French Trade Gap Narrows in April


The French trade deficit narrowed to EUR 5.0 billion in April 2019 from an upwardly revised EUR 5.5 billion in the previous month and compared with market consensus of a EUR 4.9 billion. Exports fell 1.9 percent month-over-month and imports dropped at a faster 2.7 percent.

Exports declined 1.9 percent from a month earlier to EUR 42.3 billion in April, mainly due to lower sales of transport equipment (-4.6 percent), other industrial products (-3.1 percent), natural hydrocarbons, mining products, electricity (-12.4 percent), coke and refined petroleum products (-0.6 percent), and publishing and communication (-30.7 percent). Meanwhile, sales increased for agricultural, forestry, fishery and aquaculture products (2.9 percent), agribusiness products (0.4 percent), and mechanical, electrical, electronic and computer equipment (3.8 percent).

Among major trading partners, exports fell to the EU (-4.6 percent) and Middle East (-23 percent), but rose to America (10.1 percent), Asia (3.0 percent), and Africa (7.3 percent).

Imports dropped at a faster 2.7 percent to EUR 47.3 billion, mostly due to lower purchases of other industrial products (-2.9 percent), mechanical, electrical, electronic and computer equipment (-2.5 percent), transport equipment (-3 percent), natural hydrocarbons, mining products, electricity (-10.7 percent), and agribusiness products (-1.1 percent). In contrast, purchases advanced for coke and refined petroleum products (2.7 percent), and agricultural, forestry, fishery and aquaculture products (6.6 percent).

Among major trading partners, imports went down from the EU (-4.7 percent), America (-4.5 percent), Africa (-10.4 percent), and Middle East (-3.7 percent), but increased from Asia (5.7 percent).

French Trade Gap Narrows in April


Ministère de l'Économie et des Finances | Stefanie Moya | stefanie.moya@tradingeconomics.com
6/7/2019 7:55:07 AM