French Trade Deficit Widens in July

In July, France's trade deficit widened to €5.11 billion from an upward revised gap of €4.48 billion in June. Imports rose 2.7 percent from a month earlier while exports increased 1.3 percent.

In July, French exports fell by 2.4 percent yoy to €36.5 billion, driven by lower sales of motor vehicles and less shipments from the space and rail industries. Sales of agricultural products continue to crumble. Increases were registered in airbus and business aircraft exports, energy products such as electricity and refined petroleum, chemicals, electronic equipment and military equipment.

Exports to the European Union fell due to lower shipments of motor vehicles while sales to America, Asia and Africa increased.

Imports amounted to €41.6 billion as energy purchases rose sharply. Purchases of manufactured goods also increased in part due to strong imports of chemicals and clothing. Purchases of agricultural products continue to rise.

French Trade Deficit Widens in July

Nuno Fontes |
9/6/2013 9:56:11 AM