Merchandise trade between India and Canada has seen significant growth in the initial eight months of 2026, highlighting a strengthening in economic relations ahead of Indian Prime Minister Narendra Modi’s upcoming visit to Canada in December. This increase in trade comes amid ongoing efforts to enhance bilateral ties through high-level discussions and business initiatives.
Canada’s merchandise exports to India climbed to CA$3.03 billion from January to August 2026, marking a 36.7% increase over the same period last year. The growth was primarily driven by exports of metals and minerals, which constituted 41% of the total shipments, followed by agri-food products at 16.9%. Meanwhile, Canadian imports from India reached CA$7.05 billion, reflecting a year-on-year rise of 10.2%.
In 2025, the total Canadian exports to India were valued at CA$3.9 billion, while imports from India amounted to CA$9.7 billion. These figures underscore the expanding trade relationship between the two nations, further bolstered by a Canadian trade delegation’s recent visit. This delegation, comprising nearly 300 participants, secured 34 commercial agreements worth approximately CA$300 million, covering sectors such as energy, critical minerals, and aerospace.
Both countries are currently working to advance negotiations on a Comprehensive Economic Partnership Agreement (CEPA), with five rounds of discussions completed and more planned as they aim to finalize the agreement by December. These negotiations are part of broader efforts to enhance trade, investment, and cooperation in areas such as mobility.
Indian Prime Minister Narendra Modi and his Canadian counterpart, Prime Minister Mark Carney, have engaged in discussions to further bilateral relations. Officials from both nations continue to explore ways to expand their economic partnership, setting the stage for Modi’s visit, which is anticipated to further strengthen these burgeoning ties.