French Trade Deficit Widens in March


French trade gap increased to € 4.94 billion in March from a revised € 3.77 billion in February, driven by a surge in imports of energy and pharmaceuticals.

Exports rose marginally by 0.58 percent to € 36.38 billion in March over February. Sales of refined petroleum, metals, motor vehicles, industrial machinery and equipment, jewelry and works of art increased, while shipments of cereals continued to decline. Shipments to America, the Middle East, Asia and Spain rose while sales to Germany and Russia fell. Year-on-year, exports increased slightly by 0.5 percent.

Imports grew 3.4 percent to € 41.3 billion in March over February, boosted by higher purchases of natural hydrocarbons from Africa, coal and pharmaceutical products from Europe. Year-on-year, imports rose 1.1 percent.

French Trade Deficit Widens in March


Joana Taborda | joana.taborda@tradingeconomics.com
5/7/2014 12:52:47 PM