India’s merchandise trade deficit rose to $27.35 billion in July. This exceeded economists’ forecast of $20.35 billion and was up from $18.78 billion in June, according to government data released on Thursday.

The widening gap was driven by an 8.6% increase in imports to $64.59 billion. This outpaced a 7.3% rise in exports to $37.24 billion.

From April to July, exports to the United States increased to $33.53 billion. This was up from $27.57 billion the previous year. The data release comes just days after US President Donald Trump imposed an additional 25% tariff on Indian goods. This action took the total levy to 50%, in response to Delhi’s continued purchase of Russian oil.

Cumulative exports for the first four months of the fiscal year rose 3.07% to $149.2 billion. Meanwhile, imports grew 5.36% to $244.01 billion.

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