France Trade Gap Largest in 5 Months


France recorded a trade gap of EUR 4.80 billion in September of 2016, compared to a downwardly revised EUR 4.2 billion in August while market expected a EUR 4.1 billion gap. It was the largest deficit since April this year, as exports fell 2.2 percent to EUR 37.13 billion while imports declined 0.6 percent to EUR 41.90 billion.

In September, exports went down 2.2 percent month-over-month to EUR 37.13 billion, mainly for: pharmaceuticals (-5.3 percent), automotive products (-7.7 percent); jewelry, toys, furniture (-2.2 percent), metallurgical and metal products (-1.2 percent); textiles, leather (-0.9 percent); wood, paper, cardboard (-1.6 percent); rubber products, plastics, various minerals (-1.5 percent); ships, trains, bikes (-13.6 percent), electrical and household equipment (-1.3 percent), agriculture products (-4.0 percent), refined oil (-10.8 percent), chemicals (-2.8 percent), works of arts (-14.7 percent) and aerospace industry products (-0.4 percent). In contrast, sales rose for: natural hydrocarbons (+18.8 percent) and industrial and agriculture machinery (+1.7 percent).

Sales were lower to the Middle-East countries (-15.1 percent), the EU countries (-2.8 percent), America (-1.9 percent) and Africa (-0.8 percent). In contrast, outbound shipments rose to  the European countries outside EU (+2.2 percent) and Asia (+0.5 percent).

Imports declined 0.6 percent to EUR 41.9 billion, mainly for: pharmaceuticals (-18.0 percent), automotive products (-12.0 percent), natural hydrocarbons (-5.5 percent); jewelry, toys, furniture (-5.9 percent), metallurgical and metal products (-4.3 percent), textiles, leather (-2.7 percent); wood, paper, cardboard (-2.4 percent), ships, trains, bikes (-8.1 percent), electrical and household equipment (-0.7 percent), agriculture products (-1.0 percent) refined oil (-0.7 percent) and chemicals (-1.1 percent. In contrast, imports went up for: industrial and agriculture machinery (+1.6 percent); perfumes, cosmetics and cleaning products (+2.0 percent), works of arts (+7.0 percent) and aerospace industry products +8.9 percent).

France Trade Gap Largest in 5 Months


Ministère de l'Économie et des Finances l Rida Husna | rida@tradingeconomics.com
11/8/2016 10:18:56 AM