Tocantins

State 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.

Comparison in Time

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Flow
Value

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.

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Yearly Exports

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Value
Depth

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).

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Exports Dynamics

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Fastest Growing Exports Destination (Feb 2020 - Feb 2021)

Rapidly Declining Export Origins (Feb 2020 - Feb 2021)

Yearly Imports

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Value
Depth

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).

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Imports Dynamics

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Fastest Growing Import Origins (Feb 2020 - Feb 2021)

Rapidly Declining Import Origins (Feb 2020 - Feb 2021)

Economic Complexity

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Economic Complexity of Brazil

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Tocantins ranks 19th out of the 27 N/A in Brazil according to ECI.

Estimated using exports data.

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Economic Complexity Ranking

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Scale

The economic complexity of a territory can change year to year. Tocantins it is in position 19th considering its ECI in the last year.

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Export Opportunities by Relatedness

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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).

Most Complex Products by PCI

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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.

Most Specialized Products by RCA Index

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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.

Relatedness Space

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This network shows the products most related to the production structure of  Tocantins. These are products that tend to be co-exported with the products that Tocantins exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth
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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.