French trade deficit doubles ...News

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French trade deficit doubles
Soaring energy imports contributed to a record increase in the trade gap, official figures have shown The trade deficit in France almost doubled last year and reached a new record as the country’s energy imports surged, official data published on Tuesday showed. France’s trade deficit jumped to €164 billion ($176 billion) from €86 billion year-on-year, triggered by the energy crisis in the EU. According to trade ministry data, 86% of that increase was directly due to surging imports of oil, gas and electricity. Energy flows to the EU from Russia dropped to historic lows last year over the conflict in Ukraine, push

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