Exports rose 5.2 percent month-over-month to USD 20.75 billion while imports increased at a slower 5.2 percent to USD 20 billion.
Year-on-year, exports fell 4.9 percent in May and imports shrank 4.8 percent.
Considering the first five months of 2014, the country’s trade deficit narrowed to USD 4.9 billion from USD 5.4 billion in the same period last year, as exports rose slightly by 3.6 percent and imports increased 3.9 percent. Sales of soybean expanded 22 percent year-on-year to USD 12.6 billion.