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%).