Puerto Rico
- 13 Canadian-owned companies in Puerto Rico employ 1,054 people
- Total Canada–U.S. goods and services trade: $627 billion
Scotiabank finds success in Puerto Rico
Scotiabank de Puerto Rico is a subsidiary of the Canadian-owned Scotiabank Group, one of the most important financial institutions of North America, which also has a large international presence. Scotiabank Group has more than 69,000 employees and serves approximately 12.8 million customers in 50 countries.
Since 1910, Scotiabank de Puerto Rico has served large segments of Puerto Rico, offering a full range of banking services. They offer diverse services for retail markets, including checking and savings accounts, personal loans, auto loans and mortgages. Scotiabank also offers services dedicated to corporate and commercial markets, including small businesses and professionals.
Following the recent acquisition of R-G Premier Bank, Scotiabank is now the second largest bank in Puerto Rico, employing 1,800 citizens, with a network of 46 branches throughout the Island. In addition, Scotiabank has the second largest ATM network in Puerto Rico, free of charges for its customers, accessible in different points throughout the Island at branches, convenience stores, pharmacies, and shopping malls.
Through its Global ATM Alliance with other banks in more than 40 countries around the world, Scotiabank’s customers enjoy additional benefits, including convenient, free transactions at more than 35,000 ATMs around the world.
As part of their commitment to Puerto Rico’s economic development, Scotiabank has actively financed infrastructure projects in the past and is currently involved in financing the Commonwealth’s larger privatization efforts.
For more information on Canada’s trade with Puerto Rico, please contact:
Consulate General of Canada
200 South Biscayne Blvd., Suite 1600 • Miami, FL 33131
Phone: (305) 579-1600 • Fax: (305) 374-6774
September 2011
All figures in U.S. dollars (US$1.00=C$1.0299). Job numbers are based on 2008 data from a 2010 study commissioned by the Embassy of Canada. All other figures are based on 2010 data. World Institute for Strategic Economic Research (WISER): Canada’s export ranking (February 2011). Statistics Canada: trade (February 2011 release), tourism (May 2011 release). Dun & Bradstreet: Canadian-owned companies and employment (June 2011 release). Figures may not add up due to rounding. Produced by the Embassy of Canada in Washington, D.C.
Supplemental content
Puerto Rico–Canada facts
Foreign export markets
- % foreign-bound goods sold to Canada: 4%
Merchandise trade
- Puerto Rico exports to Canada: $1.7 billion
- Puerto Rico imports from Canada: $549 million
- Bilateral trade: $2.2 billion
Top exports
- Medicine, in dosage: $1 billion
- Computers: $144 million
- Distilled alcoholic beverages: $41 million
- Medical, ophthalmic & orthopaedic supplies: $41 million
- Medical & related equipment: $27 million
- Organic chemicals: $26 million
- Televisions, radios & personal electronics: $24 million
- Photographic film: $16 million
- Switchgear & protective equipment: $12 million
- Air conditioning & refrigeration equipment: $11 million
Top imports
- Petroleum & coal products : $217 million
- Vegetables : $53 million
- Newsprint : $37 million
- Meat : $33 million
- Medicine, in dosage : $22 million
- Wheat : $21 million
- Containers : $13 million
- Aluminum, including alloys : $11 million
- Organic chemicals : $8 million
- Electrical lighting equipment : $5 million
Puerto Rico exports $1.7 billion in goods to Canada
- Personal & Household Goods (69%)
- Agriculture (11%)
- Telecommunications (9%)
- Equipment (5%)
- Chemicals (4%)
- Machinery (1%)
- Other (2%)
Puerto Rico imports $549 million in goods from Canada
- Energy (39%)
- Agriculture (30%)
- Forest Products (9%)
- Personal & Household Goods (5%)
- Equipment (3%)
- Chemicals (3%)
- Other (11%)
