Why does gold weigh so heavily here?

The US$ 2.45 billion in gold is more than half of Brazilian exports to the country and alone explains the US$ 2.27 billion surplus. It is a volatile, high value-per-tonne line: without it, the bilateral relationship would be close to balanced.

Brazil × Canada January–October 2026 — Foreign trade

Canada

What Brazil sold to and bought from Canada in January–October 2026: exports, imports, trade balance and the most traded HS4 chapters.

Brazil ran a US$ 2.27 billion trade surplus with Canada in January–July 2026, exporting US$ 4.35 billion against US$ 2.09 billion in imports. Brazil sells about 2.1 times what it buys.

The basket is atypical by Brazilian standards: unwrought gold alone accounts for US$ 2.45 billion of exports — 56% of the total — followed by aluminium oxide (US$ 667.1 million) and sugar. On the import side, potassic fertilisers lead at US$ 1.17 billion. Browse the SH4 chapters below to drill into a specific commodity.

In trade with Canada, Brazil closed January–October 2026 with a surplus of US$ 3.32B.

Brazil sold US$ 6.36B and bought US$ 3.05B, across 823 SH4 headings with data.

Exports BR → Canada

US$ 6.36B

Imports Canada → BR

US$ 3.05B

BR trade balance

US$ 3.32B

surplus · 823 headings with data

Top exports Brazil → Canada


1	7108	Gold (including gold plated with platinum), unwrought or in semi-manufactured forms, or in powder form	3,428,728,148	29.94	114,508.504
2	2818	Artificial corundum, whether or not chemically defined; aluminium oxide; aluminium hydroxide	953,144,088	2,889,255.94	0.330
3	1701	Cane or beet sugar and chemically pure sucrose, in solid form	319,014,318	895,331.77	0.356
4	0901	Coffee, whether or not roasted or decaffeinated; coffee husks and skins; coffee substitutes containing coffee in any proportion	209,052,118	31,678.27	6.599
5	8802	Other aircraft (for example, helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles	132,189,547	134.74	981.042
6	8429	Self-propelled bulldozers, angledozers, graders, levellers, scrapers, mechanical shovels, excavators, shovel loaders, tamping machines and road rollers	112,547,333	11,962.35	9.408
7	0202	Meat of bovine animals, frozen	88,666,911	15,185.31	5.839
8	2606	Aluminum ores and concentrates	55,732,206	1,692,381.98	0.033
9	2604	Nickel ores and concentrates	49,267,756	23,387.72	2.107
10	2713	Petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals	47,863,785	86,776.07	0.552
11	2710	Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic con	43,956,946	38,737.28	1.135
12	2101	Extracts, essences and concentrates, of coffee, tea or maté and preparations with a basis of these products or with a basis of coffee, tea or maté; roasted chicory and other roasted coffee substitutes, and extracts, essences and concentrates thereof	42,472,223	3,461.39	12.270
13	8504	Electrical transformers, static converters (for example, rectifiers) and inductors	42,366,435	1,512.18	28.017
14	8501	Electric motors and generators (excluding generating sets)	39,673,665	7,046.64	5.630
15	8411	Turbo-jets, turbo-propellers and other gas turbines	34,065,067	5.02	6,789.928
16	4703	Chemical wood pulp, soda or sulphate, other than dissolving grades	33,162,771	72,955.5	0.455
17	7202	Ferro-alloys	29,458,421	9,967.36	2.955
18	0207	Meat and edible offal, of the poultry of heading No 0105, fresh, chilled or frozen	26,224,689	10,342.62	2.536
19	2507	Kaolin and other kaolinic clays, including calcined	25,861,404	199,974.9	0.129
20	0511	Animal products not elsewhere specified or included; dead animals of Chapter 1 or 3, unfit for human consumption	22,401,001	3,951.76	5.669

Top imports Canada → Brazil


1	3104	Mineral or chemical fertilisers, potassic	1,584,357,171	4,601,999.99	0.344
2	8411	Turbo-jets, turbo-propellers and other gas turbines	298,210,061	153.13	1,947.443
3	8802	Other aircraft (for example, helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles	207,775,849	93.05	2,232.852
4	3004	Medicaments (excluding goods of heading 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings	111,964,728	44.26	2,529.762
5	2701	Coal; briquettes, ovoids and similar solid fuels manufactured from coal	59,240,187	382,715.16	0.155
6	3901	Polymers of ethylene, in primary forms	57,608,212	45,543.17	1.265
7	2503	Sulfur of all kinds	51,949,009	70,552.89	0.736
8	8807	Parts of apparatus of heading 88.01, 88.02 or 88.06	34,483,285	36.06	956.196
9	8436	Other agricultural, horticultural, forestry, poultry-keeping or bee-keeping machinery, including germination plant fitted with mechanical or thermal equipment; poultry incubators and brooders	29,516,636	2,251.98	13.107
10	1001	Wheat and meslin	26,217,114	90,873.04	0.289
11	7202	Ferro-alloys	23,397,699	919.79	25.438
12	8430	Other moving, grading, levelling, scraping, excavating, tamping, compacting, extracting or boring machinery, for earth, minerals or ores; piledrivers and pile-extractors; snowploughs and snow-blowers	22,342,841	481.73	46.381
13	8431	Parts suitable for use solely or principally with the machinery of headings 8425 to 8430	19,184,162	1,290.65	14.864
14	8421	Centrifuges, including centrifugal dryers; filtering or purifying machinery and apparatus, for liquids or gases	16,568,074	323.02	51.291
15	8525	Transmission apparatus for radio-telephony, radio-telegraphy, radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras; still image video cameras and other video cam	14,786,506	1.69	8,744.238
16	8480	Moulding boxes for metal foundry; mould bases; moulding patterns; moulds for metal (other than ingot moulds), metal carbides, glass, mineral materials, rubber or plastics	12,957,640	59.04	219.465
17	0713	Dried leguminous vegetables, shelled, whether or not skinned or split	12,318,308	18,133.85	0.679
18	1805	Cocoa (powder), without added sugar or other sweeteners	11,922,558	1,716.00	6.948
19	3822	Composite diagnostic/lab reagents, except pharmaceutical preparations of heading 3002 or 3006	11,408,433	76.46	149.204
20	9027	Instruments and apparatus for physical or chemical analysis (for example, polarimeters, refractometers, spectrometers, gas or smoke analysis apparatus); instruments and apparatus for measuring or checking viscosity, porosity, expansion, surface tension or	10,513,703	16.64	631.871

Frequently asked questions

How large is the Brazil–Canada trade balance in January–July 2026?

Brazil holds a US$ 2.27 billion surplus: US$ 4.35 billion exported against US$ 2.09 billion imported. Exports run at 2.1 times imports, and the gap exceeds everything Brazil bought from the country in the window.

What does Brazil export most to Canada?

Unwrought gold leads at US$ 2.45 billion, alone 56% of the basket. Artificial corundum and aluminium oxide follow (US$ 667.1 million), then cane sugar (US$ 161.9 million) and coffee (US$ 130.6 million). It is the most single-line concentrated basket among large partners.

What does Brazil import from Canada?

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