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2023
Flag → Flag
Exports $6.42BRnk 11 / 221
2023
Flag → Flag
Top Product $1.69BGold
2023
Flag → Flag
Exports $3.51BRnk 13 / 215
2023
Flag → Flag
Top Product $2.09BPotassic Fertilizers
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag  
GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC $10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC$53,431CURRENT US$
Rnk 22 / 196
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195

About

Brazil-Canada Trade: In 2023, Brazil exported $6.42B to Canada. The main products that Brazil exported to Canada were Gold ($1.69B), Aluminium Oxide ($1.15B), and Planes, Helicopters, and/or Spacecraft ($740M). Over the past 5 years the exports of Brazil to Canada have increased at an annualized rate of 9.86%, from $4.01B in 2018 to $6.42B in 2023.

In 2023, Brazil did not export any services to Canada.

Canada-Brazil Trade: In 2023, Canada exported $3.51B to Brazil. The main products that Canada exported to Brazil were Potassic Fertilizers ($2.09B), Planes, Helicopters, and/or Spacecraft ($143M), and Gas Turbines ($140M). Over the past 5 years the exports of Canada to Brazil have increased at an annualized rate of 7.5%,  from $2.45B in 2018 to $3.51B in 2023.

In 2020, Canada exported services to Brazil worth $403M, with Travel ($259M), Computer and information services ($39.5M), and Transportation ($36.5M) being the largest in terms of value.

Comparison: In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B). That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Latest Trends

December, 2024

About

Overview In December 2024, Brazil exported $570M and imported $193M from Canada, resulting in a positive trade balance of $377M. Between December 2023 and December 2024 the exports of Brazil have decreased by $-17.2M (-2.93%) from $587M to $570M, while imports decreased by $-41.3M (-17.6%) from $234M to $193M.

Trade In December 2024, the top exports of Brazil to Canada were Gold ($125M), Aluminium Oxide ($112M), Planes, Helicopters, and/or Spacecraft ($61.6M), Copper Ore ($54M), and Nickel Ore ($17.3M). In December 2024 the top imports of Brazil from Canada were Potassic Fertilizers ($96.6M), Gas Turbines ($20.7M), Planes, Helicopters, and/or Spacecraft ($18.6M), Ethylene Polymers ($15.5M), and Packaged Medicaments ($11.5M).

Origins In December 2024 the exports of Brazil were mainly from Maranhão ($143M), Pará ($104M), Bahia ($87.6M), Minas Gerais ($84.7M), and São Paulo ($58.6M), while imports destinations were mainly São Paulo ($60.8M), Rio de Janeiro ($30M), Espírito Santo ($24.5M), Santa Catarina ($14.6M), and Paraná ($14.6M).

Growth In December 2024, the decrease in Brazil's year-by-year exports to Canada was explained primarily by an decrease in product exports in Nickel Ore ($-14.8M or -46.1%), Raw Sugar ($-13.9M or -85.9%), and Aluminium Oxide ($-10.5M or -8.58%). In December 2024, the decrease in Brazil's year-by-year imports  from Canada was explained primarily by an decrease in product imports  in Harvesting Machinery ($-4.53M or -93.4%), Scrap Aluminium ($-1.66M or -53.9%), and Hormones ($-1.57M or -97.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-17.2M(-2.93%)
IMPORT GROWTH (December 2023 - December 2024)$-41.3M(-17.6%)
MAIN EXPORTER (December 2024)Maranhão$143M

This section shows exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Brazil over time.

To check Canada and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $6.42B to Canada. The main products exported from Brazil to Canada were Gold ($1.69B), Aluminium Oxide ($1.15B), and Planes, Helicopters, and/or Spacecraft ($740M). During the last 5 years the exports of Brazil to Canada have increased at an annualized rate of 9.86%, from $4.01B in 2018 to $6.42B in 2023.

In 2018, Canada exported $3.51B to Brazil. The main products exported from Canada to Brazil were Potassic Fertilizers ($2.09B), Planes, Helicopters, and/or Spacecraft ($143M), and Gas Turbines ($140M). During the last 5 years the exports of Canada to Brazil have increased at an annualized rate of 7.5%, from $2.45B in 2023 to $3.51B in 2018.

Exports from Brazil (Flag) to Canada (Flag) (2023)

Exports from Canada (Flag) to Brazil (Flag) (2023)

Market Competitiveness

Color
Brazil
Top DestinationChina$106B
Canada
Top DestinationUnited States$410B

This map shows whether countries import more from Brazil or Canada. Each country is colored based on the difference in imports they receive from Brazil and Canada or the difference in the growth in imports.

In 2023, countries that imported more from Brazil than Canada included China ($106B), Argentina ($17.2B), and Chile ($8.68B).

In 2023, countries that imported more from Canada than Brazil included United States ($410B), United Kingdom ($18B), and Japan ($13.4B).

Difference in imports from Canada (Flag) and Brazil (Flag) (2023)

Comparative Advantage Brazil - Canada

Flow
Scale

This chart compares trade between Brazil and Canada by product, considering products traded by both, Brazil and Canada.

During 2023, Brazil had a large net trade with Canada in the exports of Precious Metals ($1.7B), Chemical Products ($1.32B), and Transportation ($799M).

During 2018, Canada had a large net trade with Brazil in the exports of Chemical Products ($2.25B), Machines ($428M), and Transportation ($212M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Canada+$81.6MRefined Petroleum
Top Product Potential Canada Brazil+$62.2MCoal Briquettes

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Canada exported services to Brazil worth $403M, with Travel ($259M), Computer and information services ($39.5M), and Transportation ($36.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Brazil (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Brazil and Canada. This means that a dot/product with the flag of Brazil indicates it has a comparative advantage over Canada. Similarly, a dot/product with the flag of Canada indicates it has a comparative advantage over Brazil.

Product Space of Brazil (Flag) and Canada (Flag) (2023)

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