Even as the two countries await the conclusion of the Comprehensive Economic Partnership Agreement (CEPA), merchandise trade between Canada and India has already increased by double digits between January and August this year.
Canadian metals and minerals exports to India topped the list, comprising 41 per cent of those exports, followed by agri-food at 16.9 per cent. Canada’s merchandise imports from India over the same period totalled CA$ 7.05 billion, up 10.2 per cent year-over-year. In 2025, Canadian merchandise exports to India totalled CA$3.9 billion, and imports amounted to CA$9.7 billion.
Citing data from Statistics Canada, the Asia-Pacific Foundation of Canada pointed out that goods trade is “already humming along”, with Canada’s merchandise exports to India from January to August 2026 amounting to CA$ 3.03 billion, up 36.7 per cent year-over-year. “That jump is the sixth-largest among Canada’s 27 “principal trading partners” as defined by Statistics Canada,” it noted.
