France Trade Gap Widens More than Expected in March


The French trade deficit widened to EUR 5.3 billion in March 2019 from an upwardly revised EUR 4.1 billion in the previous month and compared to market expectations of a EUR 4.5 billion gap. Exports rose 1.1 percent month-over-month and imports went up at a faster 3.6 percent.

Exports increased 1.1 percent from a month earlier to EUR 43.2 billion in March, mainly driven by higher sales of other industrial products (2.0 percent), agricultural, forestry, fishery and aquaculture products (4.9 percent), natural hydrocarbons, mining products, electricity (5.1 percent), transport equipment (1.8 percent) and publishing and communication (51.3 percent). On the other hand, sales fell for agribusiness products (-0.5 percent), mechanical, electrical, electronic and computer equipment (-3.0 percent) and coke and refined petroleum products (-2.8 percent).

Among major trading partners, exports went up to the EU (2.0 percent), Africa (4.2 percent), Middle East (67 percent) and America (2.6 percent) but declined to 
Asia (-3.0 percent).

Imports advanced at a faster 3.6 percent to EUR 48.5 billion in March, boosted by purchases of natural hydrocarbons, mining products, electricity (41.2 percent), 
mechanical, electrical, electronic and computer equipment (2.2 percent), transport equipment (3.7 percent), and coke and refined petroleum products (5.0 percent). Meanwhile, imports dropped for agricultural, forestry, fishery and aquaculture products (-7.9 percent), agribusiness products (-0.3 percent), and other industrial products (-0.1 percent).

Among major trading partners, imports rose from the EU (2.0 percent), Asia (0.2 percent), America (7.0 percent), Middle East (5.1 percent) and Africa (11.4 percent).

Considering the first quarter of the year, the country posted a EUR 13.7 billion gap compared to a EUR 14.7 billion shortfall in the same period of 2018.

 France Trade Gap Widens More than Expected in March


Ministère de l'Économie et des Finances | Stefanie Moya | stefanie.moya@tradingeconomics.com
5/7/2019 9:02:53 AM