Subheading · Section VI

2937.12: Insulin and its salts

2937.12
  • FreeUK
  • FreeEU
  • 0%–5%Türkiye
  • FreeUSA
  • US$539.2mWorld trade in 2024

Subheading 2937.12 belongs to heading 2937 (hormones, prostaglandins, thromboxanes and leukotrienes, natural or reproduced…) in chapter 29.

The UK Global Tariff has one tariff line for subheading 2937.12; the duty is duty-free.

Subheading 2937.12 is a single line in the EU Combined Nomenclature, where the duty is duty-free.

The Turkish Customs Tariff Schedule divides subheading 2937.12 into 2 tariff lines; the statutory rate is between 0% and 5% (average 2.5%). 1 of them is duty-free.

Subheading 2937.12 is a single line in the Harmonized Tariff Schedule of the United States, where the duty is duty-free.

In 2024, countries exported these goods worth US$539.2m (−48.8% year on year).

The largest exporter was Denmark (US$240.6m), followed by the United States.

The biggest buyer was the United States, with imports of US$96.7m.

The United Kingdom ranked 17th among 51 exporters with US$778.3k.

The United Kingdom imported US$2.1m.

Duty rates compared

UK Free Third-country duty 1 tariff line EU Free Third-country duty 1 tariff line Türkiye Free – 5% Statutory rate (Law 474) 2 tariff lines · average 2.5% USA Free General (MFN) 1 tariff line

The Turkish schedule prints the statutory rate set under Customs Law 474. The rate applied at import is laid down in the Import Regime Decision and can be lower, or different by country of origin.

UK Global Tariff

UK lines →
  1. 2937 12 00 00 Insulin and its salts Freeg

EU Combined Nomenclature

EU lines →
  1. 2937 12 00 Insulin and its salts Freeg

Turkish Customs Tariff Schedule

Türkiye lines →

This line has no official text in this language; it is shown in the language of its tariff.

  1. 2937.12 Ensülin ve tuzları :
  2. 2937.12.00.10.00 Ensülin FreeGr
  3. 2937.12.00.20.00 Ensülin tuzları 5%Gr

Harmonized Tariff Schedule of the United States

USA lines →
  1. 2937.12.00.00 Insulin and its salts Freeg

World trade in 2024

2937.12 · US$539.2m

Trade value (US$) no reported trade < US$57.6kUS$57.6k+US$3.6m+US$44.6m+> US$73m

Exports: 51
  1. Denmark: US$240.6m
  2. United States: US$73m
  3. Malaysia: US$60.9m
  4. Portugal: US$52.3m
  5. India: US$44.6m
  6. China: US$23.4m
  7. France: US$12m
  8. Germany: US$7.5m
  9. Canada: US$6.6m
  10. Belgium: US$3.9m
  11. Singapore: US$3.6m
  12. Poland: US$2.6m
  13. United Arab Emirates: US$2.4m
  14. Netherlands: US$1.5m
  15. Switzerland: US$1.3m
  16. Ireland: US$875.1k
  17. United Kingdom: US$778.3k
  18. Russia: US$556.8k
  19. Romania: US$322.2k
  20. Latvia: US$142.8k
  21. Morocco: US$89.1k
  22. Japan: US$57.6k
  23. Austria: US$50.4k
  24. Australia: US$31.1k
  25. Mexico: US$20.3k
  26. Italy: US$19.9k
  27. Sweden: US$15.3k
  28. Spain: US$15.2k
  29. Armenia: US$14.9k
  30. Argentina: US$13.3k
  31. Brazil: US$7.8k
  32. South Africa: US$6.7k
  33. Finland: US$5.1k
  34. Israel: US$4k
  35. Afghanistan: US$1.3k
  36. Sri Lanka: US$1.3k
  37. Türkiye: US$1.3k
  38. South Korea: US$1.1k
  39. Greece: US$200
  40. Estonia: US$100
  41. Hong Kong SAR China: US$100
  42. Kenya: US$100
  43. New Zealand: US$100
  44. Ukraine: US$100
  45. Colombia: US$0
  46. Czechia: US$0
  47. Algeria: US$0
  48. Croatia: US$0
  49. Kyrgyzstan: US$0
  50. Slovakia: US$0
  51. Thailand: US$0

Top exporters

RankCountryValueShare
1 Denmark US$240.6m 44.6%
2 United States US$73m 13.5%
3 Malaysia US$60.9m 11.3%
4 Portugal US$52.3m 9.7%
5 India US$44.6m 8.3%
6 China US$23.4m 4.3%
7 France US$12m 2.2%
8 Germany US$7.5m 1.4%
9 Canada US$6.6m 1.2%
10 Belgium US$3.9m 0.7%

Top importers

RankCountryValueShare
1 United States US$96.7m 17.9%
2 France US$82.6m 15.3%
3 Denmark US$54.6m 10.1%
4 Mexico US$40.4m 7.5%
5 India US$37.4m 6.9%
6 Italy US$35.6m 6.6%
7 Brazil US$34.1m 6.3%
8 China US$28.9m 5.4%
9 Germany US$13.6m 2.5%
10 Algeria US$12.2m 2.3%

Products classified here

Questions and answers

What is the HS code for insulin and its salts?

Insulin and its salts fall under HS subheading 2937.12, part of heading 2937, in section VI of the Harmonized System.

What is the import duty on insulin and its salts in the UK?

Under the UK Global Tariff, imports under 2937.12 from countries without a preferential agreement are free of duty. Preferential rates, anti-dumping duties and VAT are not included.

What is the import duty on insulin and its salts in the EU?

Under the EU Combined Nomenclature, imports under 2937.12 from countries without a preferential agreement are free of duty. Preferential rates, anti-dumping duties and VAT are not included.

Which country exports the most insulin and its salts?

Denmark, with US$240.6m in 2024 (44.6% of world exports).