French Trade Deficit Narrows in December


French trade gap decreased to €3.94 billion in Dember of 2015, as compared to a downwardly revised €4.53 billion deficit recorded in the preceding month and above market expectations, as imports fell more than exports.

In December, exports declined by 0.9 percent to €38.05 billion from a month earlier. Lower sales were recorded for: chemicals (-2.0 percent), agriculture products (-1.6 percent), electrical & household equipments (-0.3 percent); perfumes, cosmetics, cleaning products (-1.6 percent), works of arts, technical documentation, publishing products (-7.0 percent); wood, paper & cardboard (+4.6 percent); metallurgical and metal products (-1.5 percent); rubber products, plastics, various minerals (-1.7 percent), computer, electronics & optical  (-3.0 percent), natural hydrocarbons (-7.9 percent) and  automotive products (-3.6 percent). In contrast, outbond shipments rose for: aerospace industry products (+2.0 percent); pharmaceuticals (+8.6 percent), industrial and agriculture machinery (+0.9 percent); texiiles, leather (+0.8 percent); ships, trains bikes (+28.7 percent) and refined oil (+3.7 percent).

Sales fell to the EU countries (-2.6 percent), the European countries outside EU (-4.5 percent) and the Middle East (-7.9 percent). In contrast, outbond shipments rose to America (+2.4 percent), Africa (+1.0 percent), Asia (+2.5 percent) and other countries (+107 percent). 

Imports dropped by 2.2 percent to €41.99 billion as compared to the previous month. Inbound shipments fell for: aerospace industry products (-18.3 percent), chemicals (-5.9 percent); perfumes, cosmetics, cleaning products (-5.8 percent), works of arts, technical documentation, publishing products  (-6.6 percent); wood, paper, cardboard (-1.1 percent) and metalurgical & metal products (-0.7 percent). In contrast, purchases rose for: pharmaceuticals (+7.0 percent), industrial and agriculture machinery (+0.4 percent); textiles, leather (+1.1 percent) and rubber products, plastics, various minerals (+0.2 percent). 

For full year of 2015, trade deficit was recorded at €45.7 billion, narrowing from a €58.3 billion gap a year earlier.

French Trade Deficit Narrows in December


Rida | rida@tradingeconomics.com
2/5/2016 9:11:06 AM