France Trade Deficit Largest in 3 Months


France recorded a trade gap of EUR 4.50 billion in July of 2016, compared to a marginally revised EUR 3.45 billion in June and market expectations of a deficit of EUR 3.7 billion. It was the largest trade deficit since April as exports fell while imports rose.

Compared to a month earlier, exports dropped by 0.2 percent to EUR 36.90 billion. Outbound shipments declined for: ships, trains and bikes (-15.1 percent), electrical & household equipment (-1.0 percent), agriculture products (-1.0 percent), metallurgical and metal products (-2.2 percent), automotive products (-5.3 percent), aerospace industry products (-1.0 percent) and natural hydrocarbons (-6.7 percent). In contrast, exports went up for: refined oil (+55.6 percent), chemicals (+3.9 percent), industrial and agricultural machinery (+3.4 percent), works of arts (+30.1 percent) and rubber products, plastics, various minerals (+0.1 percent).

Sales decreased to Asia (-2.6 percent) and America (-5.4 percent). In contrast, sales were higher to the EU countries (+0.2 percent), the European countries outside EU (+14.0 percent), the Middle-East countries (+29.6 percent) and Africa (+3.4 percent).  

Imports increased by 2.4  percent to EUR 41.40 billion. Purchases rose for: industrial & agriculture machinery (+0.5 percent), works of arts (+1.6 percent); perfumes, cosmetics, cleaning products (+0.8 percent); wood, paper, cardboard (+0.5 percent);  textiles, leather (+0.2 percent), aerospace industry (+28.8 percent) and natural hyrdocarbons (+63.3 percent). In contrast, inbound shipments fell for: refined oil (-21.8 percent), chemicals (-1.5 percent), rubber products, plastics, various minerals (-1.8 percent), pharmaceuticals (-1.0 percent) and ships, trains and bikes (-6.7 percent).

In July 2015, trade deficit was at EUR 3.46 billion.

France Trade Deficit Largest in 3 Months


Ministère de l'Économie et des Finances l Rida Husna | rida@tradingeconomics.com
9/7/2016 1:28:57 PM