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

About

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.

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.

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

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$145M and imported C$1.1B from Brazil, resulting in a negative trade balance of C$957M. Between November 2023 and November 2024 the exports of Canada have decreased by C$-72.1M (-33.2%) from C$217M to C$145M, while imports increased by C$331M (43%) from C$770M to C$1.1B.

Trade In November 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 November 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 November 2024 the exports of Canada were mainly from Quebec (C$59.3M), Saskatchewan (C$44.6M), Ontario (C$25.1M), Alberta (C$5.11M), and Newfoundland Labrador (C$4.08M), while imports destinations were mainly Ontario (C$547M), Quebec (C$486M), British Columbia (C$42.5M), New Brunswick (C$11.8M), and Alberta (C$3.69M).

Growth In November 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 November 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 (November 2023 - November 2024)C$-72.1M(-33.2%)
IMPORT GROWTH (November 2023 - November 2024)C$331M(43%)
MAIN EXPORTER (November 2024)QuebecC$59.3M

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.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $3.51B in 2023.

In 2018, 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 2023 to $6.42B in 2018.

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

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

Market Competitiveness

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

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

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

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

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 2023, Canada had a large net trade with Brazil in the exports of Chemical Products ($2.25B), Machines ($428M), and Transportation ($212M).

During 2018, Brazil had a large net trade with Canada in the exports of Precious Metals ($1.7B), Chemical Products ($1.32B), and Transportation ($799M).

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) (2023)

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