France Trade Deficit Narrows in March

Customs office data shows French trade deficit narrowed to €4.69 billion in March of 2013 from a revised € 5.64 billion deficit in February, mainly boosted by rising exports.

In March, French trade deficit narrowed to its lowest level in 8 months. Exports increased to € 36.2 billion, after declining in the last two months. Shipments of airbus and transport equipment climbed, and sales of intermediate goods and agricultural products remained strong. In contrast, pharmaceutical exports declined.
Shipments to other member states of the European Union contracted again in March.
Imports amounted to € 40.9 billion, down from €41.38 billion in the previous month, and mainly due to a decline in imports of manufactured goods. 
Imports from the EU (Germany, Belgium and Netherlands) declined again. 

Ministry of Finance | Joana Taborda |
5/7/2013 3:14:22 PM