French Trade Deficit Narrows in November


French trade gap decreased to €4.63 billion in November of 2015, as compared to a downwardly revised €4.87 billion deficit recorded in the preceding month but below market expectations, as exports rose more than imports.

In November, exports increased by 3.0 percent to €38.42 billion from a month earlier. Outbond shipments gained for: natural hydrocarbons (+8.7 percent), automotive products (+6.9 percent), agriculture products (+12.6 percent), computer, electronics & optical (+3.1 percent), metalurgical and metal products (+1.5 percent), textiles (+3.4 percent), rubber products, plastics, various minerals (+3.7 percent), wood, paper & cardboard (+4.6 percent), perfumes, cosmetics, cleaning products (+2.4 percent), works of arts, technical documentation, publishing products  (+4.1 percent), electrical & household equipments (+4.4 percent), perfumes, cosmetics, jewelry  (+2.4 percent) and pharmaceuticals (+2.3 percent). In contrast, outbond shipments fell for: refined oil (-8.4 percent); ships, trains, bikes (-8.7 percent) and aerospace industry products (-0.5 percent).

Sales rose to America (+4.4 percent), Africa (+7.7 percent) and the EU countries (+7.0 percent). In contrast, exports dropped to Asia (-5.5 percent), the Middle East countries (-19.5 percent) and the European countries outside EU (-1.4 percent).

Imports grew by 2.0 percent to €43.05 billion as compared to the previous month. Purchases rose for: automotive products (+0.1 percent), textiles (+0.7 percent), rubber products, plastics, various minerals (+0.8 percent), wood, paper & cardboard (+1.3 percent), perfumes, cosmetics, jewelry (+8.8 percent), pharmaceuticals (+19.8 percent), aerospace industry products (+28.4 percent) and chemicals (+4.5 percent).  In contrast, inbound shipments fell for: natural hydrocarbons (-6.1 percent), refined oils (-15.2 percent), computer, electronics & optical (-3.0 percent) and metalurgical and metal products (-1.2 percent).

French Trade Deficit Narrows in November


Ministère de l'Économie et des Finances | Rida Husna | rida@tradingeconomics.com
1/8/2016 1:17:15 PM