According to statistics released by French Customs on the 8th, the trade deficit in France in November 2020 was 3.9 billion euros, the lowest level since June 2016.
In a press release issued in this regard, French Customs pointed out that the reduction in the trade deficit in November was mainly due to export growth and the stability of imports.
According to the data, in November, exports amounted to 39.3 billion euros, imports amounted to 43.2 billion euros, imports increased by 700 million euros, and imports increased by 100 million euros. In November, France’s exports returned to 92 percent of the 2019 average and imports recovered to 91 percent.
France’s trade deficit has declined continuously since September, thanks to the economic recovery after the epidemic eased in the summer of 2020.
However, the press release also pointed out that France’s annual trade deficit has remained high at 65 billion euros for four consecutive months.