French Trade Deficit Widens in March


French trade gap increased to €4.58 billion in March of 2015 from a revised €3.62 billion deficit recorded in the preceding month, as imports grew more than exports.

Exports increased by 0.86 percent to € 37.60 billion in March of 2015 as compared to a month earlier. Sales rose for: refined oils (+59.8 percent); electrical and household equipments (+5.8 percent); metallurgical and metal products (+5.6 percent); pharmaceuticals (+5.2 percent); jewelry, toys and furniture (+4.2 percent); automotive products (+3.9 percent); textiles & leather (+2.7 percent); computers, electronics & optical (+2.2 percent); wood, paper and cardboard (+1.9 percent); chemical products (+0.9 percent) and rubber products, plastics, various minerals (+0.5 percent). In contrast, sales declined for: aircraft industry (-16.1 percent); ships, trains and bikes (-4.7 percent); natural hydrocarbons (-2.5 percent) and perfumes, cosmetics, cleaning products (-0.4 percent).

Shipments increased to the Middle East countries (+22.9 percent), the Asia countries (+5.4 percent), Africa (+3.4 percent) and the EU countries (+0.4 percent). In contrast, sales declined to American countries (-4.4 percent) and the European outside the EU countries (-8.4 percent).

Imports rose by 3.11 percent to € 42.17 billion as compared to the previous month. Purchases increased  the most for refined oils (+34.4 percent), followed by natural hydrocarbons (+32.5 percent); industrial and agriculture machinery (+5.0 percent); textiles & leather (+4.2 percent); rubber products, plastics, various minerals (+3.8 percent); wood, paper, cardboard (+3.4 percent); metallurgical and metal products (+3.7 percent); automotive products (+3.6 percent); jewelry, toys and furniture (+2.4 percent); works of arts, technical documentation, publishing products (+1.8 percent) and perfumes, cosmetics, cleaning products (+1.7 percent). 

Purchases increased from all of the country's trading partners. Those from the Middle East countries rose the most by 27.2 percent, followed by Africa (+18.0 percent), the Asian countries (+4.8 percent), the American countries (+2.7 percent), the EU countries (+1.6 percent) and the European outside the EU countries (+9.9 percent).

In March 2014, French posted a € 4.95 billion trade gap.

From January to March 2015, the country recorded a €11.90 billion trade deficit as compared to a €14.47 billion gap in the preceding year.

French Trade Deficit Widens in March


Ministere de I'Economie et des Finances l Rida Husna l rida@tradingeconomics.com
5/7/2015 8:43:43 AM