HS Icon Hormones

2937 (Harmonized System 1992 for 4-digit)

World Trade (2018): $15.3B, Rnk 239 / 1225

Top Exporter (2018): $2.87B, United States

Top Importer (2018): $2.61B, France

Product Complexity (2018): 1.24, Rnk 95 / 1018

Export Growth (CAGR)(2017 - 2018): 11.7%, Rnk 687 / 1225

Mean Tariff (2018): 2.56%, Rnk 1177 / 1259

Share of World Trade (2018): 0.083%, Rnk 239 / 1225

Overview:  This page contains the latest trade data of Hormones. In 2018, Hormones were the world's 239th most traded product, with a total trade of $15.3B. Between 2017 and 2018 the exports of Hormones grew by 11.7%, from  $13.7B to $15.3B. Trade in Hormones represent 0.083% of total world trade.

Exports: In 2018 the top exporters of Hormones  were United States ($2.87B), Switzerland ($2.52B), Belgium-Luxembourg ($2.06B), Singapore ($1.1B), and Denmark ($940M).

Imports: In 2018 the top importers of Hormones were France ($2.61B), Austria ($2.33B), Italy ($1.64B), United States ($1.26B), and Germany ($999M).

Tariffs: In 2018 the average tariff for Hormones was 2.56%, been the 1177 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Hormones are Bahamas (40.2%), Bermuda (25%), Iran (17.5%), Maldives (14.7%), and Algeria (12.7%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mozambique (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Hormones ranks 95th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $2.87B

Top Destination (2018): France, $2.61B

Hormones are the world's 239th most traded product.

In 2018, the top exporters of Hormones were United States ($2.87B), Switzerland ($2.52B), Belgium-Luxembourg ($2.06B), Singapore ($1.1B), and Denmark ($940M).

In 2018, the top importers of Hormones were France ($2.61B), Austria ($2.33B), Italy ($1.64B), United States ($1.26B), and Germany ($999M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Belgium-Luxembourg, $803M

Top Destination Growth (2017 - 2018): France, $1.05B

Between 2017 and 2018, the exports of Hormones grew the fastest in Belgium-Luxembourg ($803M), Austria ($728M), Singapore ($641M), Denmark ($231M), and China ($150M).

Between 2017 and 2018, the fastest growing importers of Hormones were France ($1.05B), United States ($696M), Germany ($404M), Canada ($239M), and China ($185M).

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Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 3.79. This means that most of the exports of Hormones are explained by 13 countries.

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TOP NET EXPORTER (2018): Switzerland, $1.69B

TOP NET IMPORTER (2018): France, $2.39B

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Hormones were Switzerland ($1.69B), United States ($1.62B), Belgium-Luxembourg ($1.19B), Singapore ($1.05B), and Denmark ($924M).

In 2018, the countries that had a largest trade value in imports than in exports of Hormones were France ($2.39B), Austria ($1.55B), Italy ($1.13B), Canada ($877M), and Germany ($533M).

Trade Forecasts

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This section shows forecasts for total trade for Hormones. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Hormones was 2.56%.  The countries with the highest tariffs for importing Hormones were Bahamas (40.2%), Bermuda (25%), Iran (17.5%), Maldives (14.7%), and Algeria (12.7%).

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Product Complexity

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Diversification Frontier

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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.