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2023
Exports $6BWorld Rnk 2 / 115
Flag Rnk 52 / 1217
2023
Destination $1.48B Italy
2022 - 2023
FASTEST GROWING MARKET $1.48BItaly
2023
PRODUCT COMPLEXITY IN Hormones0.83Rnk 237 / 1025
2023
Imports $9.54BWorld Rnk 1 / 194
Flag Rnk 62 / 1215
2023
Origin $3B Ireland
2022 - 2023
FASTEST GROWING ORIGIN $3BIreland
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $6B in Hormones, making it the 2nd largest exporter of Hormones in the world. At the same year, Hormones was the 52nd most exported product in United States. The main destination of Hormones exports from United States are: Italy ($3.03B), Germany ($1.54B), Austria ($560M), France ($284M), and Denmark ($202M).

The fastest growing export markets for Hormones of United States between 2022 and 2023 were Italy ($1.48B), Germany ($1.46B), and Denmark ($191M).

Imports In 2023, United States imported $9.54B in Hormones, becoming the 1st largest importer of Hormones in the world. At the same year, Hormones was the 62nd most imported product in United States. United States imports Hormones primarily from: Ireland ($7.96B), Argentina ($547M), Italy ($169M), Denmark ($157M), and Germany ($156M).

The fastest growing import markets in Hormones for United States between 2022 and 2023 were Ireland ($3B), Argentina ($273M), and Germany ($118M).

COMPANIES In 2023, leading companies such as Cloud Network Technology (1) and Cinmar (1) were at the forefront of shipping Hormones to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Hormones exports accounted up to $1.89B and imports accounted up to $3.93B, resulting in a negative trade balance of $2.04B. Between November 2023 and November 2024 the exports of United States'   Hormones have increased by $1.32B (228%) from $578M to $1.89B, while imports increased by $3.07B (356%) from $863M to $3.93B.

Destinations In November 2024, Hormones were exported mostly to Italy ($1.47B), Germany ($218M), Denmark ($131M), France ($30.9M), and Spain ($21.2M), and were imported mostly from Ireland ($3.81B), Denmark ($24.4M), Argentina ($22.9M), China ($15M), and France ($13.9M).

Growth In November 2024, the increase in Hormones's year-by-year exports was explained primarily by an increase in exports to Germany ($290M or 11.3k%), Austria ($265M or 3.52M%), and Italy ($131M or 260%). In November 2024, the increase in Hormones's year-by-year imports was explained primarily by an increase in imports from Sweden ($2.83M or 257%), Switzerland ($984k or 53.2%), and Mexico ($766k or 1.13k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$1.32B(228%)
IMPORT GROWTH (November 2023 - November 2024)$3.07B(356%)
MAIN EXPORTER (November 2024)Indiana$1.67B
MAIN DESTINATION (November 2024)Italy$1.47B

This section shows Hormones's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Hormones over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$6B
IMPORTS (2023)$9.54B
NET TRADE (2023)-$3.54B

In 2023, United States exported $6B in Hormones. The main destinations of United States exports on Hormones were Italy ($3.03B), Germany ($1.54B), Austria ($560M), France ($284M), and Denmark ($202M).

In 2023, United States imported $9.54B in Hormones, mainly from Ireland ($7.96B), Argentina ($547M), Italy ($169M), Denmark ($157M), and Germany ($156M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hormones EXPORT MARKETS FOR United States WERE (2022 - 2023):
Italy$1.48B (95.8%)
Germany$1.46B (1.73k%)
Denmark$191M (1.68k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hormones BY United States WERE (2022 - 2023):
Belgium-$185M (-70.9%)
Austria-$93.4M (-14.3%)
France-$38.8M (-12%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Hormones were:
Ireland $11.3B
Switzerland $3.51B
In 2023, United States's main importing competitors in Hormones were:
Italy $6.45B
Austria $3.6B

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Trade Value of Hormones by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $43.6M
TOP IMPORT POTENTIALChina+ $73.3M

Hormones’s highest export potential is China. With an export gap of $43.6M.   Hormones’s highest import potential is China with an import gap of $73.3M.

See methodology.

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