French trade deficit continues to narrow in 2024
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FILE PHOTO: Cranes move shipping containers stacked along a dockside in Fos sur Mer, France, April 20, 2016. REUTERS/Jean-Paul Pelissier/File Photo
(Reuters) - French trade deficit continued to narrow in 2024, the country's customs office said on Friday.
The deficit continued to recover for a second consecutive year after a historic low of more than 162 billion euros ($168.4 billion) in 2022.
It was around 81 billion euros in 2024, up from a deficit of around 100 billion euros in the prior year, customs data showed.
The improvement was driven by energy, and electricity in particular which reached a historic surplus, and manufactured goods, the customs said.
However, last year's trade balance remained 23 billion euros below that of 2019, mainly due to the cost of imported energy and a worsening balance in transport equipment.
($1 = 0.9622 euros)
(Reporting by Michal Aleksandrowicz)
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