France Trade Gap Narrows To 6-Month Low In December


France recorded a trade gap of EUR 3.42 billion in December of 2016, compared to a EUR 4.37 billion deficit in November and below markets expectations of a EUR 4.20 billion shortfall. It was the smallest deficit since June, as exports rose 4.0 percent to EUR 40.42 billion while imports rose 1.4 percent to EUR 43.85 billion.

In December, sales went up for: aerospace industry products (37.7 percent), chemicals (1.3 percent), industrial & agriculture machinery (0.1 percent), electrical and household equipments (0.9 percent), automotive products (0.1 percent), metallurgical and metal products (0.2 percent) and refined oil (23.3 percent). In contrast, outbound shipments fell for: ships, train, bikes (-60.4 percent), natural hydrocarbons (-4.4 percent); works of arts, technical documentation, publishing products (-0.1 percent);  perfumes, cosmetics, cleaning products (-0.1 percent); wood, paper and cardboard (-2.9 percent); jewelry, toys, furniture (-4.7 percent), rubber products, plastics, various minerals (-4.1 percent), pharmaceuticals (-1.9 percent) and agricultural products (-1.8 percent).

Sales were higher to Asia (37.8 percent), the Middle-East countries (41.8 percent), the European countries outside EU (8.5 percent) and Africa (4.6 percent). In contrast, sales declined to America (-5.2 percent) and the EU countries (-1.3 percent).

Imports rose for: aerospace industry products (14.3 percent), perfumes, cosmetics, cleaning products (0.4 percent), automotive products (0.8 percent), pharmaceuticals (1.7 percent), metallurgical and metal products (3.0 percent), refined oil (19.3 percent) and agricultural products (9.8 percent). In contrast, purchases declined for: natural hydrocarbons (-5.1 percent), chemicals (-2.0 percent), industrial & agricultural machinery (-1.1 percent), electrical & household equipment (-0.2 percent); works of arts, technical documentation, publishing products (-5.0 percent); wood, paper, cardboard (-0.5 percent); textiles, leather (-0.1 percent); jewelry, toys, furniture (-1.7 percent); rubber products, plastics , various minerals (-1.5 percent) and ships, trains, bikes (-2.1 percent).

France Trade Gap Narrows To 6-Month Low In December


Ministère de l'Économie et des Finances | Rida Husna | rida@tradingeconomics.com
2/7/2017 11:54:51 AM