Bilateral trade between India and Canada has experienced significant growth in 2026, underscoring a strengthening economic relationship as Indian Prime Minister Narendra Modi prepares for a visit to Canada in December. The first eight months of the year saw Canada’s merchandise exports to India surge to CA$3.03 billion, marking a 36.7% increase compared to the same period in 2025. This growth was primarily driven by exports of metals and minerals, which constituted 41% of the total, followed by agri-food products at 16.9%.
In parallel, Canada’s imports from India reached CA$7.05 billion, reflecting a 10.2% rise year-on-year. The previous year, Canadian exports to India amounted to CA$3.9 billion, while imports from India totalled CA$9.7 billion. These figures highlight the ongoing robust trade relations between the two nations.
Beyond trade, the bilateral relationship has been bolstered by high-level discussions and business initiatives. Notably, a Canadian trade delegation comprising nearly 300 members successfully secured 34 commercial agreements valued at approximately CA$300 million. These agreements span critical sectors such as energy, minerals, and aerospace.
The two countries are also working to finalize a Comprehensive Economic Partnership Agreement (CEPA), with five rounds of negotiations completed and further discussions planned. Both nations aim to conclude the agreement by December, potentially enhancing trade, investment, and cooperation in various sectors.
Prime Minister Modi’s upcoming visit follows discussions with his Canadian counterpart, Prime Minister Mark Carney, focusing on strengthening bilateral relations. Officials from both countries are actively engaged in expanding trade and investment opportunities, as well as in fostering cooperation in areas such as mobility and other key sectors.