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2022
Flag → Flag
Exports $5.63BRnk 13 / 223
2022
Flag → Flag
Top Product $1.67BGold
2022
Flag → Flag
Exports $3.53BRnk 12 / 215
2022
Flag → Flag
Top Product $2.31BPotassic Fertilizers
2022
Flag
Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
 GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC $8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186
2022
Flag
GDP PC$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186

About

Brazil-Canada Trade: In 2022, Brazil exported $5.63B to Canada. The main products that Brazil exported to Canada were Gold ($1.67B), Aluminium Oxide ($1.43B), and Raw Sugar ($500M). Over the past 5 years the exports of Brazil to Canada have increased at an annualized rate of 14%, from $2.92B in 2017 to $5.63B in 2022.

In 2022, Brazil did not export any services to Canada.

Canada-Brazil Trade: In 2022, Canada exported $3.53B to Brazil. The main products that Canada exported to Brazil were Potassic Fertilizers ($2.31B), Planes, Helicopters, and/or Spacecraft ($136M), and Gas Turbines ($124M). Over the past 5 years the exports of Canada to Brazil have increased at an annualized rate of 19.6%,  from $1.44B in 2017 to $3.53B in 2022.

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 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Latest Trends

July, 2024

About

Overview In July 2024, Brazil exported $585M and imported $312M from Canada, resulting in a positive trade balance of $273M. Between July 2023 and July 2024 the exports of Brazil have increased by $71.8M (14%) from $513M to $585M, while imports increased by $37M (13.4%) from $275M to $312M.

Trade In July 2024, the top exports of Brazil to Canada were Gold ($128M), Aluminium Oxide ($122M), Planes, Helicopters, and/or Spacecraft ($60.5M), Nickel Ore ($32M), and Raw Sugar ($16.2M). In July 2024 the top imports of Brazil from Canada were Potassic Fertilizers ($97.1M), Ethylene Polymers ($15.8M), Packaged Medicaments ($8.42M), Gas Turbines ($7.9M), and Harvesting Machinery ($4.85M).

Origins In July 2024 the exports of Brazil were mainly from São Paulo ($128M), Maranhão ($106M), Minas Gerais ($81.2M), Bahia ($69.7M), and Pará ($57M), while imports destinations were mainly São Paulo ($58.4M), Mato Grosso ($51.1M), Rio Grande do Sul ($40.9M), Paraná ($33.8M), and Minas Gerais ($31.8M).

Growth In July 2024, the increase in Brazil's year-by-year exports to Canada was explained primarily by an increase in product exports in Gold ($13.4M or 11.7%), Iron Pipes ($7.17M or 267k%), and Large Construction Vehicles ($5.5M or 108%). In July 2024, the increase in Brazil's year-by-year imports  from Canada was explained primarily by an increase in product imports  in Potassic Fertilizers ($17.1M or 21.3%), Harvesting Machinery ($4.19M or 643%), and Gas Turbines ($3.01M or 61.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$71.8M(14%)
IMPORT GROWTH (July 2023 - July 2024)$37M(13.4%)
MAIN EXPORTER (July 2024)São Paulo$128M

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.

Explore Canada and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brazil exported $5.63B to Canada. The main products exported from Brazil to Canada were Gold ($1.67B), Aluminium Oxide ($1.43B), and Raw Sugar ($500M). During the last 5 years the exports of Brazil to Canada have increased at an annualized rate of 14%, from $2.92B in 2017 to $5.63B in 2022.

In 2017, Canada exported $3.53B to Brazil. The main products exported from Canada to Brazil were Potassic Fertilizers ($2.31B), Planes, Helicopters, and/or Spacecraft ($136M), and Gas Turbines ($124M). During the last 5 years the exports of Canada to Brazil have increased at an annualized rate of 19.6%, from $1.44B in 2022 to $3.53B in 2017.

Exports from Brazil (Flag) to Canada (Flag) (2022)

Exports from Canada (Flag) to Brazil (Flag) (2022)

Market Competitiveness

Color
Brazil
Top DestinationChina$90.1B
Canada
Top DestinationUnited States$438B

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 2022, countries that imported more from Brazil than Canada included China ($90.1B), Argentina ($15.4B), and Chile ($9.17B).

In 2022, countries that imported more from Canada than Brazil included United States ($438B), United Kingdom ($12.9B), and Japan ($14.3B).

Difference in imports from Canada (Flag) and Brazil (Flag) (2022)

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 2022, Brazil had a large net trade with Canada in the exports of Precious Metals ($1.69B), Chemical Products ($1.57B), and Foodstuffs ($603M).

During 2017, Canada had a large net trade with Brazil in the exports of Chemical Products ($2.44B), Machines ($357M), and Transportation ($195M).

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) (2022)

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