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%).