Canada-India Trade 2026: The Definitive Outlook

Future-proof your operations with expert guidance on the new era of Canada-India trade relations and supply chain resilience.

$9.4 b

Bilateral Trade Value

Petroleum crude oil

Top Traded Products

CUSMA (USMCA)

Active Trade Agreements

~9.70%

Annual Growth Rate

Canada-India Trade Intelligence: Market Data & Insights

AI Insight

Canada-India trade demonstrates a resilient 9.7% growth rate, stabilizing at $9.36 billion in 2024 after a 2022 peak. India maintains a trade deficit, importing $5.6 billion in resources like petroleum crude and diamonds from Canada. Conversely, India exports $3.7 billion in value-added goods, led by pharmaceuticals ($510M) and electronics. This partnership highlights a strategic exchange where Canada provides essential commodities and energy, while India supplies critical manufactured goods and medicaments to the Canadian market.

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Complete 5-Year Trade Overview

AI Insight

Total trade between Canada and India peaked in 2022 at over $10.5 billion. Although there was a decline in 2023, the market stabilized in 2024 at approximately $9.36 billion. This represents a substantial increase from the 2020 low of $6.46 billion, indicating a strong long-term growth trajectory.

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Import & Export Breakdown

AI Insight

India consistently imports more from Canada than it exports. Imports peaked in 2022 at $6.4 billion, while exports reached $4.1 billion in the same year. By 2024, trade levels remained robust with $5.6 billion in imports and $3.7 billion in exports, reflecting a stable bilateral exchange.

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Map global trade flows with total precision. Leverage granular Canada–India data to identify high-potential sourcing routes and resilient supply chains.

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What Canada Buys from India

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The bilateral trade between Canada and India exhibits a positive growth rate of 9.7%. This steady expansion underscores the strengthening economic ties and increasing market integration between the two nations over the analyzed period.

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What India Buys from Canada

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Canada's exports to India are led by petroleum crude oil ($977M) and rough diamonds ($917M). Agricultural and industrial commodities also play a vital role, with green peas and coal contributing significantly to the trade volume in 2024.

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Annual Growth Trends

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9.7%Annual Growth

AI Insight

India's export portfolio to Canada is highly diversified. Medicaments lead at $510 million, followed by electronics (iPhone 11) and jewelry. This mix of pharmaceuticals, consumer goods, and seafood highlights India's broad manufacturing and processing capabilities.

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Canada-India Trade Regulations Explained

List of Trade requirements for Canada

Before Shipment

1. Register for a Business Number (BN). 2. Obtain specific Import Permits for regulated goods. 3. Verify HS Code classification. 4. Ensure Wood Packaging Material (ISPM 15) compliance. 5. Check for Special Import Measures Act (SIMA) duties.

Documentation Required

1. Canada Customs Invoice or commercial invoice. 2. Bill of Lading. 3. Cargo Control Document (CCD). 4. Certificate of Origin for FTA benefits. 5. Import Permit if applicable for restricted items.

List of Trade requirements for India

Before Shipment

1. Obtain an Import Export Code (IEC). 2. Register with relevant Export Promotion Councils. 3. Ensure mandatory BIS certification for regulated products. 4. Verify FSSAI compliance for food items. 5. Apply for Advance Authorization permits.

Documentation Required

1. Bill of Entry. 2. Commercial Invoice. 3. Detailed Packing List. 4. Bill of Lading or Airway Bill. 5. Certificate of Origin for preferential tariff claims.

Eliminate the risk of port delays and unexpected penalties. Access comprehensive Canada-India documentation standards and compliance frameworks to get your shipment right the first time, every time.

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Canada-India FTA Opportunities

Don’t let complex trade agreements eat into your profits. Navigate Canada-India FTAs with ease, confirm your eligibility, and ensure you’re paying the lowest possible duty rates.

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CUSMA (USMCA)
CETA (Canada-EU)
CPTPP
Canada-UK TCA
Canada-Korea FTA
India-UAE CEPA
India-Australia ECTA
India-ASEAN AITIGA
India-Korea CEPA
India-Japan CEPA

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Tariff & Duty Monitoring

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Regulatory Compliance

Eliminate customs friction. Access automated, country-specific checklists and certification requirements to ensure your shipments are audit-ready and cleared without delay.

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