Mexico Petroleum Oils Export Market -- HS Code 2710 Trade Data & Price Trend (Jan 2025)

Mexico Petroleum Oils Export (HS 2710) Key Takeaways

Mexico’s Petroleum Oils Export under HS Code 2710 in January 2025 is dominated by bulk-grade petroleum oils, with a unit price of $0.38/kg, reflecting stable demand amid global market conditions. The buyer market shows extreme concentration, with one group handling 99% of trade value, creating reliance on key traders like PUMA ENERGY. Over 95% of exports flow to the U.S. and Mexico, highlighting their role as bulk hubs, while smaller regional buyers drive high-frequency, low-volume shipments. This analysis is based on cleanly processed Customs data from the yTrade database for January 2025.

Mexico Petroleum Oils Export (HS 2710) Background

What is HS Code 2710?

HS Code 2710 covers petroleum oils from bituminous minerals (excluding crude), other oils, and waste oil. These products are critical for industries such as transportation, energy generation, and manufacturing, where they serve as fuels or raw materials. Global demand remains stable due to their essential role in industrial and consumer applications.

Current Context and Strategic Position

The EU's updated Combined Nomenclature and Common Customs Tariff, effective January 2025 [trade.ec.europa.eu], may influence trade dynamics for HS Code 2710. Mexico's petroleum oils export sector is strategically significant, leveraging its refining capacity and proximity to key markets. Monitoring trade data for HS Code 2710 is essential to navigate potential tariff adjustments and maintain competitiveness in this vital trade flow.

Mexico Petroleum Oils Export (HS 2710) Price Trend

Key Observations

Mexico's petroleum oils export trend in January 2025 reached a total value of 945.71 million USD, with a unit price of $0.38 per kg, reflecting robust activity for HS code 2710 amid global market conditions.

Price and Volume Dynamics

The hs code 2710 value trend in January likely benefited from the implementation of the updated EU Combined Nomenclature and Common Customs Tariff effective January 1, 2025 [European Commission], which may have streamlined trade classifications and supported steady export volumes. This alignment with regulatory changes, coupled with typical winter demand stability in energy markets, underscores the resilience of Mexico's petroleum oils export flow to key destinations like Europe.

Mexico Petroleum Oils Export (HS 2710) HS Code Breakdown

Product Specialization and Concentration

Mexico's export under HS Code 2710 in January 2025 is heavily concentrated in a specific petroleum oil grade. According to yTrade data, the sub-code for "Petroleum oils and oils from bituminous minerals, not containing biodiesel, not crude, not waste oils; preparations not elsewhere specified, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; not light oils and preparations" dominates with a 33.75% value share and 33.59% weight share, reflecting its bulk commodity nature at a unit price of $0.38 per kilogram. Isolated anomalies with unit prices up to $1.77 per kilogram indicate specialized products removed from the main analysis.

Value-Chain Structure and Grade Analysis

The non-anomalous exports fall into two clear categories based on grade: bulk not light oils with unit prices around $0.38 per kilogram, representing the majority of volume, and a smaller segment of light oils at $0.92 per kilogram. This structure confirms a trade in fungible bulk commodities, where pricing is closely linked to global oil indices rather than product differentiation, with minimal value-add stages evident in the data.

Strategic Implication and Pricing Power

For players in Mexico's HS Code 2710 export market, pricing power is low due to the commodity-driven nature, necessitating a focus on volume efficiency and cost control. Strategic efforts should prioritize maintaining competitive bulk production while exploring limited opportunities in higher-value grades to enhance margins, as indicated by the isolated high-price anomalies in the trade data.

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

Check Detailed HS Code 2710 Breakdown

Mexico Petroleum Oils Export (HS 2710) Destination Countries

Geographic Concentration and Dominant Role

The United States is the dominant destination for Mexico's Petroleum Oils exports in January 2025, accounting for 63.72% of the value and 61.75% of the weight shipped. The close alignment between value and weight shares indicates balanced trade in bulk Petroleum Oils, without a significant premium or discount pattern. The low frequency share of 13.20% confirms infrequent, large-scale shipments typical for commodity exports. Mexico itself appears as a major partner with 33.36% value and 33.08% weight shares, which is likely due to inventory staging or processing within bonded zones or by trading arms before re-export, rather than domestic consumption.

Destination Countries Clusters and Underlying Causes

The top destinations form two clear clusters based on trade patterns. The Volume Cluster includes the US and Mexico, representing over 95% of total weight and value, highlighting their role as bulk buyers for crude or processed Petroleum Oils. The Transactional Cluster comprises countries like Colombia, Costa Rica, and Guatemala, which show high frequency shares (e.g., Colombia at 19.99%) but minimal volume and value (under 1.5% each). This suggests regular, small-ticket shipments, possibly for regional distribution or niche demand in local markets, driven by logistical efficiency rather than large-scale consumption.

Forward Strategy and Supply Chain Implications

For Mexico's Petroleum Oils exports, the strategy should prioritize optimizing logistics for bulk shipments to the US and internal staging points to maintain cost efficiency. The high-frequency, low-volume trade with smaller partners requires streamlined cross-border processes to reduce handling costs. Analyzing HS Code 2710 trade data shows that focus on these clusters can enhance supply chain resilience without major shifts, as no immediate policy changes from the provided news impact these patterns.

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

Get Complete Destination Countries Profile

Mexico Petroleum Oils (HS 2710) Buyers Analysis

Buyer Market Concentration and Dominance

In January 2025, the Mexico Petroleum Oils Export buyers market shows extreme concentration, with one group of high-value, high-frequency buyers dominating trade. According to yTrade data, this segment handles 99.37% of the total value and 76.20% of all shipments, making it the core of hs code 2710 trade data. The typical trade involves large, regular volumes, defining the market's structure for Mexico Petroleum Oils Export.

Strategic Buyer Clusters and Trade Role

The remaining three segments of buyers contribute minimally to value and frequency, highlighting the market's reliance on a few key players. The profile of hs code 2710 buyers in the dominant group, represented by companies like PUMA ENERGY SUPPLY AND TRADING PTE. LTD, points to an intermediated market where traders and agents manage bulk transactions. This setup reduces direct engagement with end-users and centers on efficient, large-scale logistics.

Sales Strategy and Vulnerability

For Mexico's exporters, the strategy must prioritize nurturing relationships with the dominant trading partners to secure stable revenue, but this creates vulnerability to shifts in their demand or global oil prices. Diversifying into smaller buyer clusters offers limited opportunity due to their low shares. External factors, such as regulatory updates like the Combined Nomenclature changes in the EU [European Commission Trade], could impact trade flows and require monitoring for any effects on Mexico Petroleum Oils Export.

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

Check Full Petroleum Oils Buyer lists

Action Plan for Petroleum Oils Market Operation and Expansion

• Use hs code 2710 trade data to monitor shipment frequency from dominant bulk buyers, enabling proactive volume adjustments to avoid supply chain disruptions and maintain stable revenue for Mexico's Petroleum Oils Export.
• Develop targeted contracts for higher-value light oil grades identified in trade data anomalies, as this diversifies the Mexico Petroleum Oils Export product mix and improves margin potential beyond bulk commodity pricing.
• Optimize logistics for high-volume routes to the U.S. and internal Mexican staging hubs, reducing per-unit transport costs and strengthening the overall Petroleum Oils supply chain efficiency.
• Audit re-export and processing patterns within Mexico using detailed trade records, ensuring compliance and maximizing value retention in the Petroleum Oils supply chain before final export.
• Track regulatory updates in key markets like the EU that may affect hs code 2710 trade data classifications, preventing unexpected trade barriers for Mexico Petroleum Oils Export operations.

Take Action Now —— Explore Mexico Petroleum Oils Export Data

Frequently Asked Questions

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

Mexico's petroleum oils exports in January 2025 show robust activity, with steady volumes and a unit price of $0.38 per kg, supported by regulatory updates like the EU's Combined Nomenclature changes and stable winter energy demand.

Q2. Who are the main destination countries of Mexico Petroleum Oils (HS Code 2710) 2025 January?

The United States dominates with 63.72% of export value, followed by Mexico itself (33.36%), likely due to re-export staging. Smaller markets like Colombia and Guatemala account for minimal volume but higher shipment frequency.

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

Price differences stem from product grade: bulk "not light" oils average $0.38/kg, while light oils command $0.92/kg. Isolated high-price anomalies ($1.77/kg) indicate niche specialized products.

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

Exporters must prioritize volume efficiency and cost control for bulk commodity trade while nurturing relationships with dominant buyers like PUMA ENERGY, who handle 99.37% of value. Limited diversification exists in smaller buyer clusters.

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

US and Mexican buyers benefit from stable bulk supply, while transactional partners (e.g., Colombia) receive smaller, frequent shipments for regional distribution. All face commodity-driven pricing tied to global oil indices.

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

The exports are primarily fungible bulk commodities, traded for refining or energy use, with minimal value-add stages. High-volume shipments suggest industrial or large-scale consumption.