According to statistics from the customs office, France’s foreign trade deficit decreased at the beginning of the year as imports declined more quickly than exports.
From EUR 14.7 billion in December, the trade gap decreased to EUR 12.9 billion in January.
The deficit in the comparable month of 2022 was EUR 8.6 billion.
Imports fell by 4.5 percent from the previous month, while exports fell by 2.2 percent.
Exports in January increased 9.8 percent year over year. Imports experienced a quicker growth of 15.7% at the same period.
Source: RTT News
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
