Saturday, July 7, 2012

French Trade

The French balance of payments in various trade categories (based on the Standard International Trade Codes) is shown below for both inter-EU trade and extra-EU trade. France is in increasing deficit with the EU27 but in rough balance with the rest of the world, despite a considerable deficit in the petroleum and other mineral fuels and lubricants category (POL). Note in particular the decline in French competitiveness in the Machinery and Transport Equipment and Other Manufactured Goods categories.