Latest trade
$40.3BGlobal subsector valueHS4 subsector intelligence
Hormones
HS4 2937 trade overview
A focused view of this HS4 subsector: market scale, momentum, leading routes, countries, and the HS6 classifications inside it.
The numbers at a glanceLatest reported year · 2024
Annual change
-13.9%Latest year on yearExporters
119Active reporting countriesImporters
189Active reporting countriesHS6 products
9Classifications inside HS4The subsector read
$40.3B in trade, with +21.8% annualized growth over three years.
Hormones is recorded across 3,035 active corridors, with 119 exporters and 189 importers.
Annual trend
Subsector momentum over time
Reported global trade from 1995 to 2024. Read the methodology ↗
Top trade corridors
Where the subsector moves
Leading exporter-to-importer relationships by latest reported value. See data sources ↗
Latest reported relationshipsTop 10 by trade value
| Rank | Exporter | Importer | Trade value | Growth | HS6 | Distance | FTA |
|---|---|---|---|---|---|---|---|
| 1 | IrelandIRL | USA, Puerto Rico and US Virgin IslandsUSA | $15.3B | +56.5% | 8 | 5,129 km | No |
| 2 | USA, Puerto Rico and US Virgin IslandsUSA | ItalyITA | $6.3B | +85.4% | 8 | 6,907 km | No |
| 3 | IrelandIRL | ItalyITA | $2.4B | +129.9% | 3 | 1,887 km | Yes |
| 4 | DenmarkDNK | ChinaCHN | $1.9B | +5.9% | 5 | 8,271 km | No |
| 5 | USA, Puerto Rico and US Virgin IslandsUSA | GermanyDEU | $1.6B | +122.6% | 9 | 6,402 km | No |
| 6 | United KingdomGBR | USA, Puerto Rico and US Virgin IslandsUSA | $843.0M | -1.7% | 9 | 5,585 km | No |
| 7 | USA, Puerto Rico and US Virgin IslandsUSA | DenmarkDNK | $653.0M | +149.8% | 7 | 6,204 km | No |
| 8 | Switzerland, LiechtensteinCHE | AustriaAUT | $650.7M | -37.7% | 6 | 597 km | Yes |
| 9 | SingaporeSGP | USA, Puerto Rico and US Virgin IslandsUSA | $643.9M | +5.2% | 7 | 15,347 km | Yes |
| 10 | ArgentinaARG | USA, Puerto Rico and US Virgin IslandsUSA | $491.1M | +55.7% | 2 | 8,492 km | No |
Market structure
Where supply and demand concentrate
Exporter and importer rankings show the two sides of the subsector separately. Check coverage ↗
| Rank | Country | Exports | Partners | HS6 |
|---|---|---|---|---|
| 1 | IrelandIRL | $18.2B | 48 | 9 |
| 2 | USA, Puerto Rico and US Virgin IslandsUSA | $9.6B | 130 | 9 |
| 3 | DenmarkDNK | $2.2B | 73 | 9 |
| 4 | ChinaCHN | $1.4B | 139 | 9 |
| 5 | Switzerland, LiechtensteinCHE | $1.1B | 82 | 9 |
| 6 | GermanyDEU | $939.0M | 112 | 9 |
| 7 | United KingdomGBR | $914.6M | 99 | 9 |
| 8 | SingaporeSGP | $800.9M | 73 | 9 |
| 9 | SwedenSWE | $753.6M | 40 | 9 |
| 10 | BelgiumBEL | $719.9M | 79 | 9 |
| Rank | Country | Imports | Partners | HS6 |
|---|---|---|---|---|
| 1 | USA, Puerto Rico and US Virgin IslandsUSA | $18.4B | 52 | 9 |
| 2 | ItalyITA | $9.8B | 43 | 9 |
| 3 | GermanyDEU | $2.7B | 53 | 9 |
| 4 | ChinaCHN | $2.3B | 43 | 9 |
| 5 | FranceFRA | $1.3B | 52 | 9 |
| 6 | BelgiumBEL | $817.1M | 35 | 9 |
| 7 | DenmarkDNK | $759.5M | 31 | 9 |
| 8 | AustriaAUT | $717.1M | 30 | 9 |
| 9 | CanadaCAN | $408.3M | 47 | 9 |
| 10 | IndiaIND | $392.1M | 45 | 9 |
HS6 product coverage
The products inside HS4 2937
Six-digit classifications make the subsector specific. Browse the product workspace ↗
16 classifications shownHormones
Hormones: pituitary (anterior) or similar hormones and their derivativesHS6 293710
Polypeptide hormones, protein hormones and glycoprotein hormones, their derivatives and structural analogues: somatotropin, its derivatives and structural analoguesHS6 293711
Polypeptide hormones, protein hormones and glycoprotein hormones, their derivatives and structural analogues: insulin and its saltsHS6 293712
Polypeptide hormones, protein hormones and glycoprotein hormones, their derivatives and structural analogues: other than somatotropin, (its derivatives and structural anaologues) and insulin and its saltsHS6 293719
Hormones: cortisone, hydrocortisone, prednisone (dehydrocortisone) and prednisolone (dehydrohydrocortisone)HS6 293721
Steroidal hormones, their derivatives and structural analogues: halogenated derivatives of corticosteroidal hormonesHS6 293722
Steroidal hormones, their derivatives and structural analogues: oestrogens and progestogensHS6 293723
Steroidal hormones, their derivatives and structural analogues: other than cortisone, hydrocortisone, prednisone (dehydrocortisone), prednisolone (dehydrohydrocortisone), halogenated derivatives of corticosteroidal hormones, oestrogen and progestogensHS6 293729
Hormones: catecholamine hormones, their derivatives and structural analogues, epinephrineHS6 293731
Hormones: catecholamine hormones, their derivatives and structural analogues, other than epinephrineHS6 293739
Hormones: amino-acid derivativesHS6 293740
Prostaglandins, thromboxanes and leukotrienes, their derivatives and structural analoguesHS6 293750
Hormones, prostaglandins, thromboxanes and leukotrienes, natural or reproduced by synthesis: derivatives and structural analogues thereof, including chain modified polypeptides, used primarily as hormones, n.e.c. in 2937HS6 293790
Hormones and steroids used primarily as hormones: insulin and its saltsHS6 293791
Hormones and steroids used primarily as hormones: oestrogens and progestogensHS6 293792
Hormones and steroids used primarily as hormones: (other than insulin and its salts, oestrogens and progestogens)HS6 293799
Definitions and coverage
Read the numbers with context
Reported observations and calculated indicators should be read with their coverage period. Responsible AI principles ↗
Reported values
Trade values describe reported merchandise trade for the HS4 classification, not company-level sales or shipment records.
Calculated indicators
Growth, concentration, volatility, and peak comparisons are calculated from reported observations.
Missing data
Unavailable observations remain unavailable. They are not filled, interpolated, or presented as forecasts.
Coverage: 1995-2024 · Data refreshed 2026-07-20 09:34:09
Data source
OECD trade statistics with CEPII context
OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.