France Trade Deficit Widens Slightly in January

France trade gap stood at EUR3.71 billion in January of 2016 from a downwardly revised EUR3.68 billion in the preceding month but better than market expectations, as exports rose slightly less than imports.
Ministère de l'Économie et des Finances l Rida Husna | rida@tradingeconomics.com 3/8/2016 9:23:05 AM
In January, exports increased by 0.5 percent to EUR38.31 billion. Outbound shipments gained for: works of arts (+290.8 percent); chemicals (+2.6 percent); industrial & agriculture machinery (+1.7 percent); rubber products (+0.9 percent); wood, paper (+1.2 percent); agriculture products (+1.8 percent) and perfumes, cosmetics  (+0.8 percent). In contrast, exports fell for: natural hydrocarbons (-10.4 percent), refined oil (-20.0 percent), pharmaceuticals (-10.9 percent); ships, trains, bikes (-16.2 percent) and automotive products (-2.4 percent).

While sales rose to the European countries outside EU (+47.2 percent), sales declined to America (-6.8 percent), Africa (-2.8 percent), Asia (-1.6 percent), the EU countries (-0.6 percent) and the Middle East countries (-7.1 percent).

Imports grew by 0.6 percent to EUR42.02 billion.Purchases rose for: chemicals (+10.6 percent), aerospace industry products (+2.7 percent), automotive products (+1.8 percent); jewelry, toys, furniture (+3.9 percent); agriculture products (+6.2 percent) and works of arts (+1.1 percent). In contrast, inbound shipments fell for: natural hydrocarbons (-10.6 percent), refined oil (-17.8 percent) and pharmaceuticals (-14.4 percent).

France Trade Deficit Widens Slightly in January