2025 Uzbekistan Crude Oil (HS 2709) Import: Wild Swings

Key Takeaways

Crude Oil, classified under HS Code 2709, exhibited extreme volatility from January to November 2025.

• Market Pulse: Import volumes swung wildly, with a 49% contraction by February, a 150% surge in March, and a 362% rebound in November—driven by price sensitivity and geopolitical adjustments.
• Structural Shift: Uzbekistan Crude Oil Import reliance on a single supplier (Spain) and a narrow cluster of Russian/Chinese producers creates critical supply chain fragility.
• Product Logic: HS Code 2709 trade data confirms a pure commodity market, with uniform low prices (~$0.50/kg) and bulk-driven procurement devoid of value-added processing.

This overview covers the period from January to November 2025 and is based on verified customs data from the yTrade database.

Uzbekistan Crude Oil (HS Code 2709) Key Metrics Trend

Market Trend Summary

The Uzbekistan Crude Oil Import trend from January through November 2025 displayed high volatility, with a sharp 49% contraction in volume by February followed by a 150% surge in March. Momentum faded through mid-year, with volumes declining 78% from the April peak to a low in October, before an explosive 362% rebound in November. Unit prices fluctuated between $0.40/kg and $0.71/kg, declining 25% from January to June before partially recovering.

Drivers & Industry Context

This volatility likely reflects adjustments to global crude logistics and pricing, given Uzbekistan’s reliance on imports under HS Code 2709. The November surge in volume—and corresponding 399% jump in hs code 2709 value—may indicate strategic stockpiling or redirected shipments ahead of winter demand, possibly influenced by international sanctions on Russian-origin crude [Trade.gov]. Price sensitivity appears high, with importers scaling volumes inversely to cost shifts, consistent with behavior in price‑volatile markets lacking domestic supply buffers.

Table: Uzbekistan Crude Oil Import Trend (Source: yTrade)

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Uzbekistan HS Code 2709 Import Breakdown

Market Composition & Top Categories

The dominant sub-code, 2709001000, holds a 69% value share and 68% weight share of Uzbekistan's HS Code 2709 imports, primarily consisting of crude petroleum oils. According to yTrade data, the remaining imports are covered by 2709009000, which represents about 30% of both value and weight. This structure indicates a concentrated market for Uzbekistan HS Code 2709 Import, with minimal fragmentation in product categories.

Value Chain & Strategic Insights

Unit prices are low and uniform, averaging around 0.50 USD per kilogram across sub-codes, confirming this as a pure commodity market driven by price sensitivity rather than quality differentiation. The HS Code 2709 breakdown reveals a trade structure where bulk purchasing and cost efficiency dominate strategic decisions, with no evidence of value-added processing in this segment.

Table: Uzbekistan HS Code 2709) Import Breakdown Details (Source: yTrade)

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Uzbekistan Crude Oil Origin Countries

Supplier Concentration & Dependency

Uzbekistan's Crude Oil import sources show extreme concentration, with Spain holding a 100% market share across value, weight, and frequency from January to November 2025. This single-origin dependency creates a critical supply chain security risk, leaving imports entirely vulnerable to geopolitical or logistical disruptions in Spain. The nation's supply is completely controlled by a single external actor, eliminating any competitive or diversified sourcing options.

Procurement Strategy & Supply Chain Logic

The identical value and weight ratios indicate a stable commodity price structure, typical for bulk raw materials like crude oil. This alignment confirms a Cost-Efficiency sourcing strategy, where procurement is driven by volume and price stability rather than technical specifications or speed. Uzbekistan's supply chain for this product is fundamentally built for cost management and bulk transportation efficiency, not technical performance.

Table: Uzbekistan Crude Oil (HS Code 2709) Top Origin Countries (Source: yTrade)

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Uzbekistan Crude Oil Supplier Companies Analysis

Supplier Concentration & Market Structure

According to yTrade data, Uzbekistan's crude oil imports throughout 2025 were overwhelmingly dominated by a small group of key suppliers. This cluster accounted for 96.28% of import value and 96.68% of volume, indicating a supply chain that is highly integrated and reliant on stable Tier-1 producers. The primary major suppliers for Crude Oil were Russian and Chinese national energy corporations, which formed the core of the import structure.

Sourcing Reliability & Risk Profile

This sourcing pattern reveals a Just-in-Time inventory model dependent on consistent, high-volume shipments from a narrow base. The heavy reliance on a Russian supplier, specifically, introduces significant compliance risk given the European Union's import ban on refined products obtained from Russian crude oil under CN code 2709 [finance.ec.europa.eu]. This creates a critical vulnerability for the HS Code 2709 supply chain, making it exposed to geopolitical disruptions despite its operational stability.

Table: Uzbekistan Crude Oil (HS Code 2709) Top Suppliers List (Source: yTrade)

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Action Plan for Crude Oil Market Operation and Expansion

• Diversify suppliers immediately: The 100% reliance on Spain and 96% dependence on Russian/Chinese producers leaves no buffer for geopolitical disruptions. Secure alternative sources in stable regions.
• Lock in short-term contracts: Volatility demands agile procurement. Use spot buying for price dips and fixed contracts to hedge against sudden spikes.
• Audit compliance risks: The EU ban on Russian-origin crude (CN 2709) exposes re-export vulnerabilities. Verify supply chain adherence to sanctions to avoid penalties.
• Optimize logistics costs: Bulk-driven, low-margin trade leaves no room for inefficiency. Renegotiate freight rates and consolidate shipments to offset price swings.
• Monitor sanctions updates daily: Geopolitical shifts can abruptly alter trade flows. Track regulatory changes to preempt supply shocks.

Take Action Now —— Explore Uzbekistan Crude Oil HS Code 2709 Import Data

Frequently Asked Questions

Q1. What is driving the recent changes in Uzbekistan Crude Oil Import in 2025?

The volatility in Uzbekistan's Crude Oil imports is driven by global crude logistics and pricing shifts, with volumes surging 362% in November likely due to strategic stockpiling ahead of winter demand. Price sensitivity is high, with importers scaling volumes inversely to cost fluctuations.

Q2. Who are the main origin countries of Uzbekistan Crude Oil (HS Code 2709) in 2025?

Spain holds a 100% market share in Uzbekistan's Crude Oil imports, indicating extreme single-origin dependency with no diversification in sourcing.

Q3. Why does the unit price differ across origin countries of Uzbekistan Crude Oil Import?

Unit prices are uniformly low (~$0.50/kg) across sub-codes, confirming a pure commodity market where price sensitivity dominates over quality differentiation.

Q4. What should importers in Uzbekistan focus on when buying Crude Oil?

Importers must address supply chain risks by diversifying away from Spain's monopoly and mitigating compliance risks linked to reliance on Russian-linked suppliers.

Q5. What does this Uzbekistan Crude Oil import pattern mean for overseas suppliers?

Suppliers benefit from a stable, bulk-driven demand but face high exposure to geopolitical disruptions due to Uzbekistan's undiversified sourcing strategy.

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

Crude Oil imports are primarily used for bulk commodity processing, reflecting a cost-efficiency strategy rather than value-added refinement.