Business India's exports rise by 20% in May; high oil prices widens deficit Updated : June 16, 2018 04:24 PM IST As per the data, the country's imports during the month under review rose by 14.85 percent to $43.48 billion in May 2018 from $37.86 billion in the like period of 2017. Segment-wise, oil imports during May 2018 jumped by 49.46 percent to $11.50 billion from $7.69 billion imported during May 2017. Reserve Bank of India (RBI) said that the trade balance in services for April, 2018 was estimated at $6.65 billion. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.