Merchandise trade between India and Canada has experienced substantial growth in 2026, setting the stage for Indian Prime Minister Narendra Modi’s anticipated visit to Canada in December. This surge in trade underscores a strengthening of economic ties between the two nations.
From January to August 2026, Canada’s merchandise exports to India amounted to CA$3.03 billion, marking a significant 36.7% increase compared to the same period last year. The growth was primarily driven by exports of metals and minerals, which constituted 41% of shipments, followed by agri-food products, accounting for 16.9%. On the other hand, Canada’s imports from India totaled CA$7.05 billion, reflecting a 10.2% year-on-year rise.
In the previous year, 2025, Canadian exports to India reached CA$3.9 billion, while imports from India were valued at CA$9.7 billion. The recent growth in trade is further bolstered by high-level discussions and business initiatives. A notable development includes a Canadian trade delegation comprising nearly 300 participants, which successfully secured 34 commercial agreements valued at approximately CA$300 million across sectors such as energy, critical minerals, and aerospace.
Efforts to enhance bilateral economic relations are also evident in the ongoing negotiations for a Comprehensive Economic Partnership Agreement (CEPA) between India and Canada. Five rounds of negotiations have been completed, with both countries aiming to finalize the agreement by December.
In addition to trade discussions, Prime Ministers Narendra Modi and Mark Carney have engaged in dialogues on strengthening bilateral relations. Officials from both countries continue to work towards expanding cooperation in areas such as trade, investment, and mobility, signaling a promising future for India-Canada relations.