(Corrects paragraph 1 of June 15 story to clarify import bill, not volume, rose)
NEW DELHI (Reuters) - India's merchandise exports in May rose 20.2 percent year-on-year, the trade ministry said on Friday, but the trade deficit widened to $14.62 billion, driven mainly by a 50 percent surge in its oil import bill, on higher global prices.
In April trade deficit stood at $13.72 billion.
Merchandise exports last month rose to $28.86 billion from a year ago, while imports rose 14.85 percent on year to $43.48 billion, the Ministry of Commerce and Industry said in a statement.
India's gold imports fell 29.85 percent year-on-year to $3.48 billion in May from a year ago, the statement said.
(Reporting by Manoj Kumar; Editing by Malini Menon)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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