The trade deficit in France widened to EUR 8 billion in June of 2020 from an upwardly revised EUR 7.5 billion in May. It was the highest trade gap on record, as both exports and imports extended their recovery that began in May, after strong declines in April and March due to the coronavirus lockdown. Imports advanced 14.8 percent to EUR 40.4 billion, mainly due to purchases of automobiles and auto parts; mechanical, electrical & electronic equipment and coke & refined petroleum products. Exports rose 16.9 percent to EUR 32.4 billion, boosted by sales of automobiles and auto parts; chemicals, perfumes & cosmetics; and food products. The trade gap with the European Union widened by EUR 0.67 billion to EUR 4.27 billion and the deficit with Asia went down by EUR 0.1 billion to EUR 4.98 billion.
Balance of Trade in France averaged -1362.64 EUR Million from 1970 until 2020, reaching an all time high of 2674 EUR Million in October of 1997 and a record low of -7954.80 EUR Million in June of 2020. This page provides the latest reported value for - France Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. France Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Ministère de l'Économie et des Finances
Balance of Trade in France is expected to be -3700.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in France to stand at -6000.00 in 12 months time. In the long-term, the France Balance of Trade is projected to trend around -2650.00 EUR Million in 2021 and -330.00 EUR Million in 2022, according to our econometric models.