French Trade Deficit Largest in A Year


French trade gap increased to €4.58 billion in October of 2015, as compared to a downwardly revised €3.59 billion deficit recorded in the preceding month and below market expectations. It is the largest deficit since September 2014, as exports slightly fell while imports rose.

In October 2015, exports dropped by 0.14 percent to €37.29 billion from a month earlier. Outbond shipments declined for: pharmaceuticals (-1.6 percent); electrical & household equipments (-0.5 percent); works of arts, technical documentation, publishing products (-21.2 percent); agriculture (-10.3 percent); computer, electronics & optical (-1.0 percent); refined oil (-2.9 percent); automotive products (-2.2 percent) and metalurgical and metal products (-6.1 percent). In contrast, sales increased for:  aerospace industry products (+3.5 percent); jewelry, toys and furniture (+6.5 percent); chemicals (+4.2 percent); perfumes, cosmetics, cleaning products (+2.7 percent); ships, trains, bikes (+5.6 percent); wood, paper & cardboard  (+2.4 percent); rubber products, plastics, various minerals (+1.2 percent); natural hydrocarbons (+7.5 percent) and industrial and agriculture machinery (+0.3 percent).

Outbond shipments fell in October to America (-2.0 percent), Africa (-0.1 percent) (-3.4 percent) and the EU countries (-1.5 percent). In contrast, sales rose to Asia (+0.4 percent), the Middle East countries (+39.3 percent) and the European countries outside EU (+8.0 percent).

Imports grew by 2.34 percent to €41.87 billion as compared to the previous month. Purchases rose for: chemicals (+1.5 percent); perfumes, cosmetics, jewelry (+3.6 percent); ships, trains, bikes (+7.2 percent); wood, paper & cardboard (+2.3 percent); rubber products, plastics, various minerals (+1.7 percent); electrical & household equipments (+1.4 percent); natural hydrocarbons (+3.2 percent); industrial and agriculture machinery (+1.9 percent); works of arts, technical documentation, publishing products (+4.7 percent); textiles, leather (+4.8 percent); computer, electronics & optical (+3.6 percent); refined oil (+8.2 percent); automotive products (+4.4 percent) and metalurgical & metal products (+5.5 percent). In contrast, inbound shipments fell for: aerospace industry products (-4.5 percent); jewelry, toys and furniture (-2.3 percent) and pharmaceuticals (-1.1 percent).

French Trade Deficit Largest in A Year


Ministère de l'Économie et des Finances l Rida Husna | rida@tradingeconomics.com
12/10/2015 2:37:07 PM