New Delhi, Aug 14 (PTI) Snapping the two-month declining streak, India’s exports rebounded by 7.29 per cent to USD 37.24 billion in July, while trade deficit widened to an eight-month high of USD 27.35 billion during the month.
Official data released on Thursday also showed that imports increased by 8.6 per cent year-on-year to USD 64.59 billion in July 2025 due to increased inbound shipments of crude oil and gold.
Trade deficit widened to USD 27.35 billion in July, the highest since November last year when the trade gap was USD 31.77 billion.
During April-July 2025-26, exports increased by 3.07 per cent to USD 149.2 billion, while imports rose 5.36 per cent to USD 244.01 billion.
The trade deficit during the first four months of 2025-26 was USD 94.81 billion.
Briefing media on the data, Commerce Secretary Sunil Barthwal said that despite global economic uncertainties, India’s goods and services exports are doing well.
Exports have grown substantially, much higher than the global exports growth, he said.
He also said that the export promotion mission will also be announced “very soon”.
The main sectors that pushed the growth in July included engineering (13.75 per cent to USD 10.42 billion), electronics (34 per cent to USD 3.76 billion), gems and jewellery (29 per cent to USD 2.4 billion), pharma (14 per cent to USD 2.7 billion) and chemicals (7.19 per cent to USD 2.46 billion).
Petroleum exports, however, dipped by 25 per cent to USD 4.34 billion due to fall in global oil prices.
At the import front, crude oil imports rose by 7.46 per cent to USD 15.57 billion. Similarly, gold imports increased by 13.83 per cent year-on-year to USD 3.93 billion.
The data showed that the estimated value of services export for July was USD 31.03 billion as compared to USD 30.60 billion in the same month last year. The imports were estimated at USD 15.40 billion in July.
During April-July this fiscal, services exports rose to USD 128.43 billion as compared to USD 119.07 billion in April-July 2024. PTI RR CS HVA
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.