France Trade Deficit Widens in June


France recorded a trade gap of EUR3.44 billion in June of 2016, compared to a downwardly revised EUR2.72 billion in May and market expectations of a deficit of EUR3.9 billion as exports fell while imports rose slightly.

Compared to a month earlier, exports dropped by 1.8 percent to EUR36.86 billion. Outbound shipments declined for: textiles, leather (-0.7 percent); rubber products, plastics, various minerals (-0.3 percent), refined oil (-8.4 percent); perfumes, cosmetics, cleaning products (-0.8 percent); wood, paper, cardboard (-2.3 percent); jewelry, toys, furniture (-6.3 percent), works of arts (-18.0 percent), agriculture (-7.9 percent), pharmaceuticals (-8.5 percent) and ships, trains and bikes (-67.1 percent). In contrast, sales rose for: aerospace industry products (+5.9 percent), natural hydrocarbons (+8.0 percent) and metallurgical and metal products (+4.1 percent), automotive products (+2.7 percent).

Sales increased to the EU countries (+2.7 percent) and European countries outside EU (+6.0 percent). In contrast, exports fell to: Asia (-5.2 percent), Africa (-14.9 percent), the Middle-East countries (-32.3 percent) and America (-16.3 percent).

Imports increased by 0.1  percent to EUR40.30 billion. Purchases rose for: industrial & agriculture machinery (+0.2 percent); perfumes, cosmetics, cleaning products (+1.8 percent),; wood, paper, cardboard (+0.1 percent) and optical & household equipment (+1.5 percent). In contrast, inbound shipments fell for: aerospace industry products (-5.7 percent), natural hydrocarbons (-11.6 percent), matallurgical & metl products (-1.6 percent), automotive products (-0.3 percent); textiles, leather (-2.0 percent), refined oil (-2.4 percent); jewelry, toys, furniture (-2.5 percent), works of arts (-2.5 percent) and ships, trains, bikes (-20.9 percent).

 In June 2015, trade deficit was at EUR2.60 billion.

France Trade Deficit Widens in June


Ministère de l'Économie et des Finances l Rida Husna | rida@tradingeconomics.com
8/5/2016 9:00:48 AM