Economy

France's Trade Deficit Narrows to €6.25 Billion in March, Exports Show Promising Growth

Significant Improvement in Trade Balance

In a recent report by the DSECE, France's trade deficit showed a notable decrease to €6.25 billion in March, down from a revised €7.7 billion in February. This improvement highlights a positive shift in the country's trade dynamics.

Exports and Imports on the Rise

Exports surged by 5.6% to €52.5 billion, while imports saw a modest increase of 2.3%, reaching €58.8 billion. This growth in exports is a promising sign for the French economy.

Energy and Manufactured Goods Balance

The energy balance experienced a slight decline to negative €4.9 billion, a decrease of €0.8 billion. Conversely, the manufactured goods balance improved significantly by €2.2 billion, standing at negative €3.1 billion for the month.