{ "pageType": "HS4 subsector trade overview", "source": "api", "title": "Hormones (HS4 2937) Trade Overview | Yugalinks", "description": "Review reported global trade for hormones at HS4 2937, including scale, trend, corridors, countries, and the HS6 products within this subsector.", "canonical": "https://www.yugalinks.com/trade/sector/hs4/2937", "publisher": { "name": "Yugalinks", "url": "https://www.yugalinks.com", "linkedin": "https://in.linkedin.com/company/yugalinks", "sameAs": [ "https://in.linkedin.com/company/yugalinks" ] }, "sourceAttribution": { "publisher": "OECD", "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D", "year": 2025, "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27)", "sourceUrl": "https://data-explorer.oecd.org/", "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0", "termsUrl": "https://www.oecd.org/termsandconditions/", "terms": "OECD Terms & Conditions", "accessed": "2026-08-27", "supportingSources": [ { "publisher": "CEPII", "dataset": "BACI bilateral trade flows", "release": "202601", "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.", "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html", "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37", "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf", "license": "Etalab 2.0 Open Licence", "accessed": "2026-08-27" } ] }, "links": { "html": "https://www.yugalinks.com/trade/sector/hs4/2937/index.html", "markdown": "https://www.yugalinks.com/trade/sector/hs4/2937/index.md", "json": "https://www.yugalinks.com/trade/sector/hs4/2937/index.json", "jsonLd": "https://www.yugalinks.com/trade/sector/hs4/2937/index.ld.json", "linkedin": "https://in.linkedin.com/company/yugalinks" }, "internalLinks": { "workspace": "https://www.yugalinks.com/app", "platform": "https://www.yugalinks.com/platform", "methodology": "https://www.yugalinks.com/methodology", "dataSources": "https://www.yugalinks.com/data-sources", "dataCoverage": "https://www.yugalinks.com/data-coverage", "responsibleAi": "https://www.yugalinks.com/responsible-ai" }, "subsector": { "hs4": "2937", "name": "Hormones" }, "coverage": { "firstDataYear": 1995, "latestDataYear": 2024, "yearsWithData": 30, "refreshedAt": "2026-07-20 09:34:09" }, "answer": "The hormones subsector recorded $40.3B in reported global trade in 2024, with -13.9% annual change.", "keyFigures": { "latestTradeUsd": 40264149567.24298, "latestAnnualChangePct": -13.917742236151703, "activeExporters": 119, "activeImporters": 189, "activeHs6Products": 9 }, "growthAndStructure": { "trendLabel": "Rapid growth", "tradeCagr3yPct": 21.775634857168335, "tradeCagr5yPct": 15.229371184358698, "historicalPeakUsd": 40264149567.24298, "historicalPeakYear": 2024, "positiveGrowthYearSharePct": 79.3103448275862, "exporterConcentrationHhi": 2932.8900130007055, "importerConcentrationHhi": 2071.2158977080444, "tradeVolatilityCv": 0.6962758665362857 }, "annualRows": [ { "year": 1995, "hs4": 2937, 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"trade_balance_usd": -41659565.82842797, "export_partner_count": 135, "import_partner_count": 45, "active_hs6_count": 9, "country_name": "India" } ], "products": [ { "hs_code": "293710", "product_name": "Hormones: pituitary (anterior) or similar hormones and their derivatives" }, { "hs_code": "293711", "product_name": "Polypeptide hormones, protein hormones and glycoprotein hormones, their derivatives and structural analogues: somatotropin, its derivatives and structural analogues" }, { "hs_code": "293712", "product_name": "Polypeptide hormones, protein hormones and glycoprotein hormones, their derivatives and structural analogues: insulin and its salts" }, { "hs_code": "293719", "product_name": "Polypeptide hormones, protein hormones and glycoprotein hormones, their derivatives and structural analogues: other than somatotropin, (its derivatives and structural anaologues) and insulin and its salts" }, { "hs_code": "293721", "product_name": "Hormones: cortisone, hydrocortisone, prednisone (dehydrocortisone) and prednisolone (dehydrohydrocortisone)" }, { "hs_code": "293722", "product_name": "Steroidal hormones, their derivatives and structural analogues: halogenated derivatives of corticosteroidal hormones" }, { "hs_code": "293723", "product_name": "Steroidal hormones, their derivatives and structural analogues: oestrogens and progestogens" }, { "hs_code": "293729", "product_name": "Steroidal hormones, their derivatives and structural analogues: other than cortisone, hydrocortisone, prednisone (dehydrocortisone), prednisolone (dehydrohydrocortisone), halogenated derivatives of corticosteroidal hormones, oestrogen and progestogens" }, { "hs_code": "293731", "product_name": "Hormones: catecholamine hormones, their derivatives and structural analogues, epinephrine" }, { "hs_code": "293739", "product_name": "Hormones: catecholamine hormones, their derivatives and structural analogues, other than epinephrine" }, { "hs_code": "293740", "product_name": "Hormones: amino-acid derivatives" }, { "hs_code": "293750", "product_name": "Prostaglandins, thromboxanes and leukotrienes, their derivatives and structural analogues" }, { "hs_code": "293790", "product_name": "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 2937" }, { "hs_code": "293791", "product_name": "Hormones and steroids used primarily as hormones: insulin and its salts" }, { "hs_code": "293792", "product_name": "Hormones and steroids used primarily as hormones: oestrogens and progestogens" }, { "hs_code": "293799", "product_name": "Hormones and steroids used primarily as hormones: (other than insulin and its salts, oestrogens and progestogens)" } ], "methodology": { "reportedValues": "Merchandise trade observations aggregated to HS4.", "calculatedIndicators": "Growth, concentration, volatility, and peak comparisons calculated from reported observations.", "missingData": "Missing values remain unavailable and are not imputed." } }