French Trade Deficit Narrows in September
French trade gap decreased to € 4.71 billion in September of 2014 from a revised € 5.03 billion in the previous month, due to a rise in aircraft sales.
11/7/2014 11:39:07 AM
On a monthly basis, exports increased 1.7 percent to € 36.8 billion in September, driven by aircraft deliveries and sales of chemical and refined oil. Exports to the EU countries were higher due to demand for airplanes and tanker ship.
Shipments to Libya, (130.8 percent), India (54.7 percent) and the United Arab Emirates (32.6 percent) rose the most, while exports to Tunisia (-16.5 percent) recorded the highest decrease.
Imports increased 0.7 percent to € 41.5 billion in September, mainly due to an increase in purchases of pharmaceutical products and spatial and aeronautique industry. Imports from Libya (89.1 percent) and Tunisia (50 percent) increased the most, while from the United Arab Emirates dropped 85.3 percent.
Year-on-year, exports rose a meager 0.97 percent while imports fell 1.5 percent in September.