# Hormones (HS4 2937) Trade Overview | Yugalinks

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Hormones at HS4 2937, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs4/2937

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## Answer

The hormones subsector recorded $40.3B in reported global trade in 2024, with -13.9% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $40.3B |
| Latest annual change | -13.9% |
| Active exporters | 119 |
| Active importers | 189 |
| Active HS6 products | 9 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $2.0B | 1,507 | 9 |
| 1996 | $2.3B | 1,493 | 9 |
| 1997 | $2.6B | 1,528 | 9 |
| 1998 | $2.9B | 1,498 | 9 |
| 1999 | $3.5B | 1,703 | 9 |
| 2000 | $3.6B | 1,839 | 9 |
| 2001 | $4.3B | 1,844 | 9 |
| 2002 | $5.9B | 1,986 | 9 |
| 2003 | $6.6B | 2,012 | 9 |
| 2004 | $8.0B | 2,035 | 9 |
| 2005 | $8.5B | 2,077 | 9 |
| 2006 | $8.6B | 2,093 | 9 |
| 2007 | $10.2B | 2,166 | 9 |
| 2008 | $10.1B | 2,282 | 9 |
| 2009 | $10.5B | 2,317 | 9 |
| 2010 | $10.7B | 2,363 | 9 |
| 2011 | $14.0B | 2,413 | 9 |
| 2012 | $16.3B | 2,556 | 9 |
| 2013 | $15.7B | 2,488 | 9 |
| 2014 | $16.8B | 2,540 | 9 |
| 2015 | $15.0B | 2,692 | 9 |
| 2016 | $14.3B | 2,671 | 9 |
| 2017 | $16.4B | 2,709 | 9 |
| 2018 | $16.7B | 2,726 | 9 |
| 2019 | $19.8B | 2,733 | 9 |
| 2020 | $21.0B | 2,798 | 9 |
| 2021 | $22.3B | 2,928 | 9 |
| 2022 | $24.3B | 3,017 | 9 |
| 2023 | $33.1B | 3,017 | 9 |
| 2024 | $40.3B | 3,035 | 9 |

## Leading corridors

- Ireland to USA, Puerto Rico and US Virgin Islands: $15.3B; growth +56.5%.
- USA, Puerto Rico and US Virgin Islands to Italy: $6.3B; growth +85.4%.
- Ireland to Italy: $2.4B; growth +129.9%.
- Denmark to China: $1.9B; growth +5.9%.
- USA, Puerto Rico and US Virgin Islands to Germany: $1.6B; growth +122.6%.
- United Kingdom to USA, Puerto Rico and US Virgin Islands: $843.0M; growth -1.7%.
- USA, Puerto Rico and US Virgin Islands to Denmark: $653.0M; growth +149.8%.
- Switzerland, Liechtenstein to Austria: $650.7M; growth -37.7%.
- Singapore to USA, Puerto Rico and US Virgin Islands: $643.9M; growth +5.2%.
- Argentina to USA, Puerto Rico and US Virgin Islands: $491.1M; growth +55.7%.

## HS6 products

- Hormones: pituitary (anterior) or similar hormones and their derivatives (HS6 293710)
- Polypeptide hormones, protein hormones and glycoprotein hormones, their derivatives and structural analogues: somatotropin, its derivatives and structural analogues (HS6 293711)
- Polypeptide hormones, protein hormones and glycoprotein hormones, their derivatives and structural analogues: insulin and its salts (HS6 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 salts (HS6 293719)
- Hormones: cortisone, hydrocortisone, prednisone (dehydrocortisone) and prednisolone (dehydrohydrocortisone) (HS6 293721)
- Steroidal hormones, their derivatives and structural analogues: halogenated derivatives of corticosteroidal hormones (HS6 293722)
- Steroidal hormones, their derivatives and structural analogues: oestrogens and progestogens (HS6 293723)
- Steroidal hormones, their derivatives and structural analogues: other than cortisone, hydrocortisone, prednisone (dehydrocortisone), prednisolone (dehydrohydrocortisone), halogenated derivatives of corticosteroidal hormones, oestrogen and progestogens (HS6 293729)
- Hormones: catecholamine hormones, their derivatives and structural analogues, epinephrine (HS6 293731)
- Hormones: catecholamine hormones, their derivatives and structural analogues, other than epinephrine (HS6 293739)
- Hormones: amino-acid derivatives (HS6 293740)
- Prostaglandins, thromboxanes and leukotrienes, their derivatives and structural analogues (HS6 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 2937 (HS6 293790)
- Hormones and steroids used primarily as hormones: insulin and its salts (HS6 293791)
- Hormones and steroids used primarily as hormones: oestrogens and progestogens (HS6 293792)
- Hormones and steroids used primarily as hormones: (other than insulin and its salts, oestrogens and progestogens) (HS6 293799)

## Definitions and coverage

Merchandise trade observations aggregated to HS4. Growth, concentration, volatility, and peak comparisons calculated from reported observations. Missing values remain unavailable and are not imputed.

Reported observations cover 1995-2024.

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## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). [OECD Data Explorer](https://data-explorer.oecd.org/) · [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) · [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) · [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.