HS Icon Hormones

2937 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Hormones. In 2020, Hormones were the world's 186th most traded product, with a total trade of $19B. Between 2019 and 2020 the exports of Hormones grew by 5.8%, from $18B to $19B. Trade in Hormones represent 0.11% of total world trade.

Hormones are a part of Organic chemicals. They include Hormones nes, derivatives, in bulk, steroids nes, Insulin, salts, in bulk, Halogenated derivs adrenalal cortical hormones, bulk, Adrenal cortical hormones nes, in bulk, derivatives, Oestrogens and progestogens, in bulk, Pituitary anterior hormones and derivatives, and Cortisone,hydrocortisone,prednisone,prednisolone, bul.

Exports In 2020 the top exporters of Hormones  were N/A.

Imports In 2020 the top importers of Hormones were United States ($4.43B), France ($3.1B), Austria ($2.59B), Italy ($1.81B), and China ($1.1B).

Tariffs In 2018 the average tariff for Hormones was 2.64%, making it the 1181st lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Hormones are Bahamas (40.2%), Bermuda (25%), Cayman Islands (20.2%), and Comoros (18.9%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mozambique (0%), Mauritius (0%), and Rwanda (0%).

Ranking Hormones ranks 328th in the Product Complexity Index (PCI).

Description Hormones are chemical messengers used to regulate various functions in the body. Prostaglandins, thromboxanes, and leukotrienes are all made from arachidonic acid. Natural prostaglandins are derived from arachidonic acid and are used as hormones in the body. Synthetic prostaglandins are also used as hormones in the body. Derivatives and structural analogues of prostaglandins, thromboxanes, and leukotrienes are also used as hormones in the body.

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Y-AXIS SCALE

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

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

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

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Historical Data

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Exporters and Importers

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Trade By Country

Top Destination (2020): United States, $4.43B

Hormones are the world's 186th most traded product.

In 2020, the top importers of Hormones were United States ($4.43B), France ($3.1B), Austria ($2.59B), Italy ($1.81B), and China ($1.1B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Ireland, $2.07B

Top Destination Growth (2019 - 2020): United States, $1.73B

Between 2019 and 2020, the exports of Hormones grew the fastest in Ireland ($2.07B), Switzerland ($998M), Denmark ($157M), Austria ($64.8M), and Italy ($55.6M).

Between 2019 and 2020, the fastest growing importers of Hormones were United States ($1.73B), Germany ($286M), France ($283M), Belgium ($216M), and China ($155M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Hormones.

In 2020,  market concentration measured using Shannon Entropy, was 3.63. This means that most of the exports of Hormones are explained by 12 countries.

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TOP NET EXPORTER (2020): Ireland, $4.19B

TOP NET IMPORTER (2020): France, $2.83B

This map shows which countries export or import more of Hormones. Each country is colored based on the difference in exports and imports of Hormones during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Hormones were Ireland ($4.19B), Switzerland ($2.96B), Denmark ($1.27B), Belgium ($1.21B), and Sweden ($424M).

In 2020, the countries that had a largest trade value in imports than in exports of Hormones were France ($2.83B), United States ($2.25B), Austria ($1.52B), Italy ($1.2B), and Canada ($615M).

Disaggregation

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Value

In 2020, the world most traded Hormones, disaggragated by their HS6 level were Hormones nes, derivatives, in bulk, steroids... ($10.3B), Adrenal cortical hormones nes, in bulk,... ($3.85B), Insulin, salts, in bulk ($2.62B), Halogenated derivs adrenalal cortical hormones, bulk ($1.17B), and Oestrogens and progestogens, in bulk ($835M)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Hormones.
It is possible to select the main countries that export or import Hormones in the world, or by continent, as well as select the measure of interest.

Product Complexity

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Diversification Frontier

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Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Country by Relatedness

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The following visualization shows the relatedness of Hormones to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.