster includes the United States and Mexico, with high weight and value shares above 30%, driven by regional integration and bulk trade needs. Spain forms a secondary cluster with moderate shares around 21%, indicating steady demand in European markets. The remaining countries—Italy, India, China, and Switzerland—have lower shares under 6%, representing diversified but minor outlets for Mexico's Crude Petroleum, often for niche or logistical reasons.

Forward Strategy and Supply Chain Implications

Mexico should prioritize strengthening logistics with high-volume partners like the United States to capitalize on existing frequency and bulk trade. Exploring value-added opportunities in European markets, such as Spain, could enhance margins. Supply chains can benefit from optimizing shipment schedules based on frequency data to reduce costs. Reviewing HS Code 2709 trade data confirms Mexico's export structure is volume-focused, with potential to refine grade offerings for better pricing. No trade news impacts this analysis for January 2025.

Table: Mexico Crude Petroleum (HS 2709) Top Destination Countries (Source: yTrade)

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Mexico Crude Petroleum (HS 2709) Buyers Analysis

Buyer Market Concentration and Dominance

According to yTrade data, Mexico Crude Petroleum Export buyers in January 2025 show a highly concentrated market structure. A single group of high-value, high-frequency buyers accounts for 97.87% of total export value and 98.02% of shipment frequency. This group defines the typical trade for this product, with two companies handling nearly all volume and value. The remaining activity comes only from a small set of low-value, low-frequency buyers, contributing just over 2% to both value and volume.

Strategic Buyer Clusters and Trade Role

The profile of HS code 2709 buyers indicates a market that is heavily intermediated. The dominant buyers are international trading firms, suggesting an agent-driven trade structure rather than direct sales to end-users or state-controlled entities. This pattern is common in commodity markets like crude oil, where specialized traders manage large-volume transactions. The absence of other buyer segments reinforces that Mexico’s crude exports are channeled through a narrow, professional trading network.

Sales Strategy and Vulnerability

For Mexican exporters, reliance on a few major trading partners creates both efficiency and risk. Sales strategy should prioritize maintaining strong relationships with these key buyers, while also exploring diversification to reduce exposure to sudden demand shifts. Given no specific trade news or policy changes, the current structure appears stable but leaves the market vulnerable to disruptions from any single buyer’s change in strategy. The four segments of buyers analysis confirms that growth opportunities may lie in engaging more occasional or niche buyers to balance the trade portfolio.

Table: Mexico Crude Petroleum (HS 2709) Top Buyers List (Source: yTrade)

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Action Plan for Crude Petroleum Market Operation and Expansion

• Monitor hs code 2709 trade data for grade-specific price differentials to target buyers willing to pay premiums for certain crude qualities, as this can marginally improve margins in a commodity-driven market.
• Diversify the buyer base by targeting occasional importers identified in the data to reduce reliance on a few dominant traders and stabilize Mexico Crude Petroleum Export volumes.
• Optimize the Crude Petroleum supply chain by aligning shipment schedules with high-frequency buyer patterns to lower logistics costs and increase operational efficiency.
• Strengthen relationships with key US buyers under USMCA frameworks to secure stable bulk demand while exploring value-added opportunities in steady markets like Spain.
• Use hs code 2709 trade data to anticipate demand shifts in minor markets like India or China, enabling quicker response to emerging opportunities without disrupting core flows.

Take Action Now —— Explore Mexico Crude Petroleum Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Mexico Crude Petroleum Export 2025 January?

Mexico's Crude Petroleum exports in January 2025 saw stable demand and pricing, with a total value of 3.89 billion USD and a unit price of 0.46 USD/kg. This reflects steady global oil consumption and balanced supply dynamics, continuing late-2024 market conditions.

Q2. Who are the main destination countries of Mexico Crude Petroleum (HS Code 2709) 2025 January?

The United States is the dominant destination, accounting for 35.26% by weight and 34.83% by value. Spain follows with around 21% share, while Italy, India, China, and Switzerland have minor shares under 6%.

Q3. Why does the unit price differ across destination countries of Mexico Crude Petroleum Export?

Price variations (0.42–0.50 USD/kg) stem from different crude grades or types within HS Code 2709, such as sub-codes 2709000501, 2709000503, and 2709000502. These reflect slight quality or regional differences rather than major value-added stages.

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

Exporters should prioritize maintaining relationships with key trading firms, which handle 98% of shipments, while diversifying to reduce reliance on a few buyers. Optimizing logistics for high-volume partners like the U.S. can also enhance efficiency.

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

Buyers benefit from a stable, bulk-commodity trade structure but face limited pricing power. Trading firms dominate, ensuring consistent supply, though niche buyers may find marginal opportunities in grade-specific demand.

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

Crude Petroleum is traded as a fungible bulk commodity, primarily for refining into fuels and petrochemicals. Its pricing is linked to global indices, with slight variations based on regional or compositional attributes.