Mexico-Canada Trade Rises 16.7% Through August After Joint Action Plan

Mexico City — Merchandise trade between Mexico and Canada totaled $26,208 million from January to August 2026, a 16.7% increase compared with the same period a year earlier, according to Statistics Canada, the Canadian government’s statistics agency.

The growth comes after President Claudia Sheinbaum and Prime Minister Mark Carney signed the Mexico-Canada Action Plan 2025-2028 in Mexico City in September 2025, a roadmap meant to strengthen prosperity, security, sustainability and mobility between the two countries.

The figures also land while Mexico, the United States and Canada review the USMCA, the trilateral trade pact known in Mexico as the T-MEC.

Exports climb on both sides of the border

Mexican exports to Canada rose 15.7% to $16,482 million, while Canadian exports to Mexico climbed 18.4% to $9,726 million, according to the agency’s data.

Under the action plan, both governments committed to building more resilient supply chains that support economic growth and respond to the demands of a fast-changing global trading environment, including in areas such as health security and biomanufacturing.

Canada also pledged to share best practices to help Mexico develop a robust foreign investment review framework, aimed at promoting economic prosperity and cooperating on North American economic security.

Energy, mining and responsible business

The plan calls for the two countries to explore collaboration on long-term infrastructure development, including energy corridors, that supports integrated bilateral trade. Both committed to holding strategic government-industry dialogues covering energy infrastructure, renewable energy, clean hydrogen and carbon capture, utilization and storage, and to organizing a study visit to explore deeper cooperation and the reciprocal exchange of expertise.

Canada and Mexico will also work together to promote sustainable mining development, with the goal of producing the mineral resources needed to support the green transition and future sustainable technologies.

Both countries recognized the importance of responsible business conduct and agreed to work with relevant stakeholders to develop, adopt, promote, strengthen and implement policies that foster a responsible business environment while encouraging inclusive trade and sustainable growth. Particular attention will go to sectors driving the green transition, the circular economy and the development of future-oriented technologies.

Signed on September 18, 2025, the Mexico-Canada Action Plan 2025-2028 serves as the strategic roadmap for the countries’ comprehensive partnership. It is organized around economic prosperity, inclusive mobility, security and sustainability, with the aim of consolidating supply chains and driving sustainable bilateral growth.