France Trade Gap Narrows to 3-Month Low in November


France recorded a trade gap of EUR 4.40 billion in November of 2016, compared to marginally revised EUR 5.15 billion in October while market s expected a EUR 4.90 billion shortfall. It was the smallest deficit since August, as exports rose 5.3 percent to EUR 38.81 billion while imports went up 2.8 percent to EUR 43.19 billion.

In November, sales went up for most categories: ships, trains, bikes (+187.2 percent), aerospace industry products (+21.7 percent), agriculture products (+6.9 percent), electrical and household equipments (+4.3 percent); works of arts, technical documentation, publishing products (+1.2 percent); perfumes, cosmetics, cleaning products (+2.5 percent), metallurgical and metal products (+2.2 percent), wood, paper and cardboard (+3.1 percent); computers, electronic & optical (+2.8 percent); textiles, leather (+0.1 percent), chemicals (+3.8 percent); rubber products, plastics, various minerals (1.6 percent); jewelry, toys, furniture (+3.8 percent), refined oil (+1.8 percent) and natural hydrocarbons (+8.7 percent). In contrast, outbound shipments fell for industrial & agriculture machinery (-0.1 percent). 

Sales were higher to America (+15.0 percent), the EU countries (+4.4 percent), Asia (+4.3 percent) and the Middle-East countries (+1.9 percent). In contrast, exports declined to Africa (-4.5 percent) and the European countries outside EU (-4.0 percent). 

Imports rose for: ships, trains, bikes (+3.3 percent), aerospace industry products (+0.8 percent), electrical and household equipments (+0.2 percent); perfumes, cosmetics, cleaning products (+1.5 percent), metallurgical and metal products (+1.6 percent), wood, paper and cardboard (+2.2 percent); computers, electronic & optical (+2.2 percent); textiles, leather (+0.9 percent), chemicals (+5.3 percent); rubber products, plastics, various minerals (+3.2 percent); jewelry, toys, furniture (+6.4 percent), refined oil (+15.7 percent), automotive products (+3.8 percent) and natural hydrocarbons (+17.1 percent). In contrast, imports fell for: agriculture products (-3.8 percent); works of arts, technical documentation, publishing products (-17.2 percent) and pharmaceuticals (-0.9 percent).

France Trade Gap Narrows to 3-Month Low in November


Ministère de l'Économie et des Finances l Rida Husna | rida@tradingeconomics.com
1/6/2017 8:59:01 AM