France Trade Deficit Little Changed in August


France recorded a trade gap of EUR 4.26 billion in August of 2016, the same as a downwardly revised figure in the previous month and in line with expectations. Exports rose 2.1 percent to EUR 38.07 billion while imports went up 1.8 percent to EUR 42.33 billion.

Outbound shipments went up for: automotive products (+17.0 percent), aerospace industry products (+5.1 percent); computers, electronic & opticals (+2.4 percent), electrical & household equipments (+4.9 percent); perfumes, cosmetics, cleaning products (+0.4 percent), chemicals (+2.1 percent), metalurgical & metal products (+4.6 percent); rubber products, plastics, various minerals (+1.8 percent); textiles, leather (+1.5 percent) and pharmaceuticals  (+2.6 percent). In contrast, sales dropped for: natural hydrocarbons (-4.1 percent); ships, trains and bikes (-5.9 percent), works of arts (+-6.4 percent), refined oil (-5.9 percent), agriculture products (-10.6 percent) and jewelry, toys, furniture (-17.5 percent).

Sales were higher to Asia (+4.0 percent),  America (+13.1 percent) and the Middle-East countries (+40.8 percent). In contrast, sales dropped to the EU countries (-1.0 percent), the European countries outside EU (-4.9 percent) and Africa (-0.3 percent).  

Purchases rose for:  computers, electronic & opticals (+0.5 percent), electricals & household equipments (+1.9 percent); ships, trains, bikes (+2.3 percent); wood, paper, cardboard (+2.3 percent), chemicals (+3.2 percent), works of arts (+6.7 percent), metalurgical & metal products (+5.7 percent), rubber products, plastics, various minerals (+4.9 percent) , pharmaceuticals (+15.6 percent) and automotive products (+20.5 percent). In contrast, imports declined for: aerospace industry products (-6.7 percent), natural hydrocarbons (-1.9 percent); perfumes, cosmetics, cleaning products (-0.3 percent) and jewelry, toys, furniture (-2.4 percent).

France Trade Deficit Little Changed in August


Ministère de l'Économie et des Finances l Rida Husna | rida@tradingeconomics.com
10/7/2016 8:07:05 AM