French Trade Deficit Narrows In March As Exports Jump


French trade deficit narrowed to EUR 5.4 billion in March 2017 from a downwardly revised EUR 6.4 billion in February and below market expectations of a EUR 6.0 billion gap. Exports rose 3.8 percent month-on-month to EUR 39.3 billion while imports increased at a slower 0.8 percent to EUR 44.6 billion.

In March, sales went up for: aerospace industry products (3.1 percent), pharmaceuticals (4.1 percent), metallurgical and metal products (1.8 percent), electrical and household equipments (1.8 percent), ships, train, bikes (7.6 percent), perfumes, cosmetics, cleaning products (5.5 percent), chemicals (2.8 percent), rubber products, plastics, various minerals (2.3 percent), natural hydrocarbons (6.7 percent), jewelry, toys, furniture (2.7 percent), textiles, leather (0.3 percent), industrial & agriculture machinery (3.9 percent), agriculture (2.5 percent), automotive products (6.7 percent).In contrast, outbound shipments fell for: refined oil (-1.5 percent) and wood, paper and cardboard (-0.2 percent).
 
Exports increased to Asia (10.8 percent), America (10.5 percent), EU countries (3.3 percent), and Africa (11.8 percent). In contrast, sales declined to the Middle East countries (-10.4 percent) and  European countries outside EU (-5.0 percent) .
 
Imports increased for: aerospace industry (8.9 percent), pharmaceuticals (4.3 percent), natural hydrocarbons (4.0 percent); jewelry, toys, furniture (8.4 percent), metallurgical and metal products (4 percent), electrical and household equipments (2.9 percent); ships, trains, bikes (14.2 percent); rubber products, plastics, various minerals (3.1 percent), textiles, leather (5.5 percent) and automotive products (2.8 percent), chemicals (2.6 percent); wood, paper, cardboard (1.0 percent), industrial & agricultural machinery (1.2 percent). In contrast, outbound shipments decreased for: works of arts, technical documentation, publishing products (-20.9 percent), refined oil (-24.4 percent), and perfumes, cosmetics, cleaning products (-1.7 percent).
 
 
 

French Trade Deficit Narrows In March As Exports Jump


Ministère de l'Économie et des Financesl Chusnul Ch Manan | chusnul@tradingeconomics.com
5/10/2017 9:48:46 AM