Brazilian exports to Canada reached a historic high in 2026, with data from January to September showing a 12.1% increase in Brazilian shipments to US$5.69 billion. Over the same period, Canadian exports to Brazil rose 14.9% to US$2.7 billion, signaling stronger trade ties between the two countries.

Bilateral trade between Brazil and Canada totaled US$8.41 billion in the first nine months of 2026, up 13% from the same period last year. Brazilian imports of Canadian products reached US$2.72 billion, leaving Brazil with a trade surplus of US$2.97 billion in bilateral trade.

The figures come from Quick Trade Facts (QTF), a quarterly report published by the Brazil-Canada Chamber of Commerce (CCBC). According to the report, trade between the two countries continued to expand, with Brazilian exports exceeding the previous record set in 2025 by US$614 million, confirming the upward trend. Over two years, Brazilian sales to the Canadian market have grown by approximately 28%.

“Trade performance between Brazil and Canada highlights the importance of the bilateral partnership amid international uncertainty. While demand for gold is driving Brazilian exports, increased purchases of fertilizers and other Canadian products demonstrate the complementarity between the two economies and the opportunities to deepen this relationship,” said Hilton Nascimento, CEO of the CCBC.

Gold, Beef, and Other Commodities Drive Brazilian Exports

The latest CCBC study also shows that unwrought gold remained the leading Brazilian export to Canada. Shipments of gold bullion totaled US$3.06 billion through September, up 47% from 2025. The commodity accounted for 53.8% of Brazil’s total exports to Canada, compared with 41.1% a year earlier, amid economic and geopolitical uncertainty and increased demand for assets considered safe havens.

Growth in exports of beef, front-end loaders, and aviation fuel also contributed to the overall performance. Frozen boneless beef recorded the strongest increase among the main export categories, surging 828% from the same period in 2025 to US$76.5 million. The figure is particularly significant because Brazilian beef sales to China, a major buyer, declined in 2026. Canada was among the countries that significantly increased purchases, helping partially offset weaker Chinese demand.

This performance contrasts with declines in products traditionally important to bilateral trade. Exports of calcined alumina fell 28% to US$858.8 million, while cane sugar shipments declined 25% to US$251.5 million. Green coffee exports dropped 20% to US$172.8 million.

Despite these declines, growth in fuel exports and other industrial products gained prominence in the report. Exports of front-end loaders rose 80% to US$55.8 million, while aviation fuel shipments increased 83% to US$39.4 million. The results were also supported by higher exports of industrial equipment, including turbojet parts and machining centers.

Fertilizers Lead Brazilian Imports

Among Brazilian imports from Canada, fertilizers remained the leading category. Purchases of potassium chloride totaled US$1.41 billion through September, up 14.5% from the same period in 2025. The product accounted for 51.9% of Brazil’s total import value from the Canadian market.

According to the CCBC analysis, continued disruptions in global fertilizer supply chains could benefit suppliers with substantial production capacity and lower dependence on external inputs, such as Canada. In addition to fertilizers, Brazil increased imports of turbojets, helicopters, pharmaceuticals, bituminous coal, and agricultural machinery, reflecting the importance of industrial, chemical, and aerospace products in the import mix.

Imports of turbojets with thrust exceeding 25 kN rose 61.4% to US$195.4 million, while purchases of helicopters weighing up to 2,000 kg increased 83% to US$68.3 million. In the pharmaceutical sector, imports in one of the main drug categories rose 35.7% to US$63 million.

Foreign exchange movements may also contribute to the increase in Brazilian purchases. The appreciation of the real against the US and Canadian dollars throughout 2026 has increased Brazilian purchasing power and tends to make imported products more competitive in the domestic market.