India's exports declined by 4.16 per cent year-on-year in May this year to 25.68 billion US Dollars, mainly due to demand slowdown in the western markets. In May 2011, the exports stood at 26.79 billion dollars.According to data released by the Commerce Ministry today, during April-May 2012-13, the country's shipments have also reduced by 0.69 per cent to 50.13 billion US dollars from 50.48 billion US Dollars in the same period last year. Imports too dipped by 7.36 per cent in May. It come down to 41.94 billion US dollars, leaving a trade deficit of 16.26 billion dollars. The data shows that during the first two months of the current fiscal, imports contracted by 2.42 per cent to 79.88 billion dollars from 81.87 billion dollars. Trade deficit during the period declined to 29.75 billion dollars, from 31.38 billion dollars in April-May 2011.While oil imports in May grew by 14.02 per cent to 14.98 billion dollars, non-oil imports declined by 16.11 per cent to 26.95 billion dollars. During April-May 2012, oil imports rose by 10.51 per cent to 28.89 billion dollars from 26.14 billion dollars in the corresponding period last year. However, non-oil imports declined by 8.49 per cent to 50.99 billion dollars.