The French trade deficit narrowed to EUR 5.2 billion in February of 2018 from a downwardly revised EUR 5.4 billion in January and slightly above market consensus of a EUR 5.15 billion shortfall. Imports fell 1.4 percent to EUR 44.9 billion, while exports declined at a slower 0.9 percent to EUR 39.7 billion.
Imports declined 1.4 percent from the previous month to EUR 44.9 billion in February, following a dowmwardly revised 1 percent increase in the prior month. Biggest drop were seen in purchases of aerospace products (-26.7 percent), mainly from Germany and UK; natural hydrocarbons, mining products, electricity (-4.6 percent), mainly from Kazakhstan; automotive industry products (-1.4 percent), mostly from Spain and Germany. Other significant loses also recorded in electronic and optical products (-5.4 percent); parfumes, cosmetics, cleaning products (-2.6 percent); textiles, leather (-2.3 percent); and agricultural products (-2.7 percent).
Exports dropped at a softer 0.9 percent to EUR 39.7 billion, compared with an upwardly revised 4.1 percent fall in January. Sales went down mostly for, chemicals produtcs (-8.8 percent); electrical and household equipment (-7.9 percent); electronic and optical products (-5.9 percent); jewelry, toys and furniture (-4.2 percent); pharmaceutical products (-3.5 percent); refined oil (-3.1); textiles, leather (-3 percent). Other decreases were also seen in metallurgical and metallic products (-0.3 percent); rubber, plastic, mineral products (-1.5 percent); parfumes, cosmetics, cleaning products (-0.3 percent); and wood, paper,cardboard (-0.2 percent).
4/6/2018 11:18:05 AM