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

Mexico Petroleum Oils Export (HS 2710) Key Takeaways

In March 2025, Mexico's Petroleum Oils Export under HS Code 2710 was dominated by standardized non-light grades, with unit prices averaging $0.42/kg, though a high-value anomaly ($0.75/kg) hinted at niche opportunities. The market showed price resilience despite a March dip to $1.15B, reflecting global oil volatility. Buyer concentration was extreme, with top industrial players like DIANCA, S.A driving 99% of trade value, creating reliance risks. The U.S. absorbed 64% of exports, confirming its role as the bulk hub, while smaller regional shipments signaled niche demand. This analysis is based on cleanly processed Customs data from the yTrade database.

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, manufacturing, and energy production, where they serve as fuels, lubricants, or feedstocks. Global demand remains stable due to their essential role in industrial and commercial activities.

Current Context and Strategic Position

The 2025 Combined Nomenclature and Common Customs Tariff updates, effective January 1, 2025, introduce revised classifications and duties for HS Code 2710 products [trade.ec.europa.eu]. Mexico's petroleum oils export sector is strategically significant, leveraging its refining capacity and proximity to key markets like the U.S. and Europe. With global trade policies evolving, monitoring Mexico's HS Code 2710 trade data is essential to navigate tariff adjustments and maintain competitive positioning. Vigilance is warranted to capitalize on emerging opportunities and mitigate regulatory risks.

Mexico Petroleum Oils Export (HS 2710) Price Trend

Key Observations

Mexico's Petroleum Oils exports in March 2025 were valued at 1.15 billion USD, with a unit price of $0.42 per kg, reflecting a month-over-month decline in total value but a continued upward price trend from February.

Price and Volume Dynamics

The Mexico Petroleum Oils Export trend displayed mixed signals in early 2025, with value surging from 945.71 million USD in January to 1.22 billion USD in February, driven by a volume increase to 3.04 billion kg, before pulling back to 1.15 billion USD in March amid a volume drop to 2.75 billion kg. This hs code 2710 value trend suggests price resilience—rising sequentially from $0.38 to $0.42 per kg—likely tied to global oil market tightness or seasonal demand shifts, while volume volatility may stem from inventory rebalancing or export logistics adjustments common in hydrocarbon cycles.

Mexico Petroleum Oils Export (HS 2710) HS Code Breakdown

Product Specialization and Concentration

In March 2025, Mexico's export under HS Code 2710 is dominated by petroleum oils not classified as light, specifically HS Code 27101999, which accounts for the largest share by value and weight. According to yTrade data, this sub-code represents over 33% of the total export value, with a unit price of 0.42 USD per kilogram, indicating a standardized product. An anomaly is present with HS Code 2710199903, which has a unit price of 0.75 USD per kilogram, suggesting a specialized grade that is isolated from the main analysis pool.

Value-Chain Structure and Grade Analysis

The bulk of Mexico's HS Code 2710 exports consist of standard non-light petroleum oils, with unit prices consistently around 0.42 USD per kilogram, reflecting a fungible commodity market linked to global price indices. A smaller segment includes light petroleum oils, such as HS Code 27101299, with a lower unit price of 0.30 USD per kilogram, indicating a different grade for specific uses. The structure shows a clear division between bulk and lighter grades, with no significant value-add stages, emphasizing commodity-type trade.

Strategic Implication and Pricing Power

For exporters, the concentration in standardized products under HS Code 2710 limits pricing power, requiring focus on cost efficiency and volume-based strategies. Exploring higher-value segments, like the anomalous high-unit-price items, could offer margin improvements. Mexico's export data for HS Code 2710 suggests that diversifying into specialized grades may provide competitive advantages in a commodity-driven market.

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

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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 March 2025, accounting for 63.94% of the value and 63.20% of the weight. The value share slightly exceeds the weight share, indicating a tendency towards higher-grade or more processed oil shipments. Frequency is lower at 15.03%, pointing to fewer, larger bulk shipments typical for commodities. Mexico itself appears in the data with 32.45% value and 32.53% weight shares, which likely represents inventory staging through bonded zones or intermediary trading for re-export, rather than domestic consumption.

Destination Countries Clusters and Underlying Causes

The top partners form two clusters based on trade patterns. The Volume Cluster includes the United States and Mexico, where high weight and value shares suggest bulk oil movements for refining or consumption. The Transactional Cluster consists of countries like Costa Rica (20.02% frequency but low volume and value) and Colombia (12.67% frequency), indicating frequent, smaller shipments that may involve specialized or refined petroleum products for niche regional markets. This split reflects the commodity nature of oil, with bulk flows to major hubs and transactional trade to smaller neighbors.

Forward Strategy and Supply Chain Implications

For Mexico's Petroleum Oils exports, strategies should prioritize maintaining the strong US market while optimizing logistics for bulk shipments to capitalize on scale efficiencies. Monitoring tariff changes, such as those in the US Harmonized Tariff Schedule revision in March 2025 [Harmonized Tariff Schedule], is crucial to avoid disruptions. Additionally, the high-frequency clusters offer opportunities for diversifying into premium or specialized oil products to enhance margins. Supply chains should be streamlined to support both bulk and agile shipping for smaller partners.

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 March 2025, the Mexico Petroleum Oils Export market is highly concentrated, with one segment of buyers dominating the trade. According to yTrade data, buyers who purchase large volumes frequently represent over 99% of the total value for Mexico Petroleum Oils Export. This shows that the typical trade involves high-value, regular transactions, making this group the core of the market.

Strategic Buyer Clusters and Trade Role

The dominant buyers, including companies like DIANCA, S.A and CENTRAL DE MANGUERAS SA, are likely industrial end-users, indicating a Direct-to-Factory commercial persona for hs code 2710 buyers. Other segments, such as infrequent or small-volume purchasers, contribute minimally to the trade. The profile of these four segments highlights that Mexico Petroleum Oils Export relies heavily on a few key players with consistent demand.

Sales Strategy and Vulnerability

For Mexican exporters, the sales strategy must prioritize nurturing relationships with the dominant high-volume buyers to mitigate risks from over-dependence. Opportunities lie in expanding within this segment, while vulnerabilities include demand shifts or economic changes. The sales model is direct and volume-focused. Global tariff updates, such as those from the EU [trade.ec.europa.eu], could influence hs code 2710 trade data by affecting international oil markets, though direct impact on Mexico requires monitoring.

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

• Diversify into specialized petroleum grades by analyzing the high-unit-price anomalies in the hs code 2710 trade data to capture higher margins and reduce reliance on standardized bulk exports. This directly boosts profitability for Mexico Petroleum Oils Export.
• Strengthen relationships with dominant high-volume buyers like DIANCA and CENTRAL DE MANGUERAS SA using trade frequency data to anticipate demand cycles and secure long-term contracts. This stabilizes revenue streams in a concentrated buyer market.
• Optimize the Petroleum Oils supply chain for bulk shipments to the U.S., leveraging scale efficiencies in logistics and storage to reduce unit costs. This maintains competitiveness for Mexico's Petroleum Oils Export in its largest market.
• Develop agile shipping strategies for high-frequency, low-volume partners like Costa Rica and Colombia to serve niche markets with premium products. This diversifies market risk and taps into higher-value transactional opportunities.
• Monitor U.S. and EU tariff changes monthly using regulatory databases to preempt cost impacts on the Petroleum Oils supply chain. This protects Mexico Petroleum Oils Export from sudden duty shifts or trade barrier introductions.

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 March?

Mexico's Petroleum Oils exports saw a month-over-month value decline to 1.15 billion USD in March 2025, despite a rising unit price trend ($0.42/kg). This reflects global oil market tightness and volume volatility from inventory rebalancing or logistics adjustments.

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

The United States dominates, absorbing 63.94% of export value, followed by Mexico (32.45%, likely for re-export). Smaller markets like Costa Rica and Colombia show high frequency but low volume shares.

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

Price differences stem from product grades: bulk non-light oils (HS Code 27101999) trade at $0.42/kg, while specialized grades (e.g., 2710199903) command $0.75/kg. The U.S. receives higher-value shipments.

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

Exporters must prioritize relationships with dominant bulk buyers (e.g., DIANCA, S.A.) and explore niche markets for premium grades to mitigate over-reliance on standardized commodities.

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

U.S. buyers benefit from stable bulk supply, while transactional clusters (e.g., Costa Rica) gain access to specialized oils. Dependency on Mexico’s export logistics poses potential supply chain risks.

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

The bulk exports (HS Code 2710) are fungible commodities for refining or industrial use, while lighter grades (e.g., 27101299) serve specific applications like niche regional markets.