France Trade Deficit Largest in Over 2 Years


France recorded a trade gap of EUR 5.20 billion in October of 2016, compared to marginally revised EUR 4.79 billion in September. It was the largest deficit since August 2014, as exports fell 0.8 percent to EUR 36.74 billion while imports rose 0.3 percent to EUR 41.94 billion.

In October, sales declined for: aerospace industry products (-17.9 percent), natural hydrocarbons (-10.8 percent); works of arts, technical documentation, publishing products (-4.2 percent), electrical and household equipments (-3.3 percent), agriculture products (-3.0 percent) and metallurgical and metal products (-0.7 percent). In contrast, outbound shipments rose for: refined oil (+4.2 percent), automotive products (+1.4 percent); jewelry, toys, furniture (+6.7 percent), pharmaceuticals (+5.9 percent), chemicals (+1.3 percent), rubber products, plastics, various minerals (+1.6 percent) and wood, paper and cardboard (+1.5 percent).

Sales were lower to the Middle-East countries (-6.6 percent), America (-5.0 percent), Asia (-4.4 percent) and the European countries outside EU (-4.0 percent). In contrast, outbound shipments went up to the EU countries (+1.6 percent) and Africa (+2.4 percent). 

Imports rose for: perfumes, cosmetics, cleaning products (+2.5 percent); ships, trains and bikes (+1.2 percent), textiles, leather (+2.5 percent); works of arts, technical documentation, publishing products (+8.8 percent), metallurgical and metal products (+1.0 percent), natural hydrocarbons (+7.7 percent) and the aerospace industry products (+0.6 percent). In contrast, purchases fell for: refined oil (-10.8 percent), automotive products (-2.1 percent); jewelry, toys, furniture (-0.9 percent), chemicals (-0.6 percent), rubber products, plastics, various minerals (-0.2 percent), industrial & agriculture machinery (-1.5 percent) and agriculture products (-0.3 percent).

France Trade Deficit Largest in Over 2 Years


Ministère de l'Économie et des Finances l Rida Husna | rida@tradingeconomics.com
12/7/2016 10:32:43 AM