France's trade deficit doubled to record high in 2022 on energy imports

BY Reuters | ECONOMIC | 02/07/23 02:50 AM EST

PARIS, Feb 7 (Reuters) - France's trade deficit nearly doubled in 2022 to a new record high as Europe's energy crisis caused its gas, oil and power imports to soar, official data showed on Tuesday.

The trade deficit surged to 164 billion euros ($176 billion) from 86 billion the previous year, with 86% of that increase directly due to energy imports, the trade ministry said. (Reporting by Leigh Thomas; editing by Jason Neely)

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