3rd quarter of 2023
Trade Balance (US$ Mi FOB)
Source: Ministry of Development, Industry and Foreign Trade – Brazil
5% increase in Brazilian exports to Canada
38% drop in imports by Brazil from Canada
Brazil’s trade balance with Canada was positive at US$1.49 billion
Trade flow (exports + imports) between Brazil and Canada fell by 17%.
3rd quarter of 2023
MONTHLY AVERAGE EXCHANGE RATE
Quarterly Exchange Rate Average
1 US$ to Reais
Quarterly Exchange Rate Average
1 CAD to Reais
The exchange rate between the U.S. dollar and the Real until the third quarter of 2023 is generally stable at levels lower than those practiced in 2022. When analyzing the performance of this indicator in the third quarter of this year, we see a slight appreciation of the US dollar against the Brazilian currency. The average rate for the month of July was BRL 4.80 per dollar, which is the lowest level in 2023. In the analysis of the exchange rate from Canadian dollars (CAD) to the Real, the values are maintained throughout 2023, and in the comparison between the first three quarters of 2022 and 2023, the current year presented in all months lower conversion rates from Canadian dollars to Real, averaging R$ 3.72/CAD.
3rd quarter of 2023
Share of Brazil-Canada trade x all countries
When comparing Canada’s share of purchases of Brazilian products with the rest of the world, it is seen that in the 3rd quarter of 2023 Canada contributed with 1.64% of the total result, a level slightly higher than that presented in the same period in 2022. Conversely, among all Brazilian imports in the quarter, the share of those coming from Canada fell from 2.1% to 1.5%.
3rd quarter of 2023
CLASSIFICATION OF CANADIAN-BRAZILIAN TRADED PRODUCTS
Classification of Canadian Exports to Brazil (% of value US$)
Classification of Canadian Imports from Brazil (% of value US$)
An increase in the sale of Brazilian manufactured products to Canada is noticed, from 45.1% in 2022 to 48.5% in 2023, being the most sold product category to Canadians. This increase is mainly due to increased exports of airplanes and other aerial vehicles, weighing more than 15,000 kg, and a rise in the export of heavy machinery, such as graders. The result also comes from a drop in the sale of semi-manufactured items, such as niobium, falling from 45.8% to 43.1%. The share of basic products in Brazilian exports to Canada fell slightly, from 9.1% to 8.5%.
As for imports of products from Canada to Brazil, the purchase of semi-manufactured products continues to be the most representative, even with the drop from 76.8% to 62% compared to the same period in 2022. On the other hand, Brazil has been importing more manufactured items in 2023, having increased its share from 20.3% to 33% this year, caused by the greater purchase of items from the aeronautical sector, the plastics industry, and the pharmaceutical industry.
CANADIAN EXPORTS
Basic Products
Semi-manufactured Products
Manufactured Products
CANADIAN IMPORTS
Basic Products
Semi-manufactured Products
Manufactured Products
Basic products: those that keep their characteristics close to the state in which they are found in nature, that is, with a low degree of elaboration.
Semi manufactured Products: Products that are not yet in their final form of use, either final or intermediate, as they must go through another production process to become a manufactured product.
Manufactured Products: Manufactured in large quantities, in standardized form and in series. Products that are already in their definitive form of manufactured use.
3rd quarter of 2023
PRODUCTS TRADED BETWEEN BRAZIL AND CANADA – BY NCM CODE*
* Mercosur Common Nomenclature
CANADIAN EXPORTS
CANADIAN IMPORTS
3rd quarter of 2023
CATEGORY ANALYSIS AND HIGHLIGHTS –
Canadian Imports from Brazil
Of the ten main chapters in the ranking of Canadian Imports from Brazil, the ones that stand out the most are products related to mining, such as minerals, precious or base metals (and articles thereof), with an important emphasis on manufactured products such as aircraft and various machinery. In addition, sugar and meat exports showed a relevant result at the end of September 2023.
Chapter 71 – “Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewellery; coin” remains 1st in the ranking of exports, with 29% of the total exported to Canada, and a decrease of 3% compared to the same period in 2022. The total of more than $1.18 billion is mainly due to three products, as follows.
Main products in the chapter, by NCM
- 1st in the overall ranking: ” Gold bullion, for non monetary uses” – total of US$ 1.08 billion exported until the quarter, represents 92% of the chapter and 26% of all that was exported to Canada in the period (+6% compared to the same period in 2022)
- 6th in the overall ranking: ” Gold, bars, yarn, profiles of solid cross-sec.gold bullion” – US$ 90.3 million exported, represents 8% of the chapter and 2% of the total exported to Canada in the period (-48%)
- 69th in the overall ranking: ” Other waste/scrap of other precious metal, etc.” – more than US$ 2.9 million exported until the quarter, a result 0.5% lower than in 2022.
The most common use of gold is for jewelry (rings, necklaces, watches, etc.), which accounts for nearly half of global demand. The remainder of the demand comprises investment use, as a hedge against the risks of inflation and market volatility, for gold-backed exchange-traded funds (ETFs) and, to a lesser extent, for technology applications, primarily as a component of microcircuits in a variety of electronic products. The recent scenario of global uncertainty, however, has led many people to seek the monetary safety of gold, stimulating the industries of extraction and transformation of raw gold into gold bars.
The trajectory of the gold price in 2023 showed growth and now returns to the level similar to that of the beginning of the year. The gram of gold started the year at $58.7 and reached the end of Q3 at $59.4.
It can also be seen that the Brazilian participation in this chain is focused on the export of raw gold, to be refined/industrialized outside the country. Mining is extremely relevant to the Canadian economy, and the country’s largest mining companies operate in Brazil. In this context, there is great emphasis on the chapters that comprise products of this industry in the international trade between the two countries, as highlighted below.
Chapter 28 – “Inorganic Chemicals; inorganic or organic compounds…” it also continues to occupy the 2nd place in the ranking, with 23% of all that was exported to Canada in the period. There was a 22% decrease compared to the same period in 2022, reaching more than $942 million. The total value of the chapter is mainly due to calcined alumina, as follows.
Main products in the chapter, by NCM:
- 2nd overall: Calcined alumina – total of US$ 901.5 million, representing 96% of the chapter and 22% of all exports to Canada at the end of the quarter (-22% compared to the same period in 2022)
- 19th overall: Other Silicons – total of $20.9 million (-27%)
- 23rd overall: Divanadium Pentoxide – $18 million total (+14%)
Brazil and Canada are major global players in aluminum production. Alumina is the process of refining raw bauxite, which is then turned into aluminum. Calcined alumina, or aluminum oxide, is used in industrial segments for the manufacture of ceramic fibers, refractories, automotive parts, abrasives for polishing and polishing lenses.
Chapter 88 – ” Aircraft, spacecraft, and parts thereof” continues to consolidate its recovery after the pandemic period, occupying the 3rd place in the ranking, reaching US$ 466.1 million at the end of September, which is 11.2% of all that Canada bought from Brazil. This value is practically conditional on two products, as follows.
- 3rd in the overall ranking: ” Oth.airplanes/aircraft,weight>15000kg,empty” – totaled US$ 456.8 million, represents 98% of the chapter and 11% of all that was exported to Canada at the end of September, with significant growth compared to the same period in 2022, since no exports of this product were recorded that year.
- 34th overall: Other parts of aeroplanes or helicopters – total of $8.1 million, and 2% of the chapter’s result.
Traditional industry in Brazil and Canada, countries where companies such as Embraer and Bombardier are located, respectively, aeronautical production has resumed commercial results from the pre-Covid-19 pandemic level. After the moment that greatly restricted the available trips and the aircraft production line, in 2023 the levels of trade of these products between the countries resumed, both in the flow from Brazil to Canada, and the reverse.
Chapter 17 – ” Sugars and sugar confectionery” rises to 4th in the ranking, with 9% of all that was exported to Canada at the end of September. With an increase of 10% compared to the same period in 2022, it reached US$ 392.4 million. The total value of the chapter is mainly due to the following products listed:
Main products in the chapter, by NCM
- 4th in the overall ranking: “Other cane sugar” – total of US$ 377.5 million, represents 96% of the total exported in the chapter and 9% of all that was exported to Canada at the end of the third quarter (+9% compared to the same period in 2022)
- 35th overall: ” Other cane/beet sugar/chemically pure sucrose, in solid” – total of US$ 8.1 million, up 52%
- 38th in the overall ranking: Chocolates, caramels, sweets, tablets, not containing cocoa – total of US$ 6.7 million, and 1.8% of the chapter’s result.
Each year, CCBC promotes a mission to SIAL Canada – the largest food innovation Tradeshow in North America and a privileged gateway to international markets. In addition, CCBC also organizes Business Roundtables focused on the sector, stay tuned for news and follow our calendar!
Chapter 72 – “Cast Iron, Iron and Steel”, ranks 5th in the ranking, with 5% of everything exported to Canada at the end of September, down 8% from the same period in 2022. The exported value totaled US$ 220.9 million, mainly due to three products, as follows.
Main products in the chapter, by NCM
- 5th in the overall ranking: ” Ot.semi-finis.prod.iron/steel, c<0.25%, rec.sq.cross-sec” – total of US$ 173.6 million, representing 79% of the chapter and 4% of all exports to Canada at the end of the third quarter (-8% compared to the same period in 2022)
- 21st in the overall ranking: ” Semi-manufactured products, of other alloy steel” – total of more than US$ 18.4 million (+1027% compared to the same period in 2022)
- 28th in the overall ranking: “Ferro-niobium” – total of more than US$ 14.8 million, representing 7% of the chapter and 0.36% of all that was exported to Canada (-26% compared to the same period in 2022)
Chapter 84 – “Nuclear reactors, boilers, machinery, mechanical apparatus and instruments, and parts thereof” is in the 6th position and represents 5% of the total exported to Canada, with more than USD 193.7 million exported, an increase of 46% compared to the end of September 2022. The total value exported in the chapter is distributed among several products, with some highlights below.
Main products in the chapter, by NCM
- 10th overall: “Other Levelers” – $62.9 million, with 32% of the chapter and 2% of all exports to Canada at the end of the third quarter (+284% compared to the same period in 2022)
- 11th overall: “Other front-loading loaders and wheel loaders” – accounted for 23% of the chapter, reaching $44.7 million (+104%)
- 16th overall: “Other crawler bulldozers and angledozers” – accounted for 13% of the chapter, totaling US$ 24.4 million (+2%)
Chapter 26 – “Ores, slag and ash” appears in 7th place in the ranking of exports to Canada, totaling US$ 136.9 million, an increase of 21% compared to the end of the third quarter of 2022, with 3% of all exports to Canada. There are two main categories in this chapter.
Main products in the chapter, by NCM
- 9th in the overall ranking: ” Bauxite not calcined (aluminium ores)” – totaled more than US$ 56.5 million, which represents 41% of the chapter and 1.4% of all that was exported to Canada at the end of September.
- 10th overall: ” Nickel ores and concentrates” – U$50.7 million (-1%).
Chapter 09 – “Coffee, tea, mate and spices” rises to 8th in the ranking of exports to Canada, totaling more than US$ 79.1 million, with 2% of all that was exported to Canada at the end of September (-24% compared to the same period in 2022). The total value of the chapter is mainly due to a single product, as follows.
Main product in the chapter, by NCM
- 7th in the overall ranking: ” Coffee, not roasted: -Not decaffeinated” – the commodity is the main category in the chapter and reached US$ 78.6 million, comprising practically the entire chapter and 2% of all that was exported to Canada at the end of September (-24% compared to the same period in 2022)
The promotion of Brazilian coffee exports to Canada is promoted by CCBC in trade missions and participation in industry trade shows. Stay tuned for news and follow our calendar!
Chapter 27 – “Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes” is in the 9th position and represents 2% of the total exported to Canada, with more than US$ 73.7 million exported, a decrease of 13% compared to the end of September 2022. The total amount exported in the chapter is distributed among the following highlights.
Main products in the chapter, by NCM
- 14th overall: “Kerosene oils for aviation” – US$ 27.3 million, with 37% of the chapter and 0.7% of all exports to Canada at the end of the third quarter (-7% compared to the same period in 2022)
- 15th in the overall ranking: ” Petroleum coke calcined” – accounted for 35% of the chapter, reaching US$ 25.6 million (-11%)
- 20th in the overall ranking: ” Petroleum coke not calcined” – totaling US$ 20.4 million (-18%)
Chapter 02 – “Meat and edible offal” showed a good result, rising to 10th place in the ranking, with a growth of 30%, reaching more than US$ 64.5 million exported and 2% of all exports to Canada.
The main items in the category were:
- 12th in the overall ranking: ” Fowls spec.gal.domest.cuts and offal, frozen” – US$ 41.7 million, which represents 65% of the chapter and 1% of all that was exported to Canada at the end of September (-0.2% compared to the same period in 2022)
- 27th in the overall ranking: ” Frozen bovine meat, boneless” – totaled more than US$ 15 million, which represents 23% of the chapter (+99% compared to the same period in 2022)
- 36th in the overall ranking: ” Other swine meat, frozen” – totaled US$ 7.7 million, which represents 12% of the chapter (+1804% than in the same period in 2022)
The result of chapter 02, an increase compared to 2022, reflects the opening of the Canadian market to the entry of Brazilian beef and pork, announced in March 2022. Respecting some sanitary requirements still imposed, Brazilian producers can now access one of the richest consumer markets in America.
SIAL Canada – the largest food innovation tradeshow in North America is a very suitable gateway for new products to enter Canada. In addition to promoting a mission for SIAL, CCBC also has manuals and market studies focused on this product and several others, contact us for more details!
3rd quarter of 2023
CATEGORY ANALYSIS AND HIGHLIGHTS –
Canadian Exports to Brazil
In the case of Canadian Exports to Brazil, of the ten main chapters in the ranking, the ones that stand out the most are those that comprise products from the chemical industries such as the production of fertilizers and pharmaceutical items. It was also seen with an important resumption of imports of aircraft, optical instruments, and industrial and agricultural machinery. Always present on the agenda between Brazil and Canada, imports of plastics and mining derivatives were also highlighted in 2023. The main highlights are presented below.
Chapter 31 – “Fertilizers” remains in 1st place in Brazilian imports from Canada, totaling USD 1.63 billion (-50% compared to the same period in 2022) and representing 61% of all that was imported from Canada by Brazil at the end of September. The total imported is mainly due to a single product, with a few more highlights, as shown below.
Main products in the chapter, by NCM
- 1st in the overall ranking: ” Potassium chloride – Other” – in addition to being the main category in the chapter, it led the overall ranking of imports with more than USD 1.55 billion (-50% compared to the end of the third quarter of 2022), and represented 95% of the entire chapter and 58% of all that was imported from Canada at the end of September 2023
- 2nd in the overall ranking: ” Potassium chloride, with a potassium oxide (K2O) content not exceeding 60% by weight” – totaled US$ 77.2 million (-54%), which represents 5% of the chapter and 3% of the total imported from Canada
- 63rd in the overall ranking: ” Animal or vegetable fertilizers, whether or not mixed together or chemically treated; …” – totaled US$ 3.4 million (+83%), and 0.1% of the total imported from Canada
Potassium chlorides are widely used as chemical fertilizers in agriculture, a very relevant activity for the Brazilian economy, which was considered essential to food production, and encouraged in times of Covid-19. Canada is one of the world’s leading fertilizer suppliers, with global giants such as Nutrien. We also cannot fail to mention that the conflict in Eastern Europe since 2022 affects this market, as the demand for fertilizers from countries other than Russia has become high. The current drop results reflect the atypical increase that occurred last year.
On a visit to Canada in March 2022, the then Minister of Agriculture, Livestock and Supply, Tereza Cristina Dias, spoke with local suppliers of potash-based fertilizer in search of alternative suppliers to the Russians. The trade results in 2022, demonstrated in the past editions of CCBC’s QTF, already show that Canadian fertilizers were widely imported by Brazil that year after the Brazilian government representation, and continue to consolidate in 2023.
Chapter 84 – “Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof” follows in 2nd place, totaling USD 261.3 million (-4% compared to the end of September 2022), and representing 10% of all that was imported from Canada at the end of the third quarter. This value is distributed among several items, with some highlights below.
Main products in the chapter, by NCM
- 5th in the overall ranking: “Turbo-jets of a thrust > 25kn” – more than US$ 43 million imported (+125%). It represents 16% of the chapter and 2% of all that was imported from Canada.
- 7th in the overall ranking: ” Parts of turbo-jets or of turbo-propellers” – US$ 35.5 million imported (-4% compared to the end of September 2022). It represents 14% of the chapter and 1.3% of all that was imported from Canada in the period. These turbojets are used in aircraft.
- 13th in the overall ranking: ” Other machinery for threshing” – US$ 18.6 million imported (+27% compared to 2022). It represents 7% of the chapter and another 0.7% of all that was imported from Canada in the quarter.
There are still many codes within this chapter that are included in the list of imports, with lower values. These machines vary in their applications, serving, for example, the aeronautical sector, engines for power generation, equipment for agriculture and civil construction, etc. Canadian technologies in the machinery and equipment sector are valued and recognized internationally and this is reflected in the category’s import agenda. Canada has great recognition and history of relations with Brazil, from the expressive volume of trade to the investments of Canadian companies settling in the country.
Chapter 39 – “Plastics and articles thereof” also remained unchanged, appearing in 3rd place, and reaching US$ 105.3 million, a decrease of 24% compared to the end of the third quarter of 2022, and representing 4% of the total imported from Canada in 2023. There are three main items in the chapter, with the rest of the amount distributed among several other items.
Main products in the chapter, by NCM
- 8th in the overall ranking: Copolymers of ethylene and alpha-olefin, density of less than 0.94– US$ 33.2 million imported (-43% compared to the end of the third quarter of 2022). It represents 32% of the chapter and 1.2% of all that was imported from Canada at the end of the third quarter of 2023.
- 10th in the overall ranking: Polyethylene with a density of less than 0.94, unfilled – with US$ 22.5 million imported (+4% than in 2022). It represents 21% of the chapter and 0.8% of all that was imported from Canada.
- 14th in the overall ranking: Oth.polyeth.not c/fillers, density>=0.94, primary forms – totaled more than US$ more than 18.5 million imported in 2023 (+39%). It represents 18% of the chapter and 0.7% of all that was imported from Canada.
These products are used in the constitution of different types of materials for the manufacture of various segments. With the advance of food delivery and e-commerce, in addition to the greater use of disposable hospital supplies such as masks and gloves, the consumption of plastics took off during the coronavirus pandemic and Canada was one of the major suppliers. The plastics industry in Canada is quite strong, with more than 2,600 companies, 82,000 employees, and generating revenue of more than $24 billion for the country, according to the Canadian Plastics Industry Association.
Chapter 88 – “Aircraft, spacecraft, and parts thereof” continues to return to the pre-pandemic level, reaching 4th place in imports at the end of the third quarter of 2023. It totaled more than US$ 100 million, down 34% compared to 2022, and representing 4% of all Brazilian imports from Canada at the end of September. The total amount is distributed among three items, highlighted below.
Main products in the chapter, by NCM:
- 3rd in the overall ranking: ” Oth.airplanes/aircraft,weight>15000kg,empty” – totaled US$ 58.2 million imported (-44% than in the same period in 2022). It represents 58% of the chapter and 2% of all that was imported from Canada at the end of September.
- 11th in the overall ranking: ” Helicopters of weight<=2000kg, empty” – with US$ 21.7 million imported (-6% compared to the same period in 2022). It represents 22% of the chapter and 1% of everything that was imported from Canada.
- 22nd in the overall ranking: ” Under-carriages and parts thereof f/aircraft,etc.” – totaled more than US$ 11 million imported (+107%). It represents another 11% of the chapter and 0.4% of all that was imported from Canada.
As previously mentioned, Canada has a strong aerospace industry and some of the companies already have representation and operation in Brazil, such as Bombardier and Bell Helicopter. It is verified that the movement to resume aircraft production impacted Brazil and Canada practically simultaneously, with the beginning of 2023 representing a return to the strong business relationship between these countries in the aeronautical sector.
Chapter 30 – “Pharmaceutical products” rises to 5th place in the ranking, up 88% from the same period in 2022, now reaching $77.1 million. The chapter represents 3% of all that was imported by Brazil from Canada, with the participation of three items, highlighted below.
Main products in the chapter, by NCM
- 6th in the overall ranking: ” Ot.medicaments c/comp.heterocyc.heteroat.nitr.in doses” – totaled US$ 40.9 million (+101%). It represents 53% of the chapter and 2% of all that was imported from Canada by Brazil.
- 18th in the overall ranking: ” Medicament c/compounds heterocyclic, etc.in doses” – totaled US$ 14.8 million at the end of September (+38% compared to the same period in 2022). It represents 19% of the chapter and 0.6% of all that was imported from Canada by Brazil in the period.
- 32nd in the overall ranking: ” Immunological products, unmixed, not in measured doses or put up for retail sale” – totaled US$ 5.8 million imported. It represents another 8% of the chapter and 0.2% of all that was imported from Canada.
Exchange rates are one of the main factors that affect imports of pharmaceutical products, and there is a movement by the Brazilian pharmaceutical industry with the national legislature to facilitate the import of pharmaceutical inputs, with a bill for this purpose currently in progress in the Federal Senate.
Chapter 90 – “ Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof” is in 6th place in the ranking, reaching US$ 68.2 million imported, an increase of 50% compared to the end of the third quarter of 2022), and representing 3% of all that was imported from Canada by Brazil at the end of September. The total amount is divided among several items, highlighted below.
- 15th in the overall ranking: ” Other optical instruments and apparatus” – totaled US$ 17.7 million imported (+144% compared to the same period in 2022). It represents 26% of the chapter and 1% of all that was imported from Canada by Brazil at the end of September.
- 27th overall: ” Other autom.electronic controllers f/motor vehicles” – totaled $7.3 million in 2023 (+18%). It represents 18% of the chapter and 0.3% of all that was imported from Canada by Brazil.
- 40th in the overall ranking: ” Parts of electro-diagnostic apparatus” – totaled US$ 5.2 million (+429%), representing another 8% of the chapter and 0.2% of all that was imported from Canada by Brazil.
The medical equipment sector is strong in Canada and many Canadian companies in this sector are exploring opportunities to reach the Brazilian market.
Chapter 27 – “ Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes” appears in 7th place, reaching US$ 62.9 million, a growth of 60% compared to the end of the third quarter of 2022, and representing 2.4% of the total imported from Canada in 2023. There are two main items in the chapter.
Main products in the chapter, by NCM
- 4th in the overall ranking: Bituminous coal, non-agglomerated – US$ 56.1 million imported (+123.3% compared to the end of the third quarter of 2022). It represents 89% of the chapter and 2% of all that was imported from Canada at the end of the third quarter of 2023.
- 46th in the overall ranking: Coques com granulometria inferior a 80 mm– with US$ 4.6 million imported (-60% than in 2022). It represents 7% of the chapter and 0.2% of all that was imported from Canada.
Chapter 85 – ” Electrical machinery and equipment and parts thereof; sound recorders and reproducers, …” appears in 8th place in the ranking. In total, US$ 61.2 million were imported in items from this chapter, a growth of 26% compared to the same period in 2022, representing 2% of everything imported from Canada by Brazil at the end of September. The total amount is the sum of the following highlights.
Main products in the chapter, by NCM
- 29th in the overall ranking: ” Radio navigational apparatus” – totaled US$ 6.7 million in imports (-1%). It represents 11% of the chapter and 0.3% of all that was imported from Canada.
- 36th in the overall ranking: ” boards,etc.with elect.circuit switches appar.t<=1kv” – totaled US$ 5.6 million imported (+109% compared to the end of the third quarter of 2022). It represents 9% of the chapter and 0.2% of all that was imported from Canada at the end of September.
Chapter 75 – “Nickel and articles thereof” appears in 9th place in the ranking. In total, US$ 30.5 million were imported in items from this chapter, a growth of 36% compared to the same period in 2022, representing 1% of everything that was imported from Canada by Brazil at the end of September. The total amount is the sum of the following.
Main products in the chapter, by NCM
- 9th in the overall ranking: ” Powders and flakes, of nickel not alloyed” – totaled US$ 23.1 million in imports (+76%). It represents 76% of the chapter and another 0.9% of all that was imported from Canada.
- 47th in the overall ranking: ” Cathodes of nickel not alloyed, unwrought” – totaled US$ 4.6 million imported (-12% compared to the end of the third quarter of 2022). It represents 15% of the chapter and 0.2% of all that was imported from Canada at the end of September.
Chapter 76 – “Aluminium and articles thereof” appears in 10th place, reaching US$ 30.3 million, an increase of 309% compared to the end of the third quarter of 2022, and representing 1% of the total imported from Canada in 2023. There are two main items in the chapter.
Main products in the chapter, by NCM
- 16th in the overall ranking: Oth.plates and strips, of alluminium alloys, th>0.2mm – US$ 16.2 million imported (+798% compared to the end of the third quarter of 2022). It represents 54% of the chapter and 0.6% of all that was imported from Canada at the end of the third quarter of 2023.
- 20th in the overall ranking: Aluminium waste and scrap – with US$ 12.8 million imported (+182% than in 2022). It represents 42% of the chapter and 0.5% of all that was imported from Canada.