France Trade Deficit Narrows in March


France trade gap stood at EUR4.37 billion in March of 2016 from a marginally revised EUR5.15 billion in the preceding month and market expectations of EUR4.40 billion as exports fell less than imports.

Year-on-year, exports dropped by 3.9 percent to EUR36.38 billion. Outbound shipments declined for: automotive products (-4.6 percent),; computer, electronic & optical (-6.2 percent), electrical & household equipment (-4.7 percent), rubber products & plastics (-5.5 percent); ships, trains & bikes (-3.6 percent), agriculture (-2.8 percent), pharmaceuticals (-1.9 percent), metalurgical & metal products (-8.4 percent), textiles & leather (-6.6 percent); wood, paper & cardboard (-8.1 percent); perfumes, cosmetics, cleaning products (-0.7 percent), works of arts (-15.5 percent), industrial & agriculture machinery (-9.4 percent) and chemicals (-12.5 percent). In contrast, sales rose for: refined oil (+4.5 percent); jewelry, toys, furniture (+0.5 percent), natural hydrocarbons (+4.5 percent) and aerospace industry products (+2.2 percent).

While sales dropped to the EU countries (-7.7 percent), America (+2.0 percent), Africa (-3.8 percent) and the European countries outside EU (-0.7 percent). In contrast, exports increased to Asia (+1.3 percent) and the Middle East countries (10.1 percent).

Imports declined by 5.2 percent to EUR40.75 billion. Purchases declined for most categories except aerospace and industry products. Inbound shipments of efined oil dropped by14.2 percent), followed by jewelry, toys, furniture (-3.7 percent); computer, electronic & opticals (-6.3 percent), automotive products (-5.4 percent), electrical & household equipment (-7.0 percent), rubber products & plastics (-7.2 percent); ships, trains & bikes (-17.6 percent), agriculture (-5.8 percent), pharmaceuticals (-3.2 percent), metallurgical and metal products (-7.4 percent); textiles & leather (-4.1 percent); wood, paper & cardboard (-5.5 percent); perfumes, cosmetics, cleaning products (-1.4 percent), works of arts (-2.7 percent), industrial & agriculture machinery (-2.0 percent) and chemicals (-3.8 percent). In contrast, imports of aerospace industry products rose 4.5 percent), 

In March 2015, trade deficit was at EUR4.96 billion.

France Trade Deficit Narrows in March


Ministère de l'Économie et des Finances l Rida Husna | rida@tradingeconomics.com
5/4/2016 9:03:43 AM