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External trade
2nd quarter 2010: +24.3% year-on-year exports / +15.8% year-on-year imports
The sharp decline in the euro against other currencies at the beginning of 2010 continued into the second quarter of 2010.
In early June the European currency was valued at below US$1.20. Although much of Paris Region's trade takes place within the eurozone, this depreciation of the single currency helped boost trade in the region, particularly exports.
Export values of €16.8 billion reported in the second quarter by businesses in Paris Region more than substantiated the increases recorded in the first quarter of 2010 (+24.3% from +10.6%). At the same time, imports (€29.4 billion) also increased over the year but to a lesser extent (+15.8%). This had the effect of stabilising the trade deficit at below €13 billion (-€12.6 billion from -€12.3 billion).
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Quaterly change in office space take-up and average rent in Paris Region
Source: Directorate General of Customs and Excise, Ministry for the Budget, Public Accounts and the Civil Service
*CIF/FOB: accounting method that considers import value as cost, insurance and freight to the French border, and for exports, free on board to the French border
update November 19, 2010
