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Foreign Merchandise Trade Balance
In Q1 2021, exports of goods continued to grow, although less strongly than in Q4 2020 (+ 1.8% in Q1 2021 after + 7.4%), while imports accelerated significantly (+3, 7% after + 0.7%). Despite these cumulative increases since mid-2020, trade flows have not returned to their pre-crisis level this quarter. Exports and imports thus stand at 93% and 94% respectively of their average quarterly value for 2019. In total, the FOB / FOB trade balance deteriorates significantly compared to the 4th quarter of 2020 (by € 2.7 billion). and ended up at - € 15.4 billion. By product, the widening of the deficit is driven by ... (full story)