TocantinsState in Brazil
2019 Economic Complexity: -1.08, Rank 19 of 25
Feb 2021 Trade Exports | Imports: $26.2M | $9.91M, 21 of 28 | 24 of 29
Feb 2021 Country Destination | Origin: China | China , $14.2M | $4.75M
Feb 2021 Product Exports | Imports: Frozen Bovine Meat | Potassic Fertilizers , $14.9M | $2.13M
Overview: This page contains the latest international trade data for Tocantins, including export and import data.
Exports: In 2020, Brazil's Tocantins exported $1.37B, making it the 17th largest exporter out of the 27 exporters in Brazil. In 2020 the top exports of Tocantins were Soya beans: other than seed, whether... ($872M), Bovine cuts boneless, frozen ($306M), Maize except seed corn ($118M), Bovine cuts boneless, fresh or chilled ($18M), and Soya-bean oil-cake and other solid residues ($12.9M).
Imports: In 2020, Brazil's Tocantins imported $254M, making it the 22nd largest importer out of the 27 importers in Brazil. In 2020 top imports of Tocantins were Petroleum spirit for motor vehicles ($112M), Coal tar distillation products nes ($21.2M), Potassium chloride, in packs >10 kg ($19.1M), Monoammonium phosphate & mix with diammonium,... ($16.1M), and Urea, including aqueous solution in packs... ($10.2M).
Economic Complexity: In 2019, the highest complexity exports of Tocantins according to the product complexity index (PCI) are Peptones (0.76), Edible Offal (-0.51), Bovine Meat (-0.54), Other Inedible Animal Products (-0.67), and Frozen Bovine Meat (-0.77). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Overview: In February 2021 Tocantins exported $26.2M and imported $9.91M, resulting in a positive trade balance of $16.3M. Between February 2020 and February 2021 the exports of Tocantins have decreased by $-2.11M (-7.46%) from $28.3M to $26.2M, while imports decreased by $-34.7k (-0.35%) from $9.94M to $9.91M.
Trade: In February 2021, the top exports of Tocantins were Frozen Bovine Meat ($14.9M), Soybeans ($4.43M), Bovine Meat ($1.94M), Soybean Meal ($941k), and Animal Organs ($908k). In February 2021 the top imports of Tocantins were Potassic Fertilizers ($2.13M), Eyewear Frames ($1.24M), Telephones ($903k), Mixed Mineral or Chemical Fertilizers ($711k), and Rice ($707k).
Destinations: In February 2021, Tocantins exported mostly to China ($14.2M), Hong Kong ($2.96M), Philippines ($1.12M), Netherlands ($973k), and Mexico ($936k), and imported mostly from China ($4.75M), Russia ($2.84M), Turkmenistan ($610k), Uruguay ($460k), and Austria ($290k).
Growth: In February 2021, the decrease in Tocantins's year-by-year exports was explained primarily by an decrease in exports to Russia ($-5.39M or -89.6%), United Arab Emirates ($-608k or -43%), and Pakistan ($-525k or -80%), and product exports decrease in Frozen Bovine Meat ($-5.83M or -28.2%), Raw Cotton ($-837k or -94.6%), and Corn ($-709k or -69%). In February 2021, the decrease in Tocantins's year-by-year imports was explained primarily by an decrease in imports from Argentina ($-526k or -75.3%), Uruguay ($-223k or -32.7%), and Italy ($-155k or -99%), and product imports decrease in Nitrogenous Fertilizers ($-2.07M or -77.2%), Refined Petroleum ($-469k or -90.5%), and Other Iron Products ($-185k or -98.9%).
EXPORT GROWTH (February 2020 - February 2021): $-2.11M, (-7.46%)
IMPORT GROWTH (February 2020 - February 2021): $-34.7k, (-0.35%)
This section shows exports and imports data at subnational level for Tocantins. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Tocantins over time.
This section shows the differences between Tocantins's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Brazil's country profile.
Top Destination (2020): China, $777M
Top Product (2020): Soya beans: other than seed, whether..., $872M
In 2020 the top export destinations of Tocantins were China ($777M), Spain ($77.6M), Hong Kong ($49.9M), Egypt ($46.2M), and Thailand ($41.4M).
In 2020 the top exports of Tocantins were Soya beans: other than seed, whether... ($872M), Bovine cuts boneless, frozen ($306M), Maize except seed corn ($118M), Bovine cuts boneless, fresh or chilled ($18M), and Soya-bean oil-cake and other solid residues ($12.9M).
Fastest Growing Exports Destination (Feb 2020 - Feb 2021)
Rapidly Declining Export Origins (Feb 2020 - Feb 2021)
Top Origin (2020): United States, $123M
Top Import (2020): Petroleum spirit for motor vehicles, $112M
In 2020 the top import origins of Tocantins were United States ($123M), China ($43M), Russia ($27.7M), Argentina ($18.4M), and Uruguay ($6.76M).
In 2020 the top imports of Tocantins were Petroleum spirit for motor vehicles ($112M), Coal tar distillation products nes ($21.2M), Potassium chloride, in packs >10 kg ($19.1M), Monoammonium phosphate & mix with diammonium,... ($16.1M), and Urea, including aqueous solution in packs... ($10.2M).
Tocantins ranks 19th out of the 27 N/A in Brazil according to ECI.
Estimated using exports data.
The economic complexity of a territory can change year to year. Tocantins it is in position 19th considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Tocantins already has a comparative advantage, are led by Rice (0.027), Gold (0.021), Rough Wood (0.018), Bovine (0.017), and Perfume Plants (0.017).
The highest complexity exports of Tocantins according to the product complexity index (PCI) are Peptones (0.76), Edible Offal (-0.51), Bovine Meat (-0.54), Other Inedible Animal Products (-0.67), and Frozen Bovine Meat (-0.77). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Soybeans (215), Frozen Bovine Meat (101), Corn (36.6), Animal Organs (36.5), and Peptones (26.5).
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Tocantins is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.
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