French Trade Deficit Widens in May


French trade gap increased to €4.02 billion in May of 2015 from a revised €3.31 billion deficit recorded in the preceding month as exports declined and imports increased.

Exports fell by 0.58 percent to €37.93 billion in May of 2015 as compared to a month earlier. Outbond shipments declined for: works of arts, technical documentation, publishing products  (-12.2 percent); perfumes, cosmetics, cleaning products (-5.3 percent); pharmaceuticals (-3.8 percent); electrical and household equipment (-2.2 percent); metalurgical & metal products (-1.8 percent); computer, electronic and optical (-1.7 percent); agriculture (-1.6 percent); wood, paper, cardboard (-0.8 percent); automotive products (-0.7 percent) and chemicals (-0.1 percent). In contrast, sales increased for: ships, trains and bikes (+10.5 percent); aerospace industry products (+6.5 percent); jewelry, toys furniture (+8.7 percent); textiles, leather (+5.2 percent) and industrial and agriculture machinery (+0.9 percent).

Exports declined to Asia (-0.9 percent), Africa (-7.2 percent), European countries outside EU (-2.2 percent), Middle East (-6.2 percent) and EU countries (-0.6 percent). In contrast, sales to America rose by 7.6 percent.

Imports rose by 1.18 percent to €41.95 billion as compared to the previous month. Purchases increased the most for: ships, trains, bikes (+11.8 percent); followed by aerospace industry products (+9.7 percent); chemicals (+4.6 percent); natural hydrocarbons (+2.9 percent); automotive products (+2.8 percent); computer, electronic, optical (+2.2 percent); metalurgical & metal products (+2.1 percent) and electrical & agriculture machinery (+2.0 percent). In contrast, imports declined for: works of arts, technical documentation, publishing products (-6.4 percent); refined petrol (-5.8 percent); pharmaceuticals (-3.9 percent); agriculture (-1.6 percent) and wood, paper, cardboard (-0.5 percent).

French Trade Deficit Widens in May


Ministère de l'Économie et des Finances l Rida Husna l rida@tradingeconomics.com
7/7/2015 12:29:43 PM