Brazilian Exports to Canada Hit Record as Gold Sales Rise and Beef Surges 828%

Brazilian exports to Canada reached a record high for the January–September period in 2026. Shipments totaled $5.69 billion, up 12.1% from the same period in 2025, which had previously held the record.

Over the past two years, Brazilian exports to the Canadian market have grown by nearly 28%. The figures come from Quick Trade Facts (QTF), a quarterly report published by the Brazil-Canada Chamber of Commerce (CCBC).

Bilateral trade remained strong in both directions, with Brazil’s imports of Canadian products rising 14.9% to $2.72 billion. Total trade between the two countries reached $8.41 billion in the first nine months of the year, up 13%, resulting in a $2.97 billion trade surplus in Brazil’s favor.

Gold and Beef Drive Growth in Brazilian Exports to Canada

Unwrought gold has established itself as the main driver of Brazilian exports to Canada. Supported by global geopolitical uncertainty and growing demand for lower-risk assets, shipments of the precious metal totaled $3.06 billion through September, surging 47% from 2025. Gold now accounts for 53.8% of Brazil’s total exports to the Canadian market.

Another standout was frozen boneless beef, with exports jumping 828% to $76.5 million. The increase helped Brazil’s meatpacking industry partially offset weaker Chinese demand during the year.

In volume terms, Brazilian beef exports to Canada also posted strong growth. Between January and August, Brazil shipped 764 TEUs of beef to the country, up 470% year over year. See more details based on Datamar data below:

Beef Exports to Canada | Jan 2024 – Aug 2026 | TEUs

Source: DataLiner – explore our trade data

Growth in these products was crucial to offsetting declines in traditional Brazilian exports, including:

• Calcined alumina: down 28% to $858.8 million.
• Cane sugar: down 25% to $251.5 million.
• Green coffee: down 20% to $172.8 million.

Meanwhile, exports of loading machinery rose 80% to $55.8 million, aviation kerosene shipments increased 83% to $39.4 million, and sales of industrial equipment also grew.

“The performance of trade 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 how the two economies complement each other,” said Hilton Nascimento, President and CEO of the CCBC.

Fertilizers Lead Brazil’s Imports from Canada

In the opposite direction, fertilizers remain Brazil’s leading import category from Canada. Purchases of potassium chloride reached $1.41 billion through September, up 14.5% from the previous year, accounting for 51.9% of everything Brazil imported from the North American country.

The complementary nature of bilateral trade was also reflected in growing Brazilian demand for Canadian high-tech products and industrial goods:

• Turbojet engines: up 61.4% to $195.4 million.
• Helicopters (up to 2,000 kg): up 83% to $68.3 million.
• Pharmaceutical products: up 35.7% to $63 million.

The Brazilian real’s appreciation against the U.S. dollar during 2026 increased the country’s purchasing power, making Canadian inputs and equipment more competitive in the Brazilian market.

Source: Itatiaia

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