As a result of 2024, the volume of bilateral trade in goods between Ukraine and Canada decreased by 12.8% and amounted to almost $369,5 million USD. Ukrainian exports increased by 55,4% to $152,1 million USD, imports decreased by 33,3% to $217.4 million USD. Negative trade balance for Ukraine - $65.2 million USD.

Structure of Ukrainian exports to Canada in 2024: inorganic chemical products (51.5%), fats and oils (13.5%), processed vegetable products (10.2%), non-precious metals (4.9%), meat and edible co-products (2%), equipment (2%), furniture (1.9%).

Structure of Canadian imports in 2024: equipment (17.9%), land transport (15.8%), fish and crustaceans (11.1%), mineral fuels, oil (10.3%), pharmaceutical products (7.2%).

In 2024, in terms of the volume of foreign trade in goods with the countries of the American continent, Canada ranked 2nd after the USA trading partner of Ukraine with a share of 6.2% (0.33% of the total volume of Ukraine's trade with all countries of the world).

For 5 months of 2025, the volume of bilateral trade in goods between Ukraine and Canada decreased by 13.7% and amounted to $133.9 million USD. Exports decreased by 29.6% to $55.7 million, imports increased by 2.8% to $78.2 million. The negative balance for Ukraine is $22.5 million USD.

The structure of Ukrainian exports for 5 months of 2025: inorganic chemical products (48.8%), base metals (13.8%), fats and oils (9.7%), meat and offal (6.2%), furniture (1.9%).

The structure of Canadian imports for 5 months of 2025: vehicles (26.7%), equipment (17.7%), fish and crustaceans (15.3%); mineral fuels (10.1%), pharmaceutical products (4.9%).

According to the National Bank of Ukraine, as of March 31, 2024, Canada invested $56.1 million in direct investment in the Ukrainian economy.

On July 1, 2024, the modernized Free Trade Agreement between Ukraine and Canada entered into force. The agreement maintains the conditions for access to goods markets provided for in the 2017 Ukraine-Canada Free Trade Agreement and has been supplemented with new and updated chapters, in particular on investment, cross-border trade in services, temporary entry for business people, financial services, digital trade, rules for cumulation of origin of goods with joint FTA partners, trade and gender issues, and, for the first time, a chapter on trade and indigenous peoples.