Canada - Brazil Trade Statistics 2009 - Year in Review

Please find below the annual Canada-Brazil Trade figures:

• In 2009, Canadian exports to Brazil were valued at CAD$1.6 billion, a 38.2% decrease over 2008 figures.
• In 2009, Canadian imports from Brazil were valued at CAD$2.6 billion, a 4.1% decrease over 2008.
• Canada’s trade deficit with Brazil was CAD$975.6 million in 2009.

Canada Exports to Brazil	2008 cad$ million	2009 cad$ million	Canada Imports from Brazil	2008 cad$ million	2009 cad$ million
Machinery	302.2	319.0	Agriculture and Agrifood	693.8	779.6
Chemicals, Plastic, Rubber	638.5	304.5	Chemicals, Plastic, Rubber	697.5	800.9
Wood, Pulp, Paper	293.1	212.9	Minerals and Metals	393.0	361.6
Mineral Fuel, Oil, etc.	347.4	202.6	Machinery	235.4	171.0
Agriculture and Agrifood	217.0	147.3	Vehicles, Not Railway	220.1	151.9
Electrical Machinery	108.4	111.3	Wood, Pulp, Paper	153.5	101.4
Aircraft, Spacecraft	72.8	95.9	Electrical Machinery	61.5	78.7
Minerals and Metals	475.0	87.0	Textile, Clothing, Leather	90.4	70.6
Optic, Medical Instruments	48.0	52.6	Consumer and Miscellaneous	26.0	28.6
Consumer and Miscellaneous	42.5	22.5	Mineral Fuel, Oil, etc.	3.5	16.9
Ships and Boats	17.2	19.8	Aircraft, Spacecraft	101.3	6.1
Vehicles, Not Railway	19.1	16.7	Optic, Medical Instruments	6.2	5.7
Textile, Clothing, Leather	9.5	7.9	Railway, Traffic Sign Equipment	2.3	2.3
Railway, Traffic Sign Equipment	0.2	0.1	Ships and Boats	-	-
TOTAL	2,589.0	1,599.9	TOTAL	2,684.6	2,575.5

Annual Canada-Brazil Trade Statistics 2007-2009 (in CAD$ billion)

	2007	2008	2009	%change 09/08
Canada Exports to Brazil	1.5	2.6	1.6	-38.2
Canada Imports from Brazil	3.3	2.7	2.6	-4.1
Total Bilateral Trade	4.8	5.3	4.2	-26.2

In 2009, Canada-Brazil Bilateral Trade was valued at CAD$4.2 billion, a 26.2% decrease compared to 2008.

Canadian Exports to Brazil decreased by 38.2% in 2009, mainly due to declines in the exports of Fertilizers (-61%), Mineral Fuel (-42%) and Paper and Paperboard (-27%). These declines were consistent with a general decrease of Canadian exports to the world in 2009. Nonetheless, it is worth noting the increase of exports of many value-added manufactured goods to Brazil such as Aircrafts (+32%), Optic and Medical Instruments (+14%), Machinery (+6%) and Electrical Machinery (+3%).

Canadian imports from Brazil decreased slightly in 2009 when compared to 2008. The main decreases were in Vehicles (-31%), Machinery (-27%) and Iron & Steel (-27%). There was an increase in Canadian imports of Brazilian commodities in 2009, notably Gold (+163%), Sugars (+37%) and Coffee (+15%).

Canada - Brazil trade figures form 2006 to 2009 (month by month)

* Source: Statistics Canada

Canada-Brazil Direct Investments 2005-2009 (in CAD$ billion)

	2005	2006	2007	2008	2009	% change 09/08
Canada Investments in Brazil	6.8	8.9	7.8	9.9	11.4	16.0%
Brazil Investments in Canada	3.1	12.8	14.1	14.4	14.8	3.3%
Total Bilateral Investment	9.9	20.7	21.9	24.3	26.2	7.8%

Two-way investment, in particular, has seen substantial growth in recent years. Brazil was the 6th source globally of Foreign Direct Investment in Canada with $14.8 billion in cumulative stocks as of 2009, a 3.3% increase over 2008 levels. In 2009, Brazil remained the 11th largest recipient of Canadian Direct Investment Abroad, with a total of $11.4 billion, an increase of 16.0% over 2008 levels.

Source: Statistics Canada

June 2010