French Trade Deficit Widens in July


French trade gap increased to €3.29 billion in July of 2015 from a revised €2.76 billion deficit recorded in the preceding month as exports fell more than imports.

Exports dropped by 1.74 percent to €38.95 billion in July of 2015 as compared to a month earlier. Outbond shipments declined for: aerospace industry products (-12.6 percent); refined oil (-9.6 percent); automotive products (-8.9 percent); ships, trains, bikes (-6.6 percent); pharmaceuticals (-3.3 percent); metalurgical and metal products (-1.4 percent); wood, paper & cardboard (-0.7 percent) and perfumes, cosmetics, cleaning products (-0.2 percent). In contrast, outbond shipment rose for: jewelry, toys, furniture (+21.5 percent); works of arts, technical documentation, publishing products   (+18.5 percent);  computer, electronic & optical (+5.0 percent); chemicals (+4.7 percent); industrial & agriculture machinery (+2.8 percent); natural hydrocarbons (+2.7 percent); agricultural products (+2.2 percent) and electrical and household equipment (+0.2 percent).

Exports increased in July to the EU countries (+0.4 percent), America (+3.1 percent) and the European outside the EU (+3.8 percent), In contrast, sales declined to the Middle East countries (-22.3 percent), Africa (-2.6 percent) and Asia (-8.6 percent).

Imports fell by 0.35 percent to €42.25 billion as compared to the previous month. Purchases declined for: refined oil (-10.4 percent); aerospace industry products (-8.4 percent); natural hydrocarbons (-5.9 percent); ships, trains, bikes (-1.7 percent) and pharmaceuticals (-1.2 percent). In contrast, inbound shipments rose for:  works of arts, technical documentation, publishing products (+13.8 percent); automotive ptoducts (+4.6 percent); jewelry, toys, furniture (+4.5 percent); chemicals (+3.0 percent); perfumes, cosmetics, cleaning products (+3.7 percent); agriculture products (+3.5 percent); computer, electrronic & optical (+2.3 percent) and metallurgical and metal products (+0.7 percent).

French Trade Deficit Widens in July


Ministère de l'Économie et des Finances l Rida Husna | rida@tradingeconomics.com
9/8/2015 8:27:15 AM