Trade Deficit Widens 3.2% in July as Imports Outpace Exports

The country's trade deficit rose 3.2% in July, driven by a 10.7% increase in imports against a 15.9% rise in exports. The widening gap suggests domestic demand is outpacing external competitiveness, though the export growth rate remains robust. The data point to continued external imbalance, which may pressure the currency and influence trade policy.