In May 2020, the deterioration of French imports and exports observed in March and April stops. A slight recovery begins, trade reaching approximately 3/4 of their pre-crisis level. The deficit increases significantly for the second month consecutive (+2.0 billion euros after +2.1 in April) to reach 7.1 billion euros. In May, the energy deficit remains at a historically low level. Excluding energy, the deficit increased again due to the larger rebound in imports compared to that of exports. External flows of consumer goods and intermediate goods are recovering but are still below 1/5 of February 2020 levels. Capital ... (full story)