Foreign trade was particularly buoyant in Q4 2021, but slowed in Q1 2022 with the worsening of the international environment due to supply chain disruptions and the outbreak of war in Ukraine at the end of February. Exports of manufactured products increased moderately, driven by sizeable aeronautical and naval deliveries, but imports contracted, especially in transport equipment and coke and refined petroleum products. Trade linked with tourism also slowed substantially (spending by foreign tourists in France) and even fell back (spending by French tourists abroad). Trade in energy evolved in diff erent ways, with imports accelerating strongly and exports slipping back. Only trade in services was dynamic, with the result that total imports were 0.6% below their pre-health crisis level...