Our trade deficit for February 2014 was €3.4 billion compared with €5.9 billion in January. The trade deficit stands at €59.1 billion over the 12-month period. It stood at €67.1 billion in 2012.
This monthly total, which remains unsatisfactory, can be explained in part by a significant reduction in our imports, especially imports of energy supplies.
Our exports fell slightly (-0.2%) and stagnated over the last 12 months.
Since 2012, the slight improvement in our foreign trade performance (-74 billion in 2011, 61 billion in 2013) is as much due to our continued export dynamism as it is due to the decrease in imports associated with weak domestic demand. The figures published today follow this trend.
The establishment within the government of an “international division,” bringing together foreign affairs, foreign trade and tourism, is aimed at improving the effectiveness of our system. It should help to improve our foreign trade performance.