Argentina Crude Oil Export: Margin Pressure

Key Takeaways

Argentina exported Crude Oil (HS Code 2709) worth $46.53B in 2025, with all shipments classified under a single, undifferentiated sub-category.

• Argentina Crude Oil Export value rose 13.4% year-over-year, despite a 26.7% surge in shipment frequency, signaling margin pressure.
• The U.S. (43.8% value) and Chile (38.1%) dominated HS Code 2709 trade data, together absorbing over 80% of exports.
• Export structure showed 100% concentration in bulk crude (HS 270900), with no recorded shipments of refined products.

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

Argentina Crude Oil Exports (HS 2709) 2025: Value Growth Amidst Shifting Trade Terms

Argentina Crude Oil Export data for the full year of 2025 reached $46.53B across 4.30K shipments, showing a 13.4% increase in value from 2024. The significant divergence from a 26.7% rise in shipment frequency suggests a period of operational expansion paired with notable pricing or margin pressure.

Under today’s policy environment, these historical totals help establish a baseline for trade flows now subject to the new U.S.-Argentina Agreement on Reciprocal Trade [United States and Argentina Sign Agreement on Reciprocal Trade]. The hs code 2709 value from 2025 provides critical context for assessing the impact of revised tariffs and market access provisions, particularly for non-patented articles and natural resources. This makes ongoing monitoring of the new trade framework essential for forwarders and underwriters.

• Watch for tariff shifts: Monitor U.S. Customs entries for Argentine crude derivatives to identify any immediate changes in duty assessments under the new reciprocal agreement.
• Assess counterparty exposure: The surge in shipment frequency indicates more active trade lanes; verify that all new trading partners are screened against relevant export control lists.
• Buffer for price volatility: The drop in average unit value year-over-year signals continued margin pressure; factor this into credit and cargo risk assessments for 2026.

Table: Argentina Crude Oil Export Value, Weight, Unit Price(Source: yTrade)

Metric	2025	2024	YoY Change
Total Value	46.53B USD	41.04B USD	+13.38%
Total Weight	42.70B kg	31.22B kg	+36.80%
Frequency	4.30K	3.39K	+26.72%
Avg Unit Price	$1.09/kg	$1.31/kg	-17.12%

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Argentina Exports Crude Petroleum Oil

In 2025, Argentina's exports of crude oil were composed entirely of a single, broad category: Oils; petroleum oils and oils obtained from bituminous minerals, crude (HS 270900), with a total export value of $46.53 billion. This accounts for 100% of the country's crude oil exports under this HS code chapter.

This export structure is extremely concentrated, with no sub-categorization into more specific grades or refined products. The data indicates Argentina's crude oil exports are entirely bulk, basic crude, with no recorded exports of processed or consumer-ready petroleum products. The complete dominance of this single, generic code suggests the exported crude is not being differentiated by specific type or quality for tariff purposes at this broad classification level.

Table: Argentina HS Code 2709) Export Breakdown Details (Source: yTrade)

HS Code	Product Description	Value	Weight	Quantity	Frequency	Value Ratio
270900	Oils; petroleum oils and oils obtained from bituminous minerals, crude	46.53B	42.70B	78.63B	4.30K	100.00%

Check Detailed HS Code 2709 Breakdown

Export Destinations for Argentina’s Crude Oil (HS 2709) in Jan–Dec 2025

HS‑4 Network Summary
Argentina’s crude oil exports in 2025 were heavily concentrated in two markets: the United States (43.8% of value, 45.1% of weight) and Chile (38.1% of value, 36.1% of weight), together accounting for over 80% of the total value. The U.S. absorbed the largest volume, while Chile’s weight share closely matches its value share, indicating stable bulk trade. Secondary markets include Uruguay (4.2% value), Brazil (3.1%), and the United Arab Emirates (2.9%), with the Netherlands, Australia, China, India, and Peru each taking smaller, sub‑3% shares. The network shows a clear dual‑hub reliance on North America and a neighboring South American partner.

For sub‑HS 270900
The main importers are the United States, Chile, Uruguay, Brazil, and the United Arab Emirates.

• United States (43.8% value, 45.1% weight) – The dominant destination, likely for refining and strategic reserves.

• Chile (38.1% value, 36.1% weight) – A stable regional buyer, driven by proximity and pipeline logistics.

• Uruguay (4.2% value, 4.0% weight) – Serves local refining and possible bunkering demand.

• Brazil (3.1% value, 3.0% weight) – Supplies regional refineries, complementing domestic production.

• United Arab Emirates (2.9% value, 3.4% weight) – Acts as a trading hub for potential re‑export to Asian markets.

Table: Argentina Crude Oil Top Destination Countries (Source: yTrade)

HS Code	Country	Value	Quantity	Frequency	Weight
270900	UNITED STATES	13.31B	31.90B	1.02K	13.00B
	CHILE	11.58B	433.26M	895.00	10.41B
	URUGUAY	1.28B	3.03B	40.00	1.14B
	BRAZIL	940.38M	2.00B	541.00	872.26M
	UNITED ARAB EMIRATES	894.41M	2.06B	13.00	985.67M

Get Argentina Crude Oil (HS Code 2709) Complete Destination Countries Profile

Frequently Asked Questions

How much Crude Oil did Argentina Export in 2025 (HS Code 2709)?

According to the yTrade customs database, Argentina Crude Oil Export under HS Code 2709 reached $46.53 billion across 4.30K shipments in 2025.

What is the HS Code 2709 breakdown for Argentina Crude Oil Export?

Argentina’s exports under HS 2709 were entirely composed of crude oil (HS 270900), with no recorded sub-categories or refined products.

Who are the main partners for Argentina Crude Oil Export (HS Code 2709)?

The U.S. (43.8% value) and Chile (38.1% value) dominated, followed by Uruguay (4.2%) and Brazil (3.1%).

Why does the unit price differ across partners in Argentina Crude Oil Export?

Price variations stem from the uniform HS 270900 crude grade, with differences likely tied to bulk trade terms or regional demand.

How to verify a Crude Oil Exporter in Argentina?

Check shipment frequency consistency; confirm HS 270900 exclusivity; validate recurring buyers like the U.S. or Chile.

How is Crude Oil typically used in this trade flow?

Argentina’s HS Code 2709 trade data shows crude oil is primarily exported for refining or strategic reserves in partner countries.