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France Records Lower Trade Deficit in October
Dec 8,2011 13:33CST
data analysis
Source:SMM
France narrowed trade deficit by 5 percent to 6.24 billion euros (8.34 billion U.S. dollars) in October compared to a month earlier following slight fall in purchases.

PARIS, Dec. 7 (Xinhua) -- France narrowed trade deficit by 5 percent to 6.24 billion euros (8.34 billion U.S. dollars) in October compared to a month earlier following slight fall in purchases, official figures showed on Wednesday.

For the past 12 months, the cumulated trade deficit already climbed to 71.55 billion euros (95.7 billion dollars) in total, according to data issued by customs services.

The country's total sales abroad inched up to 35.8 billion euros (47.88 billion dollars) over the period. October's exports rise stemmed mainly from growing farming product exports which generated more than 200 million euros (267.5 million dollars), according to customs monthly report.

As to imports, the country recorded a tepid fall to 42 billion euros (56.16 billion dollars billion) from 42.2 billion euros (56.44 billion dollars) despite high costs of energy bill.

In October, France has sold 23 Airbus aircraft worth 1.41 billion euros (1.88 billion dollars), up 11 percent from a month earlier.

According to 2012 budget draft, trade gap would stand at 73.8 billion euros (98.62 billion dollars) slightly up from 73.1 billion euros (97.78 billion dollars) expected this year as French overall export value hadn't any remarkable improvement for the first six month of this year.
 

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