France Trade Deficit Widens Slightly in January


France trade gap stood at EUR3.71 billion in January of 2016 from a downwardly revised EUR3.68 billion in the preceding month but better than market expectations, as exports rose slightly less than imports.

In January, exports increased by 0.5 percent to EUR38.31 billion. Outbound shipments gained for: works of arts (+290.8 percent); chemicals (+2.6 percent); industrial & agriculture machinery (+1.7 percent); rubber products (+0.9 percent); wood, paper (+1.2 percent); agriculture products (+1.8 percent) and perfumes, cosmetics  (+0.8 percent). In contrast, exports fell for: natural hydrocarbons (-10.4 percent), refined oil (-20.0 percent), pharmaceuticals (-10.9 percent); ships, trains, bikes (-16.2 percent) and automotive products (-2.4 percent).

While sales rose to the European countries outside EU (+47.2 percent), sales declined to America (-6.8 percent), Africa (-2.8 percent), Asia (-1.6 percent), the EU countries (-0.6 percent) and the Middle East countries (-7.1 percent).

Imports grew by 0.6 percent to EUR42.02 billion.Purchases rose for: chemicals (+10.6 percent), aerospace industry products (+2.7 percent), automotive products (+1.8 percent); jewelry, toys, furniture (+3.9 percent); agriculture products (+6.2 percent) and works of arts (+1.1 percent). In contrast, inbound shipments fell for: natural hydrocarbons (-10.6 percent), refined oil (-17.8 percent) and pharmaceuticals (-14.4 percent).

France Trade Deficit Widens Slightly in January


Ministère de l'Économie et des Finances l Rida Husna | rida@tradingeconomics.com
3/8/2016 9:23:05 AM