French Trade Deficit Narrows in February


French trade gap decreased to €3.44 billion in February of 2015 from a revised €3.71 billion in the preceding month, as exports grew more than imports.

Exports increased by 1.4 percent to € 37.32 billion in February of 2015 as compared to a month earlier. Sales rose for: aircraft industry (+16.3 percent); chemical products (+5.7 percent); agricultural products (+4.3 percent); computers, electronics and optical products (+2.9 percent); jewelry, toys, furniture (+2.6 percent); automobile industry (+2.5 percent); wood, paper, cardboard (+2.1 percent); rubber products, plastics, various minerals (+0.6 percent) and perfumes and cosmetics (+0.3 percent). In contrast, outbond shipments dropped for: ships, train, motor (-41.8 percent); oil, refined oil (-20.9 percent); work of art, technical documentation and publishing products (-16.3 percent); natural hydrocarbons (-4.3 percent); metalurgical products and metal (-3.3 percent); electrical and household equipment (-2.2 percent) and pharmaceutical products (-0.9 percent).

Shipments increased to the Middle East countries (+18.0 percent) and the EU countries (+3.8 percent). In contrast, sales to Africa declined the most by 15.1 percent, followed by Asia countries (-1.5 percent) and American countries (-0.6 percent).

Imports rose by 0.6 percent to € 40.77 billion as compared to the previous month. Purchases increased for ships, trains and motors (+15.3 percent); pharmaceutical products (+4.4 percent); electrical and household equipment (+3.8 percent); textiles, leather (+2.8 percent); jewelry, toys and furniture (+2.4 percent); perfumes and cosmetics (+2.1 percent); industrial and agricultural machinery (+1.7 percent) and rubber products, plastics and various minerals (+0.0 percent). In contras, imports of oil and refined oil declined the most (-20.8 percent), followed by natural hydrocarbons (-5.4 percent); work of art, technical documentation and publishing products (-2.6 percent) and aerospace industry (-2.0 percent.

Purchases declined from Africa (-14.3 percent), the Middle East countries (-7.0 percent) and the EU countries (-1.0 percent). In contrast, inbound shipments increased from the American countries (5.1 percent) and Asia countries (+4.1 percent). 

In February 2014, French posted a €  3.68 billion trade gap.

French Trade Deficit Narrows in February


Ministere de I'Economie et des Finances l Rida Husna l rida@tradingeconomics.com
4/8/2015 9:33:53 AM