French Trade Deficit Narrows in August


French trade gap decreased to €2.98 billion in August of 2015 from an upwardly revised €3.17 billion deficit recorded in the preceding month as imports slightly fell more than exports.

Exports dropped by 3.01 percent to €37.69 billion in August of 2015 as compared to a month earlier. Outbond shipments declined for: ships, trains bikes (-10.7 percent); chemicals (-7.9 percent) natural hydrocarbons (-13.0 percent); pharmaceuticals (-2.7 percent); textiles, leather (-1.6 percent); computer, electronic & optical  (-2.6 percent); refined oil (-12.5 percent); electrical and household equipment (-1.8 percent); metalurgical and metal products (-3.7 percent);  wood, paper & cardboard (-6.0 percent); rubber products, plastics & various minerals (-2.6 percent); agriculture (-4.8 percent); perfumes, cosmetics, cleaning products (-5.9 percent); industrial & agriculture machinery (-3.7 percent) and jewelry, toys, furniture (-21.2 percent). In contrast, outbond shipment rose for: aerospace industry (+12.6 percent); works of arts, technical documentation, publishing products   (+66.0 percent) and automotive products (+1.9 percent)

Outbond shipments fell in August to the EU countries (-1.4 percent), America (-2.5 percent), the Middle East countries (-3.4 percent) and the European outside the EU (-18.9 percent). In contrast, sales rose to Africa (+1.8 percent) and Asia (+4.5 percent).

Imports shrank by 3.23 percent to €40.67 billion as compared to the previous month. Purchases declined for: aerospace industry products (-20.4 percent); works of arts, technical documentation, publishing products (-14.5 percent); natural hydrocarbons (-9.0 percent); pharmaceuticals (-5.5 percent); textiles, leather (-2.2 percent); computer, electrronic & optical (-3.8 percent); refined oil (-5.8 percent); electrical & household equipment (-2.0 percent); metalurgical & metal products (-1.5 percent) and perfumes, cosmetics & cleaning products (-1.1 percent). In contrast, inbound shipments rose for:  automotive products (+0.3 percent); wood, paper &cardboard (+0.8 percent) and rubber products, plastics, various minerals (+0.6 percent).

French Trade Deficit Narrows in August


Ministère de l'Économie et des Finances l Rida Husna | rida@tradingeconomics.com
10/7/2015 8:33:16 AM