Data from the Customs Department showed that in July alone, shipments to Canada raked in US$892.5 million, up 8.05% from June and 12.9% compared to the same period in 2025.

The strong seven-month performance highlights positive momentum for Vietnamese goods in North American markets amid stable Canadian consumer and import demand.

The growth driver during the seven-month period was led by machinery, equipment, tools, and spare parts, which generated US$733.3 million (up 54.92% year-on-year), followed by computers, electronic products, and components at US$715.18 million (up 44.52%). Other commodity groups reached US$696.91 million (up 46.48%), with notable surges in chemicals (up 135.09%) and cashew nuts (up 54.09%).

Conversely, several commodity groups saw declines, including coffee (down 45.7% to US$21.05 million), handbags, wallets, suitcases, hats, and umbrellas (down 14.64%), cameras, camcorders, and components (down 13.08%), alongside a minor 1.22% dip in textiles and garments.

The robust expansion in industrial and technological sectors indicates a positive structural shift in Vietnam’s export basket toward higher value-added and tech-intensive goods. This momentum is bolstered by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), in effect since January 2019, which has reduced tariffs and facilitated market access.

Furthermore, Canada’s strategy to diversify supply chains and its rising demand for electronics and digital transformation equipment present further opportunities for Vietnamese enterprises.

Given the performance in the seven months through July, Vietnam’s exports to Canada are expected to maintain growth through late 2026, aiming for a full-year target of US$8.5-9 billion. Electronics and machinery will remain key catalysts during the year-end shopping and production season.

To sustain market share and expand further across North America, Vietnamese exporters are advised to diversify products, enhance value addition, and proactively comply with increasingly stringent market requirements, particularly trade defence measures, rules of origin, and Environmental, Social, and Governance (ESG) standards.

In 2025, bilateral trade reached US$8.6 billion, up 18.8%. Vietnam’s exports to Canada crossed the US$7.5 billion threshold for the first time (up 18.2%), while imports from Canada topped US$1 billion (up 23.7%).

Vietnam currently ranks as Canada’s 7th largest import partner globally and holds the top position within ASEAN, accounting for 43.6% of Canada’s total imports from the region.

Green transition opens new avenues for Vietnam-Canada cooperation

VOV.VN - The Vietnam-Canada Business Forum 2026, held in Toronto on June 8 as part of the third meeting of the Vietnam-Canada Joint Economic Committee, explored new drivers for bilateral trade, investment and supply chain cooperation, with green transition emerging as a key area of interest.