<h1>India's July 2023 Trade Deficit Shrinks 45.22% as Exports and Imports Decline; Services Exports Grow 7.56.</h1> India's exports in July 2023 were estimated at USD 59.43 billion, reflecting a 5.06% decline from July 2022, while imports fell by 12.92% to USD 67.77 billion. The trade deficit improved significantly by 45.22% to USD 8.35 billion compared to July 2022. Notable export growth was seen in sectors like iron ore, electronic goods, and agricultural products. However, merchandise exports and imports both showed negative growth for the period April-July 2023. The overall trade deficit for April-July 2023 decreased by 39.52% to USD 28.26 billion, with the services sector showing a positive export growth of 7.56%.