India's exports dipped for the fifth straight month in April from a year earlier by 13.96 per cent. According to the data released by the Ministry of commerce the decline was registered after steep fall in the merchandise exports by almost 14 percent. Meanwhile the growth in imports during the same month also plunged by 7.48 per cent. The data also showed the trade deficit for April 2015 was estimated at over 10,992 million dollars as oil imports declined by more than 42 per cent from a year earlier. The trade deficit for April 2014 was 10,085 million dollars. The trade balance in services for March, 2015 was estimated at 6183 Million dollars.