May's trade deficit was $16.3 billion, while oil imports rose 14.02 per cent year-on-year to $14.99 billion, data showed.
Exports from April to May were at $50.14 billion.
Indian exports increased by more than 20 per cent to $303.7 billion in the last fiscal year. But a slowdown in major export destinations hit by financial turbulence especially in Europe has slashed demand for Indian goods, officials say.
Copyright: Thomson Reuters 2012