In the 2016 budget, the Executive hoped to bring that deficit to 40.3 billion euros this year, its pre-crisis.
In the first half, “ the deterioration in the trade balance of 1.1 billion is due to the expansion of the manufacturing deficit outweighs the reduction of the energy bill “explain Customs Friday in a statement.
In the first six months of the year, exports were down 1.4% and imports by 1%, they specify.
“ In 2016, unfortunately, (the deficit) may widen again ” admitted the Secretary of State for Foreign Trade, Matthias Fekl, in an interview with the Figaro.
“ We are in a global downturn, including the emerging countries side with an increase in world trade remains low at 2.7% in 2016 according to the IMF “, he recalls.
“ And we enjoy less than last year’s diptych + euro low-oil + low. This cocktail makes it difficult to improve the situation in the immediate ,” says M . Fekl.
In the first half, the French exports fell 1.4%, penalized by the decline in aerospace deliveries, “ especially to Asia and the Middle East “, noted the Customs. Sales of chemical and metallurgical products also declined, as well as computer equipment, electronic and electrical.
On the other hand, exports have benefited from the delivery “ the largest liner in the world in May “, the ship “ Harmony of the Seas “. According to Customs, sales of pharmaceuticals, agricultural products and certain luxury goods “ are oriented .”
Regarding imports, they give 1% year mainly due to lower oil prices and import volumes.
By region, exports suffered from the “ economic slowdown in major emerging countries ” such as China and Brazil.
They even bend of 0.5% in Europe, particularly to the Netherlands and Spain. However, they find the way of growth to Germany, the bilateral deficit with Europe’s largest economy is reducing one billion to 6.2 billion in the first, say the Customs.
As for the sale of energy products, as they recede “ because of the further fall in refined petroleum shipments “, the statement said.
In the automotive sector, the recovery of exports undertaken since 2013 is “ increased ” in the first six months of the year (+ 1.6%), ” in a context of recovery of car production in France, linked to the competitiveness of agreements made by french manufacturers “, provide Customs.
However, imports of motor vehicles also have “ very ” increased mainly from Spain, Germany, Italy and “ the new Member States “of the EU.
In addition, “ Agricultural exports are recovering, driven by grain shipments to the first three customers ” as Italy, Spain and Morocco .
As a result of the deterioration in the trade deficit, the current account of France vis-à-vis the rest of the world widened slightly in June to 600 million euros, against 300 million in May , said his side the Bank of France.
The surplus in trade in services increased slightly to 900 million euros, “ the decline in travel surplus is smaller in scale than the improvement in the balance on other services , “the bank of France.
In the financial account, the French foreign investments experienced a sharp decline, while foreign investment in France rose slightly.
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