French trade deficit risks quadrupling in 2005

13th December 2005, Comments 0 comments

PARIS, Dec 13 (AFP) - France's trade deficit widened in October to EUR 2.463 billion, bringing the total deficit for the first 10 months of 2005 to a level four times higher than in the same period of 2004, official data showed on Tuesday.

PARIS, Dec 13 (AFP) - France's trade deficit widened in October to EUR 2.463 billion, bringing the total deficit for the first 10 months of 2005 to a level four times higher than in the same period of 2004, official data showed on Tuesday.

The cumulative trade deficit from January to October now stood at EUR 19.439 billion compared with EUR 4.85 billion in the same period of 2004, the French customs service that published the data said.

In October, exports were strong but imports remained stable at a high level, resulting in a further deterioration of the trade balance, the customs service said.

The trade deficit in September had been EUR 1.534 billion, revised data showed.

The increase in the price of oil in 2005 did not completely explain the rise of the trade deficit this year compared with 2004, customs said.

The deficit caused by trade in energy products has worsened by only EUR 7 billion in the first ten months of 2005 compared with the same period of 2004, less than the 400 percent increase in the cumulative trade deficit.

Copyright AFP

Subject: French news

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