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France’s trade deficit widens as exports fall

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France’s trade deficit widened in September as declines in exports were sharper than the fall in imports, the French customs office said this week.

The eurozone’s second-largest economy recorded a 4.77 billion euro ($5.28 billion) trade deficit in September after a EUR4.19 billion deficit in August. The aeronautical sector increased the deficit as imports rose sharply.

International trade in cars and pharmaceuticals declined after spikes in August, but the fall in imports was greater than export declines