In 2012, bilateral merchandise trade totalled (CAD) $434.4 million. Canada's exports at $124.3 million, was down from $225.4 million in 2011, due to significantly reduced domestic consumption in Portugal. Oilseeds, cereals, canola oil, machinery, paper and paperboard were among the leading export goods from Canada to Portugal. Imports from Portugal in 2012 were $310.1 million, down from $357.6 million in 2011. Wines, iron/steel, mineral fuels and oils (crude), footwear and cork among the leading export goods from Portugal to Canada.