Mexico-Canada trade growth 2026, Digi Mart USA News: Bilateral trade between Mexico and Canada continued to grow during the first eight months of 2026, reaching $26.208 billion, according to figures reported by Statistics Canada, the Canadian government statistical agency. The increase of 16.7% compared with the same period last year came amid greater economic cooperation and ongoing review of the Mexico-United States-Canada Agreement (USMCA).
Mexico’s exports to Canada totaled $16.482 billion, a year-on-year increase of 15.7%. Canadian exports to Mexico reached $9.726 billion, growing 18.4% over the same period of the previous year.
The source reports that the trade balance favored Mexico by approximately $6.756 billion, calculated from the reported figures. Growth in exports in both directions drove the total value of operations.
The figures follow the signing of the Mexico-Canada Action Plan 2025-2028 in September 2025 by President Claudia Sheinbaum and Canadian Prime Minister Mark Carney. The plan covers four main areas of cooperation: economic prosperity, inclusive mobility, security and sustainability.
Among the plan’s objectives is strengthening supply chains and improving productive capacity in both countries. It also includes exchanging experiences on evaluating foreign investment to support regional economic security.
The source notes that the increase cannot be attributed exclusively to the agreement, as product demand, market conditions and industrial activity also play a role.
Future cooperation areas highlighted include energy infrastructure, such as renewable energy, clean hydrogen and carbon capture, utilization and storage technologies. Sustainable mining, linked to minerals needed for the energy transition, is also identified as a strategic sector.
For Mexican companies, the source says these areas offer collaboration possibilities with Canadian partners, though development will depend on project execution and investment conditions. Exporters may find opportunities to diversify customers and join new supply chains, while still needing to address competitiveness, trade compliance, logistics and market access.
The source concludes that, although challenges persist in the international trade environment, figures through August 2026 show increased exchanges between the two countries, strengthening Mexico’s participation in regional value chains.
