India's trade deficit widened to four-month high of USD 14.62 billion in May as imports surged nearly 15 per cent, the government said today. Commerce Minister Suresh Prabhu said exports in May rose by 28.18 per cent to USD 28.86 billion while imports were up 14.85 per cent to USD 43.48 billion. Trade deficit widened to USD 14.62 billion from USD 13.84 billion in May 2017. Oil imports were up 49.46 per cent to USD 11.5 billion on back of surge in international crude prices. An SBI report released last week said that\u00a0India should try to tap sectors such as pharmaceuticals and agriculture\u00a0\u2014 particularly in commodities like rice \u2014 in the Chinese market with an aim to bridge the widening trade gap.\u00a0Once India is able to tap those (agriculture and pharma) markets and increase its exports, the trade deficit will be quite balanced. In FY17, India\u2019s trade deficit with China expanded to $51.11 billion from $38.72 billion in FY13. In addition, data showed that the trade deficit further widened to $62.94 billion in FY18. While India is looking to export more, China is looking to import more.\u00a0Amid fears of trade war under the protectionist policy of US President Donald Trump, China is planning to hold its first\u00a0import-only fair later this year. Through this fair, the dragon is projecting the Chinese market as a \u201chistoric opportunity for enterprises\u201d to tap the\u00a0enormous potential for the growth of consumption and import.\u00a0China expects businesses from over 100 countries \u2014 including India. Last month, India made a great stride towards pushing India\u2019s pharma products in China as the dragon removed\u00a0import duties on as many as 28 medicines, including all cancer drugs, from May 1.