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.

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.

The main sectors that pushed the growth include engineering, electronics, gems and jewellery, pharma and chemicals. PTI RR RR MR

Trade deficit widens as exports rebound, signalling an import-driven gap despite gains in engineering and pharma exports. India's exports rebounded in July while imports rose faster, causing a widening trade deficit. July saw year-on-year export growth reversing a prior decline, but higher imports produced the largest monthly gap since late last year. Cumulative April-July data show both exports and imports up, and the first four months of the fiscal period recorded an expanded trade deficit. Key export drivers included engineering, electronics, gems and jewellery, pharmaceuticals and chemicals, with official commentary stressing export resilience amid global uncertainty.