TocantinsState in Brazil
2020 Economic Complexity : -1.22, Rank 20 of 22
Mar 2021 Trade Exports | Imports: $160M | $78.6M, 17 of 28 | 19 of 28
Mar 2021 Country Destination | Origin: China | United States , $132M | $62.6M
Mar 2021 Product Exports | Imports: Soya beans: other than seed, whether or not... | Petroleum spirit for motor vehicles , $130M | $31.7M
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 Edible Offal (-0.51), Bovine Meat (-0.54), Other Inedible Animal Products (-0.67), Frozen Bovine Meat (-0.77), and Tanned Equine and Bovine Hides (-0.97). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Overview: In March 2021 Tocantins exported $160M and imported $78.6M, resulting in a positive trade balance of $81.2M. Between March 2020 and March 2021 the exports of Tocantins have increased by $6.33M (4.12%) from $154M to $160M, while imports increased by $66.5M (546%) from $12.2M to $78.6M.
Trade: In March 2021, the top exports of Tocantins were Soybeans ($130M), Frozen Bovine Meat ($23.3M), Soybean Meal ($1.47M), Bovine Meat ($1.2M), and Corn ($1.19M). In March 2021 the top imports of Tocantins were Refined Petroleum ($32.5M), Coal Tar Oil ($30M), Mixed Mineral or Chemical Fertilizers ($2.71M), Nitrogenous Fertilizers ($2.24M), and Medical Instruments ($2.07M).
Destinations: In March 2021, Tocantins exported mostly to China ($132M), Pakistan ($11.2M), Philippines ($3.77M), Hong Kong ($3.53M), and Mexico ($1.94M), and imported mostly from United States ($62.6M), China ($6.55M), Russia ($3.38M), Egypt ($1.94M), and Turkmenistan ($1.2M).
Growth: In March 2021, the increase in Tocantins's year-by-year exports was explained primarily by an increase in exports to China ($19.6M or 17.5%), Pakistan ($10.9M or 4.54k%), and United States ($977k or 459%), and product exports increase in Soybeans ($5.51M or 4.44%), Other Inedible Animal Products ($477k or 225%), and Soybean Meal ($292k or 24.9%). In March 2021, the increase in Tocantins's year-by-year imports was explained primarily by an increase in imports from United States ($62.6M or 86k%), China ($4.24M or 184%), and Turkey ($142k or 167%), and product imports increase in Refined Petroleum ($32.1M or 7.8k%), Mixed Mineral or Chemical Fertilizers ($1.78M or 190%), and Light Fixtures ($760k or 17.2k%).
EXPORT GROWTH (March 2020 - March 2021): $6.33M, (4.12%)
IMPORT GROWTH (March 2020 - March 2021): $66.5M, (546%)
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.
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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 (Mar 2020 - Mar 2021)
Rapidly Declining Export Origins (Mar 2020 - Mar 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).
Fastest Growing Import Origins (Mar 2020 - Mar 2021)
Rapidly Declining Import Origins (Mar 2020 - Mar 2021)
Economic Complexity (2020): -1.22
Tocantins ranks 20th out of the 27 N/A in Brazil according to ECI.
The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.
Estimated using exports data.
The economic complexity of a territory can change year to year. Tocantins it is in position 20th 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 (0.023), Iron Ore (0.019), Bovine (0.014), Fruit Juice (0.014), and Poultry Meat (0.014).
The highest complexity exports of Tocantins according to the product complexity index (PCI) are Edible Offal (-0.51), Bovine Meat (-0.54), Other Inedible Animal Products (-0.67), Frozen Bovine Meat (-0.77), and Tanned Equine and Bovine Hides (-0.97). 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 (198), Frozen Bovine Meat (162), Corn (44.6), Animal Organs (22.9), and Other Inedible Animal Products (20.1).
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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