France: Record trade deficit in November with the jump in imports

PARIS (Reuters) – France’s trade deficit widened to nine billion euros in November, the highest level on record, amid a record increase in imports on the back of higher prices for the ‘energy.

In November, the amount of imports reached a historic sum of 52.5 billion euros, against 51.3 billion the previous month.

This unprecedented amount is largely explained by the rise in the prices of raw materials, especially energy, and industrial products, explains the Customs office.

At the same time, exports increased to 43.5 billion euros, against 43.2 billion in October, an amount almost equivalent to the record of April 2019, again thanks to the rise in prices.

(Report Blandine Hénault, edited by Nicolas Delame)

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