Mexico‑Canada Trade Surges Over 18% in First Eight Months of 2026
Bilateral merchandise trade between Mexico and Canada rose 18.3% year‑over‑year through August, reaching C$34.42 billion.
Trade between Mexico and Canada jumped more than 18% in the first eight months of 2026 compared with the same period a year earlier, according to Statistics Canada.
The two‑way merchandise flow reached C$34.42 billion (US $24.6 billion), marking an 18.3% increase year‑over‑year.
Mexico’s exports to Canada totaled C$26.91 billion, up 17.4% from the prior year, while Canadian exports to Mexico amounted to C$7.51 billion, a rise of 21.4%.
These figures left Mexico with a trade surplus of C$19.41 billion for the January‑August period.
Key product categories exchanged include vehicles and auto parts, electrical and electronic equipment, industrial machinery, agricultural goods and metal.
The surge comes as both nations navigate trade frictions with the United States, their largest trading partner. In July, the Trump administration announced it would not renew the USMCA for an additional 16 years, though the pact remains in effect.
Despite U.S. tariffs on Mexican steel, aluminum and vehicles, Mexico’s exports to the United States grew 18.3% in the same timeframe, reaching a record US $419.34 billion, according to U.S. government data.
President Claudia Sheinbaum and Prime Minister Mark Carney have emphasized deeper cooperation, launching the Mexico‑Canada Action Plan 2025‑28 in September 2025, which targets trade facilitation, investment promotion, policy coordination, innovation and sustainable mining.
The leaders have met in person at least three times and spoken by telephone on several occasions, underscoring the importance of a swift renewal of the USMCA to provide certainty for North American businesses and workers.
Continued collaboration between Mexico and Canada may help offset broader North American trade uncertainties.
