French Trade Deficit Narrows to 4-1/2-Year Low

In February of 2014, French trade deficit decreased to € 3.37 billion, down from a € 5.6 billion gap a month earlier and in the same month last year. It is the lowest trade deficit since July of 2009, mainly due to a fall in imports.
Joana Taborda | 4/8/2014 10:55:11 AM
Exports decreased slightly by 0.2 percent from January to € 36.24 billion. Shipments of transport equipment and oil products fell in February, while exports of chemical products, drugs, handbags and drinks rose. 

A sharp drop in exports to Germany was partially offset by an increase in sales to Spain, Belgium, the UK and the Netherlands. 

Imports fell 5.52 percent from January to € 39.6 billion, due to lower purchases of natural hydrocarbons and refined products.

Year-on-year, sales increased 1.3 percent in February, while purchases fell 4.4 percent. 

Considering the first three months of 2014, exports advanced 0.9 percent over the previous quarter and imports fell 1 percent. Year-on-year, shipments were unchanged and imports decreased 1.7 percent. 

French Trade Deficit Narrows to 4-1/2-Year Low