French Trade Deficit Increases in January

French trade gap widened to €3.72 billion in January of 2015 from a revised €3.29 billion in the preceding month, as exports declined faster than imports.

Exports declined 2.5 percent to € 36.84 billion in January of 2015 compared to a month earlier. Sales dropped for: aircraft industry (-13.2 percent); pharmaceuticals (-8.1 percent); chemical products (-7.2 percent); electrical and household equipment (-5.4 percent); perfumes, cosmetics (-4.6 percent); natural hydrocarbons (-3.4 percent); refined oil (-3.1 percent); textiles (-2.3 percent); computer, electronic and optical products (-0.4 percent); agriculture products (-0.2 percent) and rubber products, plastics and various minerals (-0.1 percent). In contrast, exports increased for: ships, trains, motorcycles (+111 percent); works art, technical documentation, publishing products (+7.6 percent); wood, paper, cardboard (+0.6 percent); metal products (+2.1 percent); industrial and agriculture machinery (+1.3 percent); automobile industry (+0.9 percent) and jewelry, toys, furniture (+0.1 percent)

Shipments to the Middle East countries declined the most by 47.7 percent, followed by the EU countries (-4.0 percent) and Asia countries (-2.1 percent). In contrast, sales to Africa and American  countries rose by 29.2 percent and 7.7 percent respectively.

Imports fell 1.3 percent to € 40.57 billion with purchases of ships, trains and motorcycles declined the most (-18.7 percent), followed by natural hydrocarbons (-11.1 percent); pharmaceutical products (-10.6 percent); refined petrol (-6.1 percent); textiles (-1.7 percent); automobile industry (-1.7 percent); industrial and agriculture machine (-1.2 percent) and agriculture products (-1.0 percent). In contrast, imports increased for  aerospace industry (+13.2 percent); rubber products, plastics and minerals (+2.3 percent);  (chemical products (+0.9 percent); perfumes and cosmetics (+0.9 percent) and electrical and household equipment (+0.7 percent).

Imports from the Middle East countries and Africa declined by 14.8 percent and 1.8 percent respectively. In contrast, purchases increased from American countries (+2.1 percent), the EU countries (+1.2 percent) and Asia countries (+0.4 percent). 

French Trade Deficit Increases in January

Ministère de l'Économie et des Finances l Rida Husna l
3/6/2015 11:35:50 AM