France Trade Deficit Largest in 1-1/2-Years
France trade gap stood at EUR5.18 billion in February of 2016 from an upwardly revised EUR3.91 billion in the preceding month and missing market expectations, as exports fell while imports rose.
Year-on-year, exports dropped by 0.2 percent to EUR38.13 billion. Outbound shipments declined for: works of arts (-67.4 percent); natural hydrocarbons (-8.6 percent); perfumes, cosmetics (-2.1 percent), electrical and household equipment (-1.0 percent), pharmaceuticals (-1.7 percent) and textiles, leather (-0.2 percent). In contrast, sales rose for: ships, trains, bikes (+2.5 percent), metalurgical and metal products (+2.8 percent); jewelry, toys, furniture (+4.1 percent), automotive products (+4.4 percent); wood paper, cardboard (+4.1 percent), industrial and agriculture machinery (+3.8 percent), agriculture (+1.3 percent), refined oil (+3.1 percent) and aerospace industry products (+1.6 percent).
While sales rose to the EU countries (+2.0 percent), America (+2.5 percent) and the Middle East countries (1.4 percent), exports declined to Africa (-0.3 percent), Asia (-1.1 percent), the European countries outside EU (-24.9 percent) and the Middle East countries (-7.1 percent).
Imports grew by 2.8 percent to EUR43.31 billion. Purchases rose for: metallurgical and metal products (+1.5 percent); jewelry, toys, furniture (+2.2 percent), automotive products (+3.4 percent); wood, paper and cardboard (+2.8 percent), industrial and agriculture machinery (+3.7 percent); computer, electronic & optical (+2.9 percent), agriculture (+3.8 percent); perfumes, cosmetics (+2.6 percent), electrical & household equipment (+1.5 percent), rubber products (+4.3 percent), aerospace industry products (+5.4 percent) and refined oil (+3.1 percent). In contrast, imports fell for: chemicals (-4.0 percent), natural hydrocarbons (-4.2 percent) and ships, trains, bikes (-7.0 percent)
4/7/2016 9:08:52 AM