France’s trade deficit widens in 2018 on high energy bill

10 February, 2019 12:00 AM printer

PARIS: Trade deficit of France widened by 2.1 billion euros (2.37 billion U.S. dollars) to 59.9 billion euros (67.92 billion dollars) in the previous year compared to 2017, as results of soaring oil prices, according to data released by customs services on Thursday.

"This new deterioration in France's trade balance is due to the increase in the energy deficit because of rising oil prices," they said in a monthly economic report, reports Xinhua.

The energy deficit widened to 46 billion euros (52.16 billion dollars) last year from 39.3 billion euros (44.56 billion dollars) a year earlier, customs data showed.