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Pricing

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

About

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.

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.

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

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$212M and imported C$1.03B from Brazil, resulting in a negative trade balance of C$821M. Between August 2023 and August 2024 the exports of Canada have decreased by C$-125M (-37.1%) from C$337M to C$212M, while imports increased by C$160M (18.3%) from C$873M to C$1.03B.

Trade In August 2024, the top exports of Canada to Brazil were Potassic Fertilizers (C$191M), Packaged Medicaments (C$9.28M), Gas Turbines (C$9M), Harvesting Machinery (C$6.81M), and Commodities not elsewhere specified (C$3.4M). In August 2024 the top imports of Canada from Brazil were Gold (C$182M), Aluminium Oxide (C$151M), Planes, Helicopters, and/or Spacecraft (C$81.2M), Raw Sugar (C$62.5M), and Coffee (C$27.8M).

Origins In August 2024 the exports of Canada were mainly from Saskatchewan (C$115M), Quebec (C$40.8M), Ontario (C$29.9M), Alberta (C$15M), and Nova Scotia (C$4.79M), while imports destinations were mainly Ontario (C$552M), Quebec (C$426M), British Columbia (C$32.2M), New Brunswick (C$7.42M), and Alberta (C$5.59M).

Growth In August 2024, the decrease in Canada's year-by-year exports to Brazil was explained primarily by an decrease in product exports in Packaged Medicaments (C$-1.72M or -15.6%), Other Measuring Instruments (C$-1.57M or -88%), and Eggs (C$-1.49M or -80.7%). In August 2024, the increase in Canada's year-by-year imports  from Brazil was explained primarily by an increase in product imports  in Gold (C$37.6M or 26%), Raw Sugar (C$25.2M or 67.6%), and Coffee (C$14.9M or 116%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$-125M(-37.1%)
IMPORT GROWTH (August 2023 - August 2024)C$160M(18.3%)
MAIN EXPORTER (August 2024)SaskatchewanC$115M

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

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

For full datasets download visit Bulk Download page.

Explore Brazil and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $3.53B in 2022.

In 2017, 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 2022 to $5.63B in 2017.

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

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

Market Competitiveness

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

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

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

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

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

Comparative Advantage Canada - Brazil

Flow
Scale

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

During 2022, Canada had a large net trade with Brazil in the exports of Chemical Products ($2.44B), Machines ($357M), and Transportation ($195M).

During 2017, Brazil had a large net trade with Canada in the exports of Precious Metals ($1.69B), Chemical Products ($1.57B), and Foodstuffs ($603M).

Potential Exports

Potential Exports

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

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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Economic Complexity

Competitive Landscape

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

Product Space of Canada (Flag) and Brazil (Flag) (2022)

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