Home News France’s Trade Gap Closes to EUR 12.9 Billion

France’s Trade Gap Closes to EUR 12.9 Billion


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
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