2023
Exports
$638MWorld Rnk 9 / 115
Flag Rnk 364 / 1215
2023
PRODUCT COMPLEXITY IN Hormones
0.83Rnk 237 / 1025
2023
Imports
$2.73BWorld Rnk 4 / 194
Flag Rnk 118 / 1215
2023
ECONOMIC COMPLEXITY of Germany
1.79Rnk 5 / 132

About

Exports In 2023, Germany exported $638M in Hormones, making it the 9th largest exporter of Hormones in the world. At the same year, Hormones was the 364th most exported product in Germany. The main destination of Hormones exports from Germany are: United States ($156M), Italy ($154M), China ($75.9M), Japan ($45.5M), and Mexico ($39.1M).

The fastest growing export markets for Hormones of Germany between 2022 and 2023 were Italy ($131M), United States ($118M), and China ($30.3M).

Imports In 2023, Germany imported $2.73B in Hormones, becoming the 4th largest importer of Hormones in the world. At the same year, Hormones was the 118th most imported product in Germany. Germany imports Hormones primarily from: United States ($1.54B), Ireland ($635M), Argentina ($120M), China ($73.2M), and Mexico ($72.1M).

The fastest growing import markets in Hormones for Germany between 2022 and 2023 were United States ($1.46B), Mexico ($29.2M), and China ($20.5M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Hormones. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$638M
IMPORTS (2023)$2.73B
NET TRADE (2023)-$2.09B

In 2023, Germany exported $638M in Hormones. The main destinations of Germany exports on Hormones were United States ($156M), Italy ($154M), China ($75.9M), Japan ($45.5M), and Mexico ($39.1M).

In 2023, Germany imported $2.73B in Hormones, mainly from United States ($1.54B), Ireland ($635M), Argentina ($120M), China ($73.2M), and Mexico ($72.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hormones EXPORT MARKETS FOR Germany WERE (2022 - 2023):
Italy$131M (576%)
United States$118M (309%)
China$30.3M (66.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hormones BY Germany WERE (2022 - 2023):
Switzerland-$332M (-98.2%)
Denmark-$29.6M (-92.8%)
Brazil-$22.3M (-80.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Germany's main exporting competitors in Hormones were:
In 2023, Germany's main importing competitors in Hormones were:

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Trade Value of Hormones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $17.5M
TOP IMPORT POTENTIALBelgium+ $32.3M

Hormones’s highest export potential is Italy. With an export gap of $17.5M.   Hormones’s highest import potential is Belgium with an import gap of $32.3M.

See methodology.

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