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France's trade gap down in Feb. on slumping purchases

English.news.cn   2014-04-09 12:40:27

PARIS, April 8 (Xinhua) -- Falling imports of energy products helped France cut its trade deficit to 3.4 billion euros (4.69 billion U.S. dollars) in February from 5.9 billion euros a month earlier, government figures showed on Tuesday.

Over the past 12 months, the cumulative trade deficit reached 59.1 billion euros in total.

"This monthly result, still unsatisfactory, is partly explained by a significant reduction of imports, especially of our energy supplies," said Romain Nadal, spokesman for the Foreign Affairs and International Development Ministry.

"Since 2012, the slight improvement in the results of our foreign trade... is based mainly on the continued dynamism of our strong exports and to a decline in imports related to the weakness of domestic demand," he added.

France's total exports inched down by 0.2 percent to 36.2 billion euros over the period while the value of imports stood at 39.6 billion euros, down from 41.9 billion euros recorded in January, customs figures showed.

The newly-named Prime Minister Manuel Valls gave trade issue to the foreign ministry in a fresh move to shift more diplomatic focus towards winning business deals in markets where French firms are weak. (1 euro = 1.379 U.S. dollar)

Editor: Yang Yi
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