Quick Trade Facts – 4th quarter of 2023 | Câmara de Comércio Brasil-Canadá

Trade Balance

Monthly Average Exchange Rate

Share of Brazil-Canada trade x all countries

Classification of Canadian-Brazilian Traded Products

Products traded between Brazil and Canada

Analysis and Highlights - Canadian Exports to Brazi

Analysis and Highlights - Canadian Imports from Brazil

4th quarter of 2023

Trade Balance (US$ Mi FOB)

Source: Ministry of Development, Industry and Foreign Trade – Brazil

7% increase in Canadian imports from Brazil

34% drop in Canada exports to Brazil

Canada’s trade balance with Brazil was negative at US$2.38 billion

Total Trade (exports + imports) between Brazil and Canada fell by 13%.

4th 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 fourth quarter of 2023 shows a pattern of appreciation of the Brazilian currency compared to 2022, when the U.S. dollar cost an average of R$5.16. In 2023, the average measured was R$ 4.99, remaining below R$ 5.00 since May. In the analysis of the exchange rate from Canadian dollars (CAD) to the Real, there is stability in values throughout 2023, with the value of the conversion remaining during all months of 2023 at levels below that in 2022, consolidating the appreciation of the Brazilian currency. The year 2023 had an average conversion of R$ 3.70 to CAD.

4th quarter of 2023

Share of Brazil-Canada trade x all countries

When comparing all Brazilian products sold to the world, it is seen that in 2023 Canada contributed with 1.70% of the total result, a level higher than that presented in 2022. Conversely, among all products that Brazil imported in 2023, the share of those coming from Canada fell from 1.9% to 1.4%.

4th 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$)

As for exports of products from Canada to Brazil, the purchase of semi-manufactured products continues to be the most representative, even with the drop from 72.9% to 58.9% 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 23.3% to 34.6% in the year, caused by the greater purchase of items from the aeronautical sector, the plastics industry, and pharmaceuticals.

An increase in the sale of Brazilian manufactured products to Canada is envisaged, from 44.4% in 2022 to 48.3% 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 46.2% to 43.8%. The share of basic products in Brazilian exports to Canada fell slightly, from 9.4% to 7.9%.

CANADIAN EXPORTS

Basic Products

# class	# general	NCM Code	NCM Description	Jan-Dec 2023 - Value FOB (US$)
1	2	27011200	Bituminous coal, not agglomerated	109,030,443
2	9	10019900	Other mixtures of wheat and rye, except for sowing	30,483,683
3	19	7134090	Other dried lentils, in grain	17,509,679
4	21	76020000	Aluminium waste and scrap	15,302,191
5	27	7131090	Other dried peas (pisum sativum) in grain, for sowing	9,813,673
6	30	25030010	Sulphur in bulk, exc.sublimed, precipitated or colloidal	8,671,700
7	42	5111000	Bovine semen	6,658,494
8	50	12075090	Other mustard seeds, whether or not broken	5,777,741
9	62	27040012	Coques com granulometria inferior a 80 mm	4,665,278
10	67	31010000	Fertilisers obtained animal/vegetable, etc	4,108,910
11	164	3072200	Vieiras (Scallops), including the North American one, and other mollusks of the genres Pecten, Chlamys or Placopecten, frozen	1,189,674
12	165	4071100	Fresh eggs of birds ot the species g.domesticus,hatch.	1,180,322
13	177	26040000	Nickel ores and concentrates	1,081,809
14	235	4071900	Fresh eggs of other birds, for hatching	671
15	239	10083090	Canary seed, except for sowing	660
16	292	44013100	Wood pellets	519
17	323	71129200	Other waste/scrap of platinum/metal clad or plated	435
18	333	12122900	Other algae, fresh, chilled, frozen or dried	418
19	405	1051110	Fowls spec.gallus domestic.w<=185g pure-bred breeding	274
20	450	27030000	Peat, (including peat litter)whether or not agglomerated	213
21	458	3031200	Other pacific salmon, frozen	203
22	489	25292200	Fluorspar containing weight>97% of fluoride of calcium	182
23	513	2023000	Frozen bovine meat, boneless	156
24	523	2091011	Bacon pork, fresh, chilled or frozen	150
25	644	73181900	Other threaded articles, of cast iron, iron or steel	99
26	649	23080000	Vegetable materials and other vegetable waste	96
27	651	71129900	Other waste/scrap of other precious metal, etc.	94
28	701	1031000	Pure-bred breedig swines	77
29	717	7133399	Other dried kidney beans, in grain	73
30	722	25293000	Leucite, nepheline and nepheline syenite	71

Semi-manufactured Products

# class	# general	NCM Code	NCM Description	Jan-Dec 2023 - Value FOB (US$)
1	1	31042090	Other potassium chloride	1,859,253,131
2	3	31042010	Potassium chloride, containing potassium oxide(k2o)<=60%	98,627,855
3	26	18050000	Cocoa (powder), without added sugar or other sweeteners	9,893,433
4	39	75021010	Cathodes of nickel not alloyed, unwrought	6,962,972
5	52	81052010	Unwrought cobalt	5,721,043
6	66	72029300	Ferro-niobium	4,147,970
7	92	72022100	Ferro-silico containing by weight>55% of silicon	2,592,331
8	144	75021090	Other unwrought of nickel, not alloyed	1,380,226
9	182	40023100	Isobutene-isoprene (butyl) rubber, in foils, etc.	1,061,197
10	188	13021999	Other juices and vegetable extracts	1,010,193
11	210	72052100	Powders of alloy steel	822
12	234	72022900	Other ferro-silico alloys	682
13	289	72029100	Ferro-titanium and ferro-silico-titanium	527
14	330	40023900	Isobutene-isoprene rubber halogenated, in foils, etc	425
15	347	15151100	Linseed oil, in crude	394
16	439	72052990	Other powders of pig iron, spiegeleisen, iron or steel	223
17	508	81082000	Unwrought titanium and in powders	162
18	604	15159090	Other fixed vegetable fats and oils, refined or not	114
19	642	11031900	Groats and meal of other cereals	100
20	655	8119000	Oth.fruits froz/uncook/cooked b/steaming/boil.in wat.	92
21	782	47069100	Mechanical pulps of other fibrous cellulosic material	54
22	855	13023910	Mucilages products, thickeners, of carrageenan	43
23	857	44079100	Oak wood, sawn/cut in sheets, etc.thick.>6mm	43
24	931	76012000	Aluminium alloys, unwrought	35
25	932	47062000	Fibres pulps deriv.from recov.(waste/scrap)pap./paperbo	34
26	980	40027000	Ethylene-propylene-non-conjugat.diene rubber, in foils,	28
27	991	72051000	Granules of pig iron, spiegeleisen, iron or steel	27
28	1037	15042000	Fats and oils and their fractions, of fish	23
29	1223	71081290	Gold other unwrought forms, f/n/monetary uses	12
30	1257	44081099	Sheets for veneering, etc.of other coniferous wood	11

Manufactured Products

# class	# general	NCM Code	NCM Description	Jan-Dec 2023 - Value FOB (US$)
1	4	88024090	Oth.airplanes/aircraft,weight>15000kg,empty	90,900,406
2	5	84111200	Turbo-jets of a thrust > 25kn	63,301,900
3	6	84119100	Parts of turbo-jets or of turbo-propellers	54,534,747
4	7	30049069	Ot.medicaments c/comp.heterocyc.heteroat.nitr.in doses	45,177,386
5	8	39014000	Copolymers of ethylene and alpha-olefin, density of less than 0.94	40,519,682
6	10	88021100	Helicopters of weight<=2000kg,empty	29,950,588
7	11	75040010	Powders and flakes, of nickel not alloyed	28,418,242
8	12	39011030	Polyethylene with a density of less than 0.94, unfilled	27,973,870
9	13	39012029	Oth.polyeth.not c/fillers, density>=0.94, primary forms	23,331,608
10	14	30049079	Medicament c/compounds heterocyclic, etc.in doses	21,765,641
11	15	84335990	Other machinery for threshing	18,735,476
12	16	76069200	Oth.plates and strips, of alluminium alloys, th>0.2mm	18,361,519
13	17	90314990	Other optical instruments and apparatus	18,350,388
14	18	84368000	Other machinery for agricultural, horticultural, etc.	17,575,705
15	20	88021210	Helicopters 2000kg	17,216,230
16	22	23099090	Other preparations for animal feeding	14,743,872
17	23	88072000	Under-carriages and parts thereof f/aircraft,etc.	14,705,655
18	24	87019510	Tractors specially designed to drag logs (log skidders), with engines of more than 130 Kw	12,001,890
19	25	90328929	Other autom.electronic controllers f/motor vehicles	10,328,606
20	28	28291100	Sodium chlorates	9,412,525
21	29	84825010	Cylindrical roller bearings, radial	8,988,031
22	31	39021020	Polypropylene not containing fillers, in primary forms	8,361,380
23	32	85269100	Radio navigational apparatus	8,243,957
24	33	68052000	Natur/artific.abrasive powder/grain, base paperboard	7,979,928
25	34	84818099	Taps and other appliances for pipes, etc	7,972,451
26	35	85371090	Oth.boards,etc.with elect.circuit switches appar.t<=1kv	7,813,564
27	36	84314929	Other parts of levelling machinery, etc	7,307,409
28	37	88073000	Other parts of aeroplanes or helicopters	7,150,736
29	38	48010030	Other newsprint paper, in rolls or sheets, of weight less than or equal to 57 g/m2, wherein 65% or more, by weight, of the total fiber content consists of wood fibers obtained by mechanical process	7,083,455
30	40	84118200	Other gas turbines, of potency > 5000kw	6,850,000

CANADIAN IMPORTS

Basic Products

# class	# general	NCM Code	NCM Description	Jan-Dec 2023 - Value FOB (US$)
1	6	9011110	Coffee not roasted or decaffeinated, in grain	110,575,144
2	9	26060011	Bauxite not calcined (aluminium ores)	69,152,501
3	11	26040000	Nickel ores and concentrates	50,729,631
4	12	2071400	Fowls spec.gal.domest.cuts and offal, frozen	50,616,090
5	18	2023000	Frozen bovine meat, boneless	24,998,933
6	20	26030090	Other ores and concentrates	23,906,297
7	26	25070010	Kaolin	20,288,942
8	27	5119999	Other products ofanimal origin, inappropriate for human consumption	19,388,748
9	30	2032900	Other swine meat, frozen	15,185,583
10	34	8045020	Fresh/dried mangoes	11,868,369
11	38	24012030	Unman.tobac.partly/wholly stem./strip.leav.dr., etc.vir	8,761,525
12	43	26180000	Granulated slag from the manufacture of iron and steel	6,541,397
13	44	8013200	Fresh/dried, cashew nuts, shelled	6,528,814
14	50	4090000	Natural honey	5,497,116
15	73	8061000	Fresh grapes	3,445,278
16	76	71129900	Other waste/scrap of other precious metal, etc.	3,067,946
17	77	8071900	Fresh melons	3,000,993
18	98	8055000	Fresh/dried lemons and sweet oranges	2,041,811
19	108	8109012	Anonyas and others fruits of genero Annona	1,717,940
20	114	10063011	Semi-milled/wholly milled rice, etc.parboiled/polished	1,467,866
21	119	8042010	Fresh figs	1,378,941
22	134	23080000	Vegetable materials and other vegetable waste	1,161,888
23	135	74040000	Copper waste and scrap	1,115,029
24	137	4109000	Other edible products of animal origin	1,103,088
25	149	3038990	Other frozen fish, except filets, other meats, etc	948,962
26	155	8071100	Fresh watermelons	870,799
27	161	3038932	Snapper (lutjanus purpureus), frozen	799,709
28	193	25291000	Felspar	596,148
29	194	8072000	Fresh papaws (papayas)	588,711
30	195	23040010	Flours and pellets, from the extraction of soya-bean oil	586,069

Semi-manufactured Products

# class	# general	NCM Code	NCM Description	Jan-Dec 2023 - Value FOB (US$)
1	1	71081210	Gold bullion, for non monetary uses	1,501,493,439
2	4	17011400	Other cane sugar	626,504,193
3	5	72071200	Ot.semi-finis.prod.iron/steel, c<0.25%, rec.sq.cross-sec	217,351,536
4	8	71081310	Gold, bars, yarn, profiles of solid cross-sec.gold bullion	103,762,517
5	22	72249000	Semi-manufactured products, of other alloy steel	22,152,215
6	28	72029300	Ferro-niobium	17,668,405
7	51	72022100	Ferro-silico containing by weight>55% of silicon	5,408,554
8	52	18040000	Butter, fat and oil, from cocoa	5,370,285
9	61	72011000	Non-alloy pig iron cont.by weight<=0.5%phosphorus	4,302,112
10	64	47032900	Chemical wood pulp of n/conif., soda/sulphate, semi/bleac	4,100,015
11	71	27060000	Tar distilled from coal, from lignite or from peat, etc	3,494,517
12	84	80011000	Tin not alloyed, unwrought	2,675,500
13	94	41071220	Oth.whole leathers/skins of bovines, prepared, etc.	2,199,916
14	113	18050000	Cocoa (powder), without added sugar or other sweeteners	1,468,263
15	124	44071100	Wood sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6 mm, of pine (Pinus spp.)	1,275,190
16	131	41079210	Leathers/skins, bovines, prepared, grain splits	1,188,475
17	136	40021919	Styrene-butadiene rubber, in other primary forms	1,112,078
18	190	44072920	Ipe wood, sawn/cut in sheets etc.thick.>6mm	635
19	209	41141000	Leathers/skins chamois (incl.combination chamois)	496
20	241	15081000	Ground-nut oil, in crude	364
21	251	72022900	Other ferro-silico alloys	321
22	260	72189900	Oth.semi-manufactured prod., of stainless steel	297
23	272	43021990	Tanned/dressed furskins of ot.animals, whole, unassembled	281
24	273	71069220	Silver in plates, sheets and strip	278
25	283	44079990	Other wood, sawn/cut in sheets, etc, thick.>6mm	256
26	313	44072990	Other tropical wood, sawn/cut in sheets etc.thick.>6mm	207
27	314	72051000	Granules of pig iron, spiegeleisen, iron or steel	206
28	326	13021999	Other juices and vegetable extracts	190
29	330	72072000	Semi-finished prod.iron/steel, non-alloy, carbon>=0.25%	188
30	331	15211000	Vegetable waxes	187

Manufactured Products

# class	# general	NCM Code	NCM Description	Jan-Dec 2023 - Value FOB (US$)
1	2	28182010	Calcined alumina	1,224,061,648
2	3	88024090	Oth.airplanes/aircraft,weight>15000kg,empty	702,342,415
3	7	84292090	Other graders and levellers	104,118,731
4	10	84295199	Oth.loaders/shovel loaders, of front-end shovel loaders	56,429,416
5	13	73042931	Pipes of alloy steel, seam.f/coated of well, etc, d<=229mm	40,832,560
6	14	27101911	Kerosene oils for aviation	35,649,883
7	15	84291190	Other bulldozers and angledozers, of a flywheel	32,617,700
8	16	27131200	Petroleum coke calcined	30,807,974
9	17	87041090	Oth.dumpers f/the transp.of goods,f/off-highway use	29,155,330
10	19	28046900	Other silicons	24,811,612
11	21	27131100	Petroleum coke not calcined	23,338,921
12	23	28253010	Divanadium pentoxide	21,011,733
13	24	29419083	Virginiamycins and their salts	20,794,048
14	25	21011110	Soluble coffee, including decaffeinated	20,720,881
15	29	85015310	Elect.motor altern.cur.multi-phase 75kw	15,350,014
16	31	85015210	Elec.motor alter.cur.mult.ph.750w	14,776,833
17	32	40111000	New tires for automobiles of passengers	14,726,051
18	33	16025000	Prepared preserved edible, of bovine	13,608,478
19	35	84329000	Parts of machinery, etc.for soil preparation	11,182,585
20	36	17019900	Other cane/beet sugar/chemically pure sucrose, in solid	10,433,436
21	37	73041900	Other hollow pipes iron/steel, of a kind used for oil or gas pipelines	10,137,699
22	39	17049020	Chocolates, caramels, sweets, tablets, not containing cocoa	8,710,508
23	40	85016400	Generators of alternative current, pot>750kva	8,285,939
24	41	88073000	Other parts of aeroplanes or helicopters	8,185,146
25	42	68029990	Oth.worked monumental, etc.oth.wise proces.and articles	7,343,697
26	45	84111200	Turbo-jets of a thrust > 25kn	6,210,647
27	46	84749000	Parts of machinery f/screening, etc.mineral substances	5,977,779
28	47	84553010	Rolls for rolling mills, melted, of steel/nodular iron	5,812,880
29	48	73042939	Ot.pipes of alloy steel, n/coat.seam.f/coat.of wells, etc	5,634,653
30	49	44123900	Other plywood, veneered panels, thickness <=6 mm	5,535,762

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.

4th quarter of 2023

PRODUCTS TRADED BETWEEN BRAZIL AND CANADA – BY NCM CODE*

* Mercosur Common Nomenclature

CANADIAN EXPORTS

#	NCM Code	NCM Description	Jan-Dec 2023 - Value FOB (US$)	Variation Jan-Dec 2023/2022	Share from the total
1	31042090	Other potassium chloride	1,859,253,131	-47.3%	55%
2	27011200	Bituminous coal, not agglomerated	109,030,443	85.9%	3%
3	31042010	Potassium chloride, containing potassium oxide(k2o)<=60%	98,627,855	-44.2%	3%
4	88024090	Oth.airplanes/aircraft,weight>15000kg,empty	90,900,406	-21.0%	3%
5	84111200	Turbo-jets of a thrust > 25kn	63,301,900	62.7%	2%
6	84119100	Parts of turbo-jets or of turbo-propellers	54,534,747	7.8%	2%
7	30049069	Ot.medicaments c/comp.heterocyc.heteroat.nitr.in doses	45,177,386	47.0%	1%
8	39014000	Copolymers of ethylene and alpha-olefin, density of less than 0.94	40,519,682	-43.8%	1%
9	10019900	Other mixtures of wheat and rye, except for sowing	30,483,683	147.4%	1%
10	88021100	Helicopters of weight<=2000kg,empty	29,950,588	5.7%	1%
11	75040010	Powders and flakes, of nickel not alloyed	28,418,242	37.8%	1%
12	39011030	Polyethylene with a density of less than 0.94, unfilled	27,973,870	-17.2%	1%
13	39012029	Oth.polyeth.not c/fillers, density>=0.94, primary forms	23,331,608	38.7%	1%
14	30049079	Medicament c/compounds heterocyclic, etc.in doses	21,765,641	-12.0%	1%
15	84335990	Other machinery for threshing	18,735,476	18.0%	1%
16	76069200	Oth.plates and strips, of alluminium alloys, th>0.2mm	18,361,519	548.6%	1%
17	90314990	Other optical instruments and apparatus	18,350,388	70.7%	1%
18	84368000	Other machinery for agricultural, horticultural, etc.	17,575,705	193.5%	0.5%
19	7134090	Other dried lentils, in grain	17,509,679	25.1%	0.5%
20	88021210	Helicopters 2000kg	17,216,230	4.7%	0.5%
21	76020000	Aluminium waste and scrap	15,302,191	87.0%	0.5%
22	23099090	Other preparations for animal feeding	14,743,872	-6.5%	0.4%
23	88072000	Under-carriages and parts thereof f/aircraft,etc.	14,705,655	64.3%	0.4%
24	87019510	Tractors specially designed to drag logs (log skidders), with engines of more than 130 Kw	12,001,890	182.3%	0.4%
25	90328929	Other autom.electronic controllers f/motor vehicles	10,328,606	26.7%	0.3%
26	18050000	Cocoa (powder), without added sugar or other sweeteners	9,893,433	31.4%	0.3%
27	7131090	Other dried peas (pisum sativum) in grain, for sowing	9,813,673	38.3%	0.3%
28	28291100	Sodium chlorates	9,412,525	13.4%	0.3%
29	84825010	Cylindrical roller bearings, radial	8,988,031	47.9%	0.3%
30	25030010	Sulphur in bulk, exc.sublimed, precipitated or colloidal	8,671,700	-74.1%	0.3%

CANADIAN IMPORTS

# Ranking	NCM Code	NCM Description	Jan-Dec 2023 - Value FOB (US$)	Variation Jan-Dec 2023/2022	Share from the total
1	71081210	Gold bullion, for non monetary uses	1,501,493,439	5%	26.0%
2	28182010	Calcined alumina	1,224,061,648	-15%	21.2%
3	88024090	Oth.airplanes/aircraft,weight>15000kg,empty	702,342,415	483%	12.2%
4	17011400	Other cane sugar	626,504,193	27%	10.9%
5	72071200	Ot.semi-finis.prod.iron/steel, c<0.25%, rec.sq.cross-sec	217,351,536	-14%	3.8%
6	9011110	Coffee not roasted or decaffeinated, in grain	110,575,144	-29%	1.9%
7	84292090	Other graders and levellers	104,118,731	332%	1.8%
8	71081310	Gold, bars, yarn, profiles of solid cross-sec.gold bullion	103,762,517	-54%	1.8%
9	26060011	Bauxite not calcined (aluminium ores)	69,152,501	-16%	1.2%
10	84295199	Oth.loaders/shovel loaders, of front-end shovel loaders	56,429,416	68%	1.0%
11	26040000	Nickel ores and concentrates	50,729,631	-25%	0.9%
12	2071400	Fowls spec.gal.domest.cuts and offal, frozen	50,616,090	-5%	0.9%
13	73042931	Pipes of alloy steel, seam.f/coated of well, etc, d<=229mm	40,832,560	19%	0.7%
14	27101911	Kerosene oils for aviation	35,649,883	-14%	0.6%
15	84291190	Other bulldozers and angledozers, of a flywheel	32,617,700	30%	0.6%
16	27131200	Petroleum coke calcined	30,807,974	8%	0.5%
17	87041090	Oth.dumpers f/the transp.of goods,f/off-highway use	29,155,330	105%	0.5%
18	2023000	Frozen bovine meat, boneless	24,998,933	29%	0.4%
19	28046900	Other silicons	24,811,612	-47%	0.4%
20	26030090	Other ores and concentrates	23,906,297	326221%	0.4%
21	27131100	Petroleum coke not calcined	23,338,921	-47%	0.4%
22	72249000	Semi-manufactured products, of other alloy steel	22,152,215	78%	0.4%
23	28253010	Divanadium pentoxide	21,011,733	22%	0.4%
24	29419083	Virginiamycins and their salts	20,794,048	98%	0.4%
25	21011110	Soluble coffee, including decaffeinated	20,720,881	-15%	0.4%
26	25070010	Kaolin	20,288,942	-44%	0.4%
27	5119999	Other products ofanimal origin, inappropriate for human consumption	19,388,748	9%	0.3%
28	72029300	Ferro-niobium	17,668,405	-40%	0.3%
29	85015310	Elect.motor altern.cur.multi-phase 75kw	15,350,014	14%	0.3%
30	2032900	Other swine meat, frozen	15,185,583	959%	0.3%

4th quarter of 2023

CATEGORY ANALYSIS AND HIGHLIGHTS –

Canadian Imports from Brazil

The year 2022 recorded the highest value of Canadian Imports from Brazil in history, however, the result of 2023 set a new record. Of the top ten chapters in the ranking of this trade flow in 2023 products related to mining continued to stand out, such as minerals, precious or base metals (and articles thereof), sugar exports, and machinery such as graders and bulldozers. With a great impact on the result, Brazil’s aircraft and meat exports showed great growth in 2023.

Ranking	HS Code	Description	Jan-Dec 2023 - Valor FOB (US$)	Variation Jan-Dec 2023/2022 - Valor FOB (US$)	Share - all imports. Jan-Dec 2023 - Valor FOB (US$)
1	71	Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewellery; coin	1,614,124,645	-3%	28%
1	71081210	Gold bullion, for non monetary uses	1,501,493,439	5%	26.0%
8	71081310	Gold, bars, yarn, profiles of solid cross-sec.gold bullion	103,762,517	-54%	1.8%
76	71129900	Other waste/scrap of other precious metal, etc.	3,067,946	-0.2%	0.1%

Chapter 71 – “Natural or cultured pearls, precious or semi-precious stones and the like, precious metals, metals clad with precious metals (plaquê), and articles thereof; Costume jewelry; currencies” remains 1st in the ranking of imports, with 28% of the total imported by Canada, and a decrease of 3% compared to 2022. The total of more than $1.61 billion is mainly due to three products, as follows.

Main products in the chapter, by NCM:

1st in the overall ranking: “Golden bullion (bullion doré), in unwrought forms, for non-monetary use” – total of US$ 1.5 billion imported until the quarter, represents 93% of the chapter and 26% of all that was imported by Canada in the period (+5% compared to 2022)
8th in the overall ranking: “Gold in solid section bars, wires and profiles” – US$ 103.7 million imported, represents 7% of the chapter and 1.8% of the total imported by Canada in the period (-54%)
75th in the overall ranking: “Other waste/waste, other precious metals, etc.” – more than US$ 3 million imported in 2023, a result 0.2% 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 variation throughout the year with an upward trend, unlike in 2022 when it remained relatively stable at US$ 58.7/g. The gram of gold fluctuated between US$ 58.22 and reaching US$ 66.78, ending the year at US$ 66.32.

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.

Ranking	HS Code	Description	Jan-Dec 2023 - Valor FOB (US$)	Variation Jan-Dec 2023/2022 - Valor FOB (US$)	Share - all imports. Jan-Dec 2023 - Valor FOB (US$)
2	28	Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals, of radioactive elements or of isotopes	1,273,816,753	-15%	22%
2	28182010	Calcined alumina	1,224,061,648	-15%	21.2%
19	28046900	Other silicons	24,811,612	-47%	0.4%
23	28253010	Divanadium pentoxide	21,011,733	22%	0.4%

Chapter 28 – “Inorganic Chemicals; inorganic or organic compounds…” it also continues to occupy the 2nd place in the ranking, with 22% of all that was imported by Canada in the period. There was a 15% drop compared to the same period in 2022, reaching more than $1.27 billion. The total value of the chapter is mainly due to calcined alumina, as follows.

Main products in the chapter, by NCM:

2nd in the overall ranking: Calcined alumina – total of US$ 1.22 billion, representing 96% of the chapter and 21.2% of all imports from Brazil to Canada at the end of the year (-15% compared to 2022)
19th overall: Other Silicon – total of $24.8 million (-47%)
23rd overall: Divanadium Pentoxide – $21 million total (+22%)

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.

Ranking	HS Code	Description	Jan-Dec 2023 - Valor FOB (US$)	Variation Jan-Dec 2023/2022 - Valor FOB (US$)	Share - all imports. Jan-Dec 2023 - Valor FOB (US$)
3	88	Aircraft, spacecraft, and parts thereof	712,103,183	452%	12%
3	88024090	Oth.airplanes/aircraft,weight>15000kg,empty	702,342,415	483%	12.2%
41	88073000	Other parts of aeroplanes or helicopters	8,185,146	5216%	0.1%

Chapter 88 – “Aircraft and space apparatus, and parts thereof” had a major impact on Brazil’s exports to Canada in 2023. Consolidating its recovery after the pandemic period, the chapter occupies 3rd place in the ranking, reaching US$ 712.1 million at the end of 2023, which is 12.3% of everything Canada bought from Brazil, an increase more than four times greater than in 2022. This value is practically conditional on two products, as follows.

3rd in the overall ranking: “Other airplanes and other air vehicles, weighing more than 15,000 kg, empty” – totaled US$ 702.3 million, represents 99% of the chapter and 12.2% of all that was imported by Canada at the end of 2023, with significant growth compared to the same period in 2022, about 483%.
41st overall: Other airplane or helicopter parts – total of $8.1 million, and 1% of the chapter’s result.

A traditional industry in Brazil and Canada, aeronautical production has returned to 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.

Ranking	HS Code	Description	Jan-Dec 2023 - Valor FOB (US$)	Variation Jan-Dec 2023/2022 - Valor FOB (US$)	Share - all imports. Jan-Dec 2023 - Valor FOB (US$)
4	17	Sugars and sugar confectionery	645,704,019	26%	11%
4	17011400	Other cane sugar	626,504,193	27%	10.9%
36	17019900	Other cane/beet sugar/chemically pure sucrose, in solid	10,433,436	0.4%	0.2%
39	17049020	Chocolates, caramels, sweets, tablets, not containing cocoa	8,710,508	1.1%	0.2%

Chapter 17 – “Sugars and confectionery” ends 2023 in 4th place in the ranking, with 11% of all that was imported by Canada. With an increase of 26% compared to 2022, it reached US$ 645.7 million in traded values. 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 sugars” – total of US$ 626.7 million, represents 97% of the total imported in the chapter and 10.9% of all that was imported by Canada at the end of the fourth quarter (+9% compared to the same period in 2022)
36th overall: “Other cane sugars, sugar beets, chemically pure sucrose, sunshine.” – total of US$ 10.4 million, up 0.4%
39th in the overall ranking: Caramels, confectionery, drops, lozenges, and similar products, without cocoa – total of US$ 8.7 million, and 1.4% of the chapter’s result.

Every 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!

Ranking	HS Code	Description	Jan-Dec 2023 - Valor FOB (US$)	Variation Jan-Dec 2023/2022 - Valor FOB (US$)	Share - all imports. Jan-Dec 2023 - Valor FOB (US$)
5	84	Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof	273,008,445	56%	5%
7	84292090	Other graders and levellers	104,118,731	332%	1.8%
10	84295199	Oth.loaders/shovel loaders, of front-end shovel loaders	56,429,416	68%	1.0%
15	84291190	Other bulldozers and angledozers, of a flywheel	32,617,700	30%	0.6%

Chapter 84 – “Nuclear reactors, boilers, machinery, mechanical apparatus and instruments, and parts thereof” is in the 5th position and represents 5% of the total imported by Canada, with more than USD 273 million imported, an increase of 56% compared to the end of 2022. The total value imported in the chapter is distributed among several products, with some highlights below.

Main products in the chapter, by NCM

7th overall: “Other Levelers” – $104.1 million, with 38% of the chapter and 1.8% of all exports to Canada at the end of the fourth quarter (+332% compared to the same period in 2022)
10th overall: “Other Front-Loading Loaders and Wheel Loaders” – accounted for 21% of the chapter, reaching $56.4 million (+104%)
15th in the overall ranking: “Other bulldozers and angledozers, tracked” – represented 12% of the chapter, totaling US$ 32.6 million (+30%)

Ranking	HS Code	Description	Jan-Dec 2023 - Valor FOB (US$)	Variation Jan-Dec 2023/2022 - Valor FOB (US$)	Share - all imports. Jan-Dec 2023 - Valor FOB (US$)
6	72	Cast iron, iron and steel	272,895,272	-17%	5%
5	72071200	Ot.semi-finis.prod.iron/steel, c<0.25%, rec.sq.cross-sec	217,351,536	-14%	3.8%
22	72249000	Semi-manufactured products, of other alloy steel	22,152,215	78%	0.4%
28	72029300	Ferro-niobium	17,668,405	-40%	0.3%

Chapter 72 – “Cast Iron, Iron and Steel”, ranks 6th in the ranking, with 5% of everything imported by Canada at the end of 2023, down 17% compared to the same period in 2022. The imported value totaled US$ 272.8 million, mainly due to three products, as follows.

Main products in the chapter, by NCM

5th in the overall ranking: “Other semi-manufactured products of iron or non-alloy steel, rectangular cross-section, containing, by weight, less than 0.25% carbon” – total of US$ 217.3 million, representing 80% of the chapter and 3.8% of all exports to Canada at the end of the fourth quarter (-14% compared to the same period in 2022)
22nd in the overall ranking: “Semi-manufactured products, of other steel alloys” – total of more than US$ 22.1 million (+78% compared to the same period in 2022)
28th in the overall ranking: “Ferro-niobium” – total of more than US$ 17.6 million, representing 6% of the chapter and 0.3% of all that was imported by Canada (-26% compared to the same period in 2022)

Ranking	HS Code	Description	Jan-Dec 2023 - Valor FOB (US$)	Variation Jan-Dec 2023/2022 - Valor FOB (US$)	Share - all imports. Jan-Dec 2023 - Valor FOB (US$)
7	26	Ores, slag and ash	150,466,478	0%	3%
9	26060011	Bauxite not calcined (aluminium ores)	69,152,501	-16%	1.2%
11	26040000	Nickel ores and concentrates	50,729,631	-25%	0.9%

Chapter 26 – “Ores, slag and ashes” appears in 7th place in the ranking of imports by Canada from Brazil, totaling US$ 150.4 million, with a decrease of 0.3% compared to the end of the fourth quarter of 2022, with 3% of all imports by Canada. There are two main categories in this chapter.

Main products in the chapter, by NCM

9th overall: “Uncalcined bauxite (aluminum ore)” – totaled more than US$ 69.1 million, which represents 46% of the chapter and 1.2% of all that was imported by Canada at the end of 2023.
11th in the overall ranking: “Nickel ores and concentrates” – U$50.7 million (-25%).

Ranking	HS Code	Description	Jan-Dec 2023 - Valor FOB (US$)	Variation Jan-Dec 2023/2022 - Valor FOB (US$)	Share - all imports. Jan-Dec 2023 - Valor FOB (US$)
8	9	Coffee, tea, maté and spices	111,285,040	-29%	2%
6	9011110	Coffee not roasted or decaffeinated, in grain	110,575,144	-29%	1.9%

Chapter 09 – “Coffee, tea, mate and spices” ends 2023 in 8th place in the ranking of exports to Canada, totaling more than US$ 111.2 million, with 2% of all that was imported by Canada at the end of the year (-29% 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

6th in the overall ranking: “Unroasted, non-decaffeinated, bean coffee” – the commodity is the main category in the chapter and reached US$ 110.5 million, comprising practically the entire chapter and 1.9% of all that was imported by Canada at the end of 2023 (-29% compared to 2022)

The promotion of Brazilian coffee exports to Canada is worked on by CCBC in trade missions and participation in industry fairs. Stay tuned for news and follow our calendar!

Ranking	HS Code	Description	Jan-Dec 2023 - Valor FOB (US$)	Variation Jan-Dec 2023/2022 - Valor FOB (US$)	Share - all imports. Jan-Dec 2023 - Valor FOB (US$)
9	27	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	93,544,830	-19%	2%
14	27101911	Kerosene oils for aviation	35,649,883	-14%	0.6%
16	27131200	Petroleum coke calcined	30,807,974	8%	0.5%
21	27131100	Petroleum coke not calcined	23,338,921	-47%	0.4%

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 imported by Canada, with more than US$ 93.5 million imported, a decrease of 19% compared to the end of 2022. The total amount imported in the chapter is distributed among the following highlights.

Main products in the chapter, by NCM

14th overall: “Aviation kerosene” – US$ 35.6 million, with 38% of the chapter and 0.6% of all Brazilian imports by Canada at the end of the fourth quarter (-14% compared to the same period in 2022)
16th in the overall ranking: “Calcined petroleum coke” – represented 33% of the chapter, reaching US$ 30.8 million (+8%)
21st in the overall ranking: “Non-calcined petroleum coke” – totaling US$ 23.3 million (-47%)

Ranking	HS Code	Description	Jan-Dec 2023 - Valor FOB (US$)	Variation Jan-Dec 2023/2022 - Valor FOB (US$)	Share - all imports. Jan-Dec 2023 - Valor FOB (US$)
10	2	Meat and edible meat offal	90,930,212	23%	2%
12	2071400	Fowls spec.gal.domest.cuts and offal, frozen	50,616,090	-5%	0.9%
18	2023000	Frozen bovine meat, boneless	24,998,933	29%	0.4%
30	2032900	Other swine meat, frozen	15,185,583	959%	0.3%

Chapter 02 – Meat and edible offal showed a good result, ending the year in 10th place in the ranking, with a growth of 23%, reaching more than US$ 90.9 million imported and 2% of all imports to Canada.

The main items in the category were:

12th overall: “Pieces and offal, edibles of roosters/hens, frozen” – US$ 50.6 million, which represents 56% of the chapter and 1% of all that was imported by Canada at the end of 2023 (-5% compared to the same period in 2022)
18th in the overall ranking: “Boneless beef, frozen” – totaled more than US$ 24.9 million, which represents 27% of the chapter (+29% compared to the same period in 2022)
30th in the overall ranking: “Other pork, frozen” – totaled US$ 15.1 million, which represents 17% of the chapter (+959% than in the same period in 2022)

The result of chapter 02, higher than the year 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 sector and several others, contact us for more details!

4th 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. A significant resumption of imports of aircraft, optical instruments and industrial and agricultural machinery and vehicles was also seen. Always present on the agenda between Brazil and Canada, exports of plastics, mining derivatives and mineral fuels were also highlighted in 2023. The main highlights are presented below.

Ranking	HS Code	Description	Jan-Dec 2023 - Valor FOB (US$)	Variation Jan-Dec 2023/2022 - Valor FOB (US$)	Share - all exports. Jan-Dec 2023 - Valor FOB (US$)
1	31	Fertilizers	1,967,676,605	-47%	58%
1	31042090	Other potassium chloride	1,859,253,131	-47.3%	55%
3	31042010	Potassium chloride, containing potassium oxide(k2o)<=60%	98,627,855	-44.2%	3%
60	31051000	Fertilisers in tablets/packages wei.<=10kg	4,762,224	205%	0.1%

Chapter 31 – Fertilizers (fertilizers) remains in 1st place in Brazilian imports from Canada, totaling USD 1.96 billion (-47% compared to the same period in 2022) and representing 58% of all that was exported by Canada to Brazil at the end of 2023. The total exported 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: “Other potassium chlorides” – in addition to being the main category in the chapter, it led the overall ranking of exports with more than USD 1.85 billion (-43.3% compared to the end of the fourth quarter of 2022), and represented 94% of the entire chapter and 55% of all that was exported by Canada at the end of 2023
3rd in the overall ranking: “Potassium chloride, with potassium oxide (K2O) content not exceeding 60% by weight” – totaled US$ 98.6 million (-44.2%), which represents 5% of the chapter and 3% of the total exported by Canada
60th in the overall ranking: “Products of this Chapter (fertilisers or fertilisers) presented in tablets or similar forms, or in packages with a gross weight not exceeding 10 kg” – totaled US$ 3.4 million (+83%), and 0.1% of the total exported by 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. We also cannot fail to mention that the conflict in Eastern Europe since 2022 has affected this market, as the demand for fertilizers from countries other than Russia has become large, with Canada growing as a supplier of this product to Brazil. 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, shown in the past editions of CCBC’s QTF, already show that Canadian fertilizers were widely exported by Brazil that year after the Brazilian government representation, and were consolidated in 2023, even with a lower value than 2022.

Ranking	HS Code	Description	Jan-Dec 2023 - Valor FOB (US$)	Variation Jan-Dec 2023/2022 - Valor FOB (US$)	Share - all exports. Jan-Dec 2023 - Valor FOB (US$)
2	84	Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof	350,048,940	-2%	10%
5	84111200	Turbo-jets of a thrust > 25kn	63,301,900	62.7%	2%
6	84119100	Parts of turbo-jets or of turbo-propellers	54,534,747	7.8%	1.6%
15	84335990	Other machinery for threshing	18,735,476	18.0%	1%

Chapter 84 – Nuclear reactors, boilers, machinery, mechanical apparatus and instruments, and their parts follows in 2nd place, totaling US$ 350 million (-2% compared to the end of 2022), and representing 10% of all that was exported by Canada at the end of the fourth quarter. This value is distributed among several items, with some highlights below.

Main products in the chapter, by NCM

5th in the overall ranking: “Turboreactors with a thrust greater than 25 kN” – more than US$ 63.3 million exported (+62.7%). It represents 18% of the chapter and 2% of everything that was exported by Canada.
6th in the overall ranking: “Parts of turboreactors or turboprops” – US$ 54.5 million exported (+7.8% compar