When a country imports more than it exports, its economy weakens and its dependence on foreign markets increases. In November 2024, France's trade deficit stood at €7.3 billion, which corresponds to an improvement of €0.3 billion compared to the previous month. This slight reduction in the deficit is mainly explained by an increase in energy exports, which grew faster than imports. However, this improvement does not call into question the structural fragility of French foreign trade. Despite this one-off improvement, the imbalance between exports and imports remains critical. National industry is struggling to compete with international competition, and the trade balance remains largely in deficit. This situation raises questions about the competitiveness of French companies and their ability to establish themselves sustainably on foreign markets. Thus, the evolution of the deficit in the coming months will depend largely on the energy situation and the economic policies implemented to redress the trade balance.
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