France Balance Commerciale

France’s trade deficit widened to €7.4 billion in August 2024 from an upwardly revised €6.0 billion in July, coming more than market forecasts of €5.5 billion. Imports rose 2.7% month-over-month to €57.0 billion, while exports grew at a softer 0.4% to €49.7 billion. At the same time, the energy shortfall went up to €4.5 billion compared to €4.0 billion in the prior month. The trade gap for investment goods sharply rose to €2.2 billion from €0.9 billion, while the deficit for intermediate goods remained unchanged at €2.5 billion. On the other hand, the trade balance for consumer goods shifted to a surplus of €0.3 billion from a deficit of €0.1 billion in the preceding month. Considering January to August, the trade deficit narrowed to €53.0 billion from €70.7 billion in the same period last year.