French foreign trade reduced its deficit in the first half

by time news

2023-08-08 14:20:20

After an “annus horribilis” marked by abysmal losses, French foreign trade is recovering. The deficit in the trade balance for goods in the first half of 2023 amounted to -54 billion euros, according to figures released on Tuesday morning. “The news is positive for once! », welcomed Olivier Becht, Minister delegate in charge of foreign trade and attractiveness, presenting these results.

Even if this figure is still very high, it represents a clear improvement: in the second half of 2022, the “hole” amounted to 89 billion euros. It had thus reached 164 billion euros over the whole of the past year, weighed down by soaring prices on the energy markets linked to the Russian attack in Ukraine. Sign of the improvement, for three quarters, foreign trade has also come to the rescue of French GDP growth. “In the second quarter, it contributed 0.7 points to GDP and this is not due only to the delivery of a liner”, insisted on specifying the minister.

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