French Trade Deficit Narrows in October

French trade gap decreased slightly to € 4.61 billion in October of 2014 from € 4.71 billion deficit recorded in the previous month, mainly due to stronger aircraft sales.

On a monthly basis, exports increased 0.5 percent to € 36.93 billion in October. Airspace and shipbuilding industry sales increased 3.5 percent, boosted by airbus shipments to Germany and the United Kingdom and a satellite delivery to Russia. Exports of auto parts rose 1.8 percent due to sales to China, Turkey and the NAFTA countries. Shipments of industrial and agricultural machinery grew 1.3 percent, driven by sales to the United States, Algeria, South Africa, Turkey and UAE. In addition, sales of works of art and publishing products recorded the highest increase (7.4 percent), followed by ships, trains , motorcycles (3.5 percent). 

Imports increased 0.1 percent to € 41.5 billion. Purchases of refined oil dropped the most (-13.3 percent) while imports of pharmaceuticals and natural hydrocarbons increased by 2.7 percent and 3.7 percent, respectively. 

In October of 2013, the country posted a € 5.02 billion deficit.

French Trade Deficit Narrows in October

Rida l
12/9/2014 10:36:31 AM