French October Trade Deficit Largest in 3 Months


French trade deficit widened to EUR 5 billion in October of 2017 from a EUR 4.6 billion in September and beating market expectations of a EUR 4.6 billion gap.

Imports increased by 1.1  percent from the previous month to EUR 45.4 billion in October, as purchases went up for: Aerospace industry (7.8 percent); electrical and household equipment (0.1 percent); jewelry, toys, furniture (0.5 percent); and industrial and agriculture machinery (0.7 percent); automotive products (4.8 percent); works of arts, technical documentation, publishing products (17.9 percent); pharmaceuticals (24.4 percent); rubber products, plastics, various minerals (2.7 percent); agri-food products (0.1 percent); ships, trains, bikes (0.7 percent); wood, paper, cardboard (1.4 percent), and metallurgical and metal products  (7.3 percent). In contrast, purchases fell for: Natural hydrocarbons (-3.3 percent); computers, electronics and optical (-1 percent); textiles, leather (-3 percent); refined oil (-0.3 percent); chemicals (-1.2 percent), and perfumes, cosmetics, cleaning products (-1.3 percent).
 
Imports increased from the Middle East (13.5 percent), mainly from Saudi Arabia (22.4 percent); the EU (2.9 percent), mainly from Finland  (17.9 percent) and Germany (0.8 pcercent); Africa (5 percent). In contrast, purchases decreased from Asia (-0.6 percent) and America (-7 percent).
 
Exports rose by 0.4 percent to EUR 40.4 billion, driven by higher sales of: Works of arts, technical documentation, publishing products  (47.8 percent); industrial and agriculture machinery (2.5 percent); automotive products (2.3 percent); agri-food products (1.7 percent); rubber products, plastics, various minerals (2.7 percent); computers, electronics and optical (3.2 percent); metallurgical and metal products (8.1 percent); ships, trains, bikes (17.3 percent); jewelry, toys, furniture (0.3 percent); pharmaceuticals (6.6 percent); electrical and household equipment (0.8 percent); perfumes, cosmetics, cleaning products (1.5 percent); wood, paper, cardboard (4.2 percent); textiles, leather (0.9 percent), and natural hydrocarbons  (11.1 percent). Meanwhile, outbound shipments fell for: refined oil (-6.7 percent); aerospace industry (-6.5 percent); agriculture products (-0.6 percent), and chemicals (-2.6 percent).
 
Exports increased to Africa (5.5 percent), mainly to Ethiopia (1.124.2 percent); Middle East (10.7 percent), mainly to Qatar (901.5 percent); the EU (4.9 percent), mainly to Germany (10.6 percent) and Spain (4.7 percent).In contrast, sales decreased to Asia (-4.6 percent) and America (-8.1 percent).
 

French October Trade Deficit Largest in 3 Months


Ministère de l'Économie et des Finances l Chusnul Ch Manan| chusnul@tradingeconomics.com
12/7/2017 9:56:51 AM