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The French trade balance continued its stabilization in 2013

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The French trade balance continued its stabilization.

The French trade balance continued its stabilization in 2013, however, the French economic slowdown has continued on its same course since 2012, with a deficit of 61,2 billion Euros.

Exports have been reduced by 1,3% and imports by 2,3%. The gross coverage rate lies at 87,7%.
The agricultural/fishing (+8,7%) and food and agricultural (+1,4%) sectors, are the few which have seen an increase in international sales.  Although the figures for the transport and industrial industries have dropped slightly, the aeronautical sector (+1%) and pharmaceutical sector (+2,5%) have shown a slight increase in sales. Hydrocarbon, electricity (-13,5%) and products deriving from petrol (-12,5%) have been the worst affected due to the international energy crisis.

Source: French Ministry of Foreign Trade