Merchandise trade between India and Canada has experienced significant growth in the first eight months of 2026, setting a positive tone for Indian Prime Minister Narendra Modi’s upcoming visit to Canada in December. The bilateral economic relations have shown renewed momentum, as reflected in the double-digit increase in trade figures.
Canada’s exports to India amounted to CA$3.03 billion from January to August 2026, marking a notable 36.7% rise compared to the same period in the previous year. The exports were largely driven by metals and minerals, which constituted 41% of the shipments, followed by agri-food products at 16.9%. On the other hand, Canada’s imports from India during the same period reached CA$7.05 billion, a 10.2% year-on-year growth.
In 2025, the total Canadian exports to India were CA$3.9 billion, while imports stood at CA$9.7 billion. The recent trade growth underscores the strengthening economic ties between the two nations, bolstered by high-level discussions and business initiatives. Notably, a Canadian trade delegation comprising nearly 300 participants recently secured 34 commercial agreements valued at approximately CA$300 million, covering sectors such as energy, critical minerals, and aerospace.
India and Canada are also advancing negotiations on a Comprehensive Economic Partnership Agreement (CEPA), with five rounds of discussions already completed. Both nations are aiming to finalize the agreement by December, which could further enhance trade and investment relations.
Prime Ministers Narendra Modi and Mark Carney have engaged in discussions to bolster bilateral relations, focusing on expanding trade, investment, and cooperation in various sectors, including mobility. As both countries work towards concluding the CEPA, the recent trade figures highlight the growing economic partnership between India and Canada.