French trade deficit narrows in January

11th March 2005, Comments 0 comments

PARIS, March 11 (AFP) - The French trade deficit narrowed sharply in January as a pickup in exports of ships, aircraft and mechanical equipment offset the higher cost of oil imports, customs figures showed Friday.

PARIS, March 11 (AFP) - The French trade deficit narrowed sharply in January as a pickup in exports of ships, aircraft and mechanical equipment offset the higher cost of oil imports, customs figures showed Friday.

The deficit fell to EUR 931 million (USD 1.2 billion) from EUR 2.54 billion in December, with exports rising to EUR 29.844 billion from EUR 28.285 billion and imports easing to EUR 30.755 billion from EUR 30.825 billion.

Several large naval contracts, the delivery of 11 Airbus aircraft and a surge in exports of mechanical equipment led the rise, with help from intermediate goods, automobiles and pharmaceutical products.

© AFP

Subject: French News

0 Comments To This Article