The French trade deficit decreased to EUR 4.6 billion in July 2019 from an upwardly revised EUR 5.3 in the previous month. Exports rose 1.1 percent month-over-month to EUR 42.2 billion while imports fell 0.4 percent to EUR 46.8 billion. Balance of Trade in France averaged -1239.40 EUR Million from 1970 until 2019, reaching an all time high of 2674 EUR Million in October of 1997 and a record low of -7476 EUR Million in January of 2017.

Balance of Trade in France is expected to be -4900.00 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 -3950.00 in 12 months time. In the long-term, the France Balance of Trade is projected to trend around -2650.00 EUR Million in 2020, according to our econometric models.

France Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-07 06:45 AM Balance of Trade Apr €-5B €-5.5B €-4.9B €-4.6B
2019-07-05 06:45 AM Balance of Trade May €-3.3B €-4.9B €-4.95B €-5.7B
2019-08-07 06:45 AM Balance of Trade Jun €-5.2B €-3.3B €-4B €-4.8B
2019-09-06 06:45 AM Balance of Trade Jul €-4.6B €-5.3B €-3.2B
2019-10-08 06:45 AM Balance of Trade Aug €-4.6B €-3.8B
2019-11-08 07:45 AM Balance of Trade Sep € -4.9B
2019-12-06 07:45 AM Balance of Trade Oct €-3.4B



French Trade Gap Narrows in July

The French trade deficit decreased to EUR 4.6 billion in July 2019 from an upwardly revised EUR 5.3 in the previous month. Exports rose 1.1 percent month-over-month to EUR 42.2 billion while imports fell 0.4 percent to EUR 46.9 billion.

Exports advanced 1.1 percent from a month earlier to EUR 42.2 billion in July 2019. Main increases were seen in sales of other industrial products (1.1 percent), of which pharmaceutical products (8 percent), metallurgical & metal products (0.2 percent) and textiles, clothing, leather & shoes (0.6 percent); transport equipment (1.7 percent), namely aerospace products (3.3 percent); agribusiness products (0.7 percent), primarily fish (35.1 percent) and dairy products (13.8 percent); agricultural, forestry, fishery and aquaculture products (9.8 percent); coke and refined petroleum products (22.4 percent) and natural hydrocarbons, mining products, electricity (1.7 percent). In contrast, shipments declined for mechanical, electrical, electronic and computer equipment (-1.6 percent).

Among major trading partners, exports rose to the EU (3.0 percent), America (3.7 percent) and Africa (5.0 percent), but decreased to Asia (-5.0 percent) and the Middle East (-26.7 percent).

Imports decreased 0.4 percent month-over-month to EUR 46.9 billion, amid lower purchases of other industrial products (-0.5 percent), mostly chemicals, perfumes, cosmetics (-4.4 percent) and textiles, clothing, leather & shoes (-1.4 percent); mechanical, electrical, electronic and computer equipment (-1.7 percent); coke and refined petroleum products (-4.9 percent) and publishing and communication (-1.4 percent). On the other hand, acquisitions went up for transport equipment (0.5 percent), as higher imports of automotive equipment (2.3 percent) and boats & ships (274.4 percent) outweighed declines seen in vehicles (-5 percent) and aerospace products (-0.7 percent). Also, imports advanced for natural hydrocarbons, mining products, electricity (1.7 percent); agribusiness products (2.0 percent) and agricultural, forestry, fishery and aquaculture products (2.8 percent).

Among major trading partners, imports were down from the EU (-0.3 percent), Asia (-2.3 percent), America (-2.7 percent), Africa (-1.7 percent), while grew from the Middle East (19.3 percent).


Ministère de l'Économie et des Finances | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
9/6/2019 8:59:18 AM



France Trade Last Previous Highest Lowest Unit
Balance of Trade -4607.00 -5254.00 2674.00 -7476.00 EUR Million [+]
Current Account 173.00 -1141.00 4784.00 -6602.00 EUR Million [+]
Current Account to GDP -0.30 -0.60 3.40 -2.10 percent [+]
Imports 46849.00 47029.00 48343.00 1151.90 EUR Million [+]
Exports 42243.00 41775.00 43965.00 1165.60 EUR Million [+]
External Debt 5484334.00 5090901.00 5484334.00 3536444.00 EUR Million [+]
Terms of Trade 115.15 114.77 115.87 89.48 Index Points [+]
Foreign Direct Investment 1487.00 2348.00 21742.00 -7723.00 EUR Million [+]
Capital Flows -13343.00 14376.00 36458.00 -31626.00 EUR Million [+]
Remittances 72.00 72.00 87.00 22.00 EUR Million [+]
Gold Reserves 2436.07 2436.00 3024.70 2435.38 Tonnes [+]
Terrorism Index 5.48 5.96 5.96 3.38 [+]
Tourism Revenues 7841.00 6134.00 7841.00 1426.00 EUR Million [+]
Tourist Arrivals 86900.00 82600.00 86900.00 75000.00 Thousand [+]
Weapons Sales 1768.00 2302.00 4021.00 8.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



France Balance of Trade

Since 2004, France has been recording trade deficits due the gradual erosion of the export-oriented industry, the appreciation of the euro and the increasing dependency on imports of energy and manufactured products. In 2017, the biggest trade deficits were recorded with: China & Hong Kong, Germany, the Netherlands, Italy and Belgium; while the biggest trade surpluses were recorded with: the Middle East, the UK, Africa and Switzerland. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-4607.00 -5254.00 2674.00 -7476.00 1970 - 2019 EUR Million Monthly




Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia -60.00 Jul/19
Italy 5728.50 Jun/19
Japan -249.59 Jul/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 2831.10 Jul/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 2671.16 Jul/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19


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