Merchandise trade between India and Canada has experienced significant growth in the first eight months of 2026, with Indian Prime Minister Narendra Modi’s visit to Canada scheduled in December. The trade surge highlights a strengthening of economic ties between the two nations.
Canada’s merchandise exports to India amounted to CA$3.03 billion from January to August 2026, marking an increase of 36.7% compared to the same period in the previous year. The primary exports were metals and minerals, which comprised 41% of the shipments, followed by agri-food products at 16.9%.
Conversely, Canada’s merchandise imports from India reached CA$7.05 billion during the same timeframe, reflecting a 10.2% year-on-year growth. In 2025, Canadian exports to India were CA$3.9 billion, while imports from India totaled CA$9.7 billion.
Bilateral relations have also been bolstered through high-level discussions and business initiatives. A recent Canadian trade delegation, consisting of nearly 300 participants, successfully secured 34 commercial agreements valued at around CA$300 million. These agreements span sectors such as energy, critical minerals, and aerospace.
Efforts are underway between India and Canada to advance negotiations on a Comprehensive Economic Partnership Agreement (CEPA). Both countries have completed five rounds of negotiations and plan further discussions, aiming to finalize the agreement by December.
Indian Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney have engaged in talks focusing on strengthening bilateral relations. Officials from both nations continue to work on expanding trade, investment, and cooperation in areas like mobility.