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France trade deficit rises to 4.5 bln euros in July on soaring oil costs

Xinhua, September 7, 2016 Adjust font size:

France's foreign trade deficit widened by 28.5 percent to 4.5 billion euros (5 billion U.S. dollars) in July on soaring oil imports, according to data published Wednesday by French customs.

The country's total imports stood at 41.4 billion euros, up by 2.4 percent from June mainly due to a rebound in oil purchases after the end of protests at refineries, customs said.

At the end of July, France registered a slight fall in its sales abroad to 36.9 billion euros on tepid aeronautical exports which generated 1.96 billion euros compared to 2.85 billion euros collected a month earlier.

For the past 12 months, trade gap widened by 1.7 billion euros to 47.5 billion euros in total compared to 2015.Endi