French Trade Gap Narrows In March
France’s trade deficit decreased in March as exports rose faster than imports, data released by the customs office showed on Tuesday.
The trade deficit dropped to EUR 5.47 billion in March from EUR 5.61 billion in February. In the same period last year, the deficit totalled EUR 8.1 billion.
The energy balance improved by EUR 0.1 billion, driven largely by the increase in volumes of energy products traded, the agency said.
Exports posted a monthly increase of 2.9 percent, and imports were 2.4 percent higher.
On a yearly basis, both exports and imports declined by 1.3 percent and 7.0 percent, respectively in March.
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