Egypt's trade balance deficit reached LE10.56 billion ($1.5 billion) in April 2014, state-run statistical body CAPMAS reported on Wednesday.
The figure represents a 51.9 percent drop compared to the same month in 2013, when the deficit stood at LE21.94 billion ($3.1 billion).
The value of Egypt's exports in April 2014 also declined 12.1 percent from the previous year, recording LE16.56 billion ($2.3 billion).
Among the main products to suffer a drop in exports, according to CAPMAS, were petroleum products, oranges and ready-made clothes.
On the other hand, the value of imports also shrank by 33.5 percent to reach LE27.12 billion ($3.8 billion), compared to LE40.79 billion ($5.7 billion) in April of the previous year.
Imports included wheat, iron, petroleum products and corn.
In March, the trade deficit fell a mere 7.9 percent to reach LE20.5 billion ($2.9 billion) as compared to the same period a year earlier. Exports dropped 5.5 percent to LE18.03 billion on fewer shipments of crude oil, ready-made clothes and oranges.
Imports for March declined 6.6 percent for the same period to LE38.53 billion on lower imports of petroleum products, iron and pharmaceuticals.