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. Canada’s exports to India rose by 36.7%, reaching CA$3.03 billion, with metals and minerals accounting for 41% of shipments and agri-food products comprising 16.9%. Simultaneously, Canada imported goods worth CA$7.05 billion from India, marking a 10.2% increase compared to the same period last year.
In 2025, Canadian exports to India totaled CA$3.9 billion, while imports from India were CA$9.7 billion. The upward trend in trade figures highlights the renewed momentum in economic relations between the two countries. High-level discussions and business initiatives have further bolstered this engagement. A Canadian trade delegation of nearly 300 participants recently secured 34 commercial agreements valued at approximately CA$300 million, involving sectors such as energy, critical minerals, and aerospace.
In addition to these efforts, India and Canada are progressing in negotiations on a Comprehensive Economic Partnership Agreement (CEPA). With five rounds of negotiations already completed, both nations are keen to finalize the agreement by December. This development aims to enhance trade, investment, and cooperation across various sectors such as mobility.
Discussions between Modi and Canadian Prime Minister Mark Carney have also been instrumental in strengthening bilateral relations. Officials from both sides are actively working to expand economic ties and foster collaboration in numerous areas. The upcoming visit by Prime Minister Modi is expected to further cement the growing economic partnership between India and Canada.