Merchandise trade between India and Canada has experienced significant growth, with double-digit increases in the first eight months of 2026. This development underscores the strengthening economic ties between the two nations ahead of Indian Prime Minister Narendra Modi’s scheduled visit to Canada in December.
From January to August 2026, Canada’s merchandise exports to India surged to CA$3.03 billion, marking a 36.7% rise compared to the same period in 2025. The primary exports driving this growth were metals and minerals, which made up 41% of the total shipments, followed by agri-food products at 16.9%.
Conversely, Canada’s imports from India also saw an increase, totaling CA$7.05 billion, which represents a 10.2% year-on-year growth. These figures compare to 2025 when Canadian exports to India were CA$3.9 billion, and imports from India stood at CA$9.7 billion.
The renewed trade momentum is accompanied by robust bilateral engagement, including high-level discussions and business initiatives. A notable development was a Canadian trade delegation comprising nearly 300 participants, which successfully secured 34 commercial agreements valued at approximately CA$300 million. These agreements span various sectors such as energy, critical minerals, and aerospace.
India and Canada are also making strides in advancing negotiations for a Comprehensive Economic Partnership Agreement (CEPA). Five negotiation rounds have been completed, and both countries are committed to concluding the agreement by December. This effort reflects mutual interests in expanding trade, investment, and cooperation in areas like mobility.
In preparation for Modi’s visit, discussions between Modi and Canadian Prime Minister Mark Carney have focused on strengthening bilateral relations. Officials from both countries remain actively engaged in efforts to further enhance trade and investment ties.