• France's trade deficit narrowed slightly in February

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5 April 2019

France's trade deficit narrowed slightly in February

According to the report from Ministry for the Economy and Finance, iIn February, the deficit fell by 0.2 billion euros to 4.0 billion euros after 4.2 billion euros in January, in a context of slight increase in trade. Thus, the moderate growth of exports (+0.4 billion) exceeds that of imports (+0.2 billion). The exceptional shipments and shipments and the partial rebound in sales of refined petroleum products contributed to the rise in exports, but were offset by a sharp drop in aeronautical deliveries. On the import side, higher pharmaceutical purchases are offset by lower energy supplies.

In February, the deficit shrank by $ 0.2 billion to $ 4.0 billion. Exports rebounded after the decline in January (+0.9% after -1.1%) while imports rose slightly after being stable (+0.4% after 0.0% in January).

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