<h1>Trade deficit widened as merchandise imports outpaced export growth, while oil imports fell and non oil imports rose.</h1> Merchandise exports in November 2014 rose year-on-year in dollar and rupee terms, while imports grew significantly for the month and modestly cumulatively, producing a larger April-November trade deficit. Oil imports fell year-on-year for the month and cumulatively, whereas non-oil imports increased sharply in November and grew cumulatively; services trade in October 2014 showed a surplus with exports exceeding payments.