French Trade Deficit Almost Unchanged in July
French trade gap decreased slightly to € 5.5 billion in July of 2014 from a revised € 5.6 billion recorded in the previous month, as a drop in imports was enough to offset a fall in exports.
On a monthly basis, exports fell 1.4 percent to € 36.15 billion in July from € 36.7 billion in June, mainly due to lower sales of airbus, particularly to Germany, Turkey and Brazil. Shipments to China, Thailand and Australia increased while those to the United States and the European Union fell.
Imports declined 1.3 percent to € 41.7 billion in July from a revised € 42.3 billion in June, driven by lower purchases of motor vehicles and pharmaceuticals, chemicals and machinery. Imports from Africa and European countries outside the EU increased.
Year-on-year, exports rose a meager 0.2 percent in July while imports advanced 0.5 percent.
9/9/2014 9:29:37 AM