France Trade Deficit Widens in April


France recorded a trade gap of EUR5.21 billion in April of 2016, compared to a downwardly revised EUR4.20 billion in March and market expectations of a deficit of EUR4.0 billion as exports rose less than imports.

Compared to a month earlier, export rose by 1.8 percent to EUR37.09 billion. Outbound shipments rose for: pharmaceuticals (+14.8 percent), chemicals (+5.6 percent), industrial and agriculture machinery (+4.3 percent), agriculture products (+3.0 percent); perfumes, cosmetics, cleaning products (+2.7 percent); works of arts(+6.2 percent);  wood, paper & cardboard (+2.9 percent); textiles, leather (+6.6 percent), rubber products & plastics (+2.9 percent), refined oil (+6.7 percent), electrical and household equipment (+0.8 percent) and automotive products (+3.4 percent). In contrast, sales declined for: natural hydrocarbon (-1.7 percent), computer, electronic & optical (-0.9 percent);  ships, trains & bikes (-7.6 percent); jewelry, toys, furniture (-1.1 percent), metalurgical and metal products (-1.8 percent) and  aerospace industry products (-3.6 percent).

While sales increased to Africa (+7.3 percent), Asia (+1.9 percent),  and the EU countries (+6.5 percent), exports fell to America (-1.3 percent),  the European countries outside EU (-4.4 percent) and the Middle East countries (-31.6 percent).

Imports increased by 4.1  percent to EUR42.31 billion. Purchases rose for:  works of arts (+2.8 percent); wood, paper & cardboard (+3.8 percent); textiles, leather (+5.3 percent);  rubber products & plastics (+4.2 percent); ships, trains & bikes (+11.0 percent), refined oil (+11.5 percent); jewelry, toys, furniture (+4.1 percent), electrical and household equipment (+6.5 percent), metalurgical and metal products (+5.3 percent), aerospace industry products (+2.8 percent) and automotive products (+9.6 percent).  In contrast, imports fell for: pharmaceuticals (-0.7 percent), chemicals (-0.3 percent), natural hydrocarbons (-2.3 percent), agriculture products (-0.3 percent); computers, electronic & opticals (-1.5 percent) and perfumes, cosmetics, cleaning products (-0.4 percent).

In April 2015, trade deficit was at EUR3.13 billion.


France Trade Deficit Widens in April


Ministère de l'Économie et des Finances l Rida Husna | rida@tradingeconomics.com
6/7/2016 9:02:46 AM