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Monthly analysis - October 2020
In October 2020, exports continue their recovery that began in June. They thus rose to 91% of their average level for 2019 (+3 points compared to September). Imports remain stable at 92%. The increase in exports combined with the stability of imports significantly reduced the deficit (by 1.0 billion euros), which reached the monthly average level of 2019, namely 4.9 billion euros. In October, the energy deficit remained at a historically low level of 2.0 billion euros. Excluding energy, the deficit fell, in a context of a marked recovery in exports. Trade in capital goods is still rebounding strongly, especially ... (full story)