Bilateral trade between India and Canada has shown significant growth in the first eight months of 2026, setting a promising stage for Indian Prime Minister Narendra Modi’s upcoming visit to Canada in December. This development underscores a strengthening of economic ties, as the two nations work towards enhancing their trade relationship.
During the January to August period, Canada’s merchandise exports to India reached CA$3.03 billion, marking a 36.7% increase compared to the same timeframe in the previous year. The export surge was primarily driven by metals and minerals, which made up 41% of shipments, followed by agri-food products at 16.9%.
Meanwhile, Canada imported goods worth CA$7.05 billion from India, reflecting a 10.2% year-on-year increase. In 2025, these figures stood at CA$3.9 billion for Canadian exports and CA$9.7 billion for imports from India, indicating a consistent upward trend in bilateral trade.
High-level discussions and various business initiatives have bolstered this trade momentum. A Canadian trade delegation comprising nearly 300 members recently secured 34 commercial agreements valued at approximately CA$300 million. These agreements span sectors such as energy, critical minerals, and aerospace, highlighting the diverse areas of collaboration between the two countries.
Both nations are also advancing negotiations on a Comprehensive Economic Partnership Agreement (CEPA), with five rounds of talks completed and further discussions planned. The goal is to conclude the agreement by December, aiming to further boost trade, investment, and cooperation in areas including mobility.
In preparation for Modi’s visit, he and Canadian Prime Minister Mark Carney have engaged in dialogues to strengthen bilateral relations. Officials from both countries continue to explore avenues to expand their economic cooperation, signaling a robust future for India-Canada trade relations.
