The current account deficit narrowed to $3.94 billion in the 12 months to April from $4.54 billion during the same period last year. The bank did not say what it was as a percentage of GDP.
"With the exception of gold, all other non-traditional exports increased. Much of the increase was recorded in manufactured goods which amounted to $1.053 billion compared to $886.1 million recorded during the year ending April 2012," the Bank of Tanzania said in its latest monthly economic report.
Tanzania, with a population of around 45 million, is Africa's fourth-largest gold producer after South Africa, Ghana and Mali.
Gold exports, the country's top foreign exchange earner, totaled $1.96 billion in the year to April, down from $2.27 billion a year ago due to a decline in export volumes and prices.
Gold output fell to 37 tonnes in the year to April 2013 from 39.3 tonnes a year ago, while the price of gold on the world market declined 6.6 percent to $1,487.9 per troy ounce.
Revenues from tourism rose to $1.605 billion from $1.432 billion a year ago as the country attracted more visitors.
The country's total bill for imports of goods and services fell marginally by 0.2 percent in the 12 months through April to $12.827 billion, while the value of its exports of goods and services increased 9.1 percent to $8.398 billion.
The value of oil imports rose 2.3 percent to $3.735 billion in April, largely due to a rise in consumption volumes.
Gross official foreign exchange reserves held by the central bank rose to $4.384 billion in the year to April, or about four months of import cover, from $3.498 billion a year ago.
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