France Balance of Trade  1970-2018 | Data | Chart | Calendar | Forecast

The French trade deficit widened sharply to EUR 5.6 billion in August 2018 from a revised 3.4 billion in the previous month and way above market consensus of a EUR 4.5 billion gap. Imports jumped 4.9 percent to a near-record of EUR 47.0 billion while exports were almost unchanged at EUR 41.3 billion. Balance of Trade in France averaged -1241.65 EUR Million from 1970 until 2018, reaching an all time high of 2674 EUR Million in October of 1997 and a record low of -7803 EUR Million in January of 2017.

France Balance of Trade
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French Trade Gap Widens Sharply in August


The French trade deficit widened sharply to EUR 5.6 billion in August 2018 from a revised 3.4 billion in the previous month and way above market consensus of a EUR 4.5 billion gap. Imports jumped 4.9 percent to a near-record of EUR 47.0 billion while exports were almost unchanged at EUR 41.3 billion.

Imports climbed 4.9 percent from a month earlier to a near all-time high of EUR 47.0 billion in August driven by purchases of metallurgical and metal products (10.3 percent), industrial and agricultural machinery (3.4 percent), computer, electronic and optical products (3 percent), and natural hydrocarbons, mining products, electricity (2.9 percent). Meantime, imports of automotive industry products fell 0.4 percent.
 
Among major trading partners, imports rose mainly from Italy (8.9 percent), Spain (3.3 percent), Belgium (3.2 percent), Germany (2 percent) and China & Hong Kong (1.6 percent).

Meanwhile, exports edged down 0.1 percent to EUR 41.3 billion in August as sales declined mostly for aerospace industry products (-24.7 percent). Still, there were increases in exports of chemical products (7.5 percent), industrial and agricultural machinery (7.2 percent), automotive industry products (4.6 percent) and food industry products (1.6 percent).
 
Among major trading partners, exports declined mostly to Spain (-4.2 percent), but went up to the US (6.3 percent), Italy (5.2 percent), Germany and Belgium (0.2 percent each).


Ministère de l'Économie et des Finances l Chusnul Ch Manan | chusnul@tradingeconomics.com
10/8/2018 11:19:49 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-08-07 06:45 AM Balance of Trade €-6.2B €-6B €-5.1B € -3.3B
2018-09-07 06:45 AM Balance of Trade €-3.5B €-6.1B €-5.7B €-4.0B
2018-10-05 06:45 AM Balance of Trade €-5.6B €-3.4B €-4.5B €-5.2B
2018-11-08 07:45 AM Balance of Trade €-5.6B € -4.7B
2018-12-07 07:45 AM Balance of Trade €-4.0B


France Trade Last Previous Highest Lowest Unit
Balance of Trade -5632.00 -3427.00 2674.00 -7803.00 EUR Million [+]
Exports 41324.00 41355.00 41720.00 1165.60 EUR Million [+]
Imports 46956.00 44782.00 46980.00 1151.90 EUR Million [+]
Current Account -1609.00 324.00 4784.00 -6157.00 EUR Million [+]
External Debt 5157170.00 5001019.00 5157170.00 3536444.00 EUR Million [+]
Current Account to GDP -0.80 -0.90 3.40 -2.10 percent [+]
Terms of Trade 113.98 113.70 115.69 89.48 Index Points [+]
Foreign Direct Investment 3013.00 3085.00 20881.00 -8809.00 EUR Million [+]
Capital Flows -5512.00 -2023.00 36458.00 -31626.00 EUR Million [+]
Remittances 43.00 43.00 87.00 22.00 EUR Million [+]
Gold Reserves 2436.00 2436.00 3024.70 2435.38 Tonnes [+]
Terrorism Index 5.96 5.60 5.96 3.38 [+]
Tourism Revenues 7353.00 7838.00 7838.00 1426.00 EUR Million [+]
Tourist Arrivals 82600.00 84500.00 84500.00 75000.00 Thousand [+]
Crude Oil Production 15.00 15.00 58.00 15.00 BBL/D/1K [+]
Weapons Sales 2162.00 2278.00 4029.00 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-5632.00 -3427.00 2674.00 -7803.00 1970 - 2018 EUR Million Monthly




balance of trade by Country
Country Last
Argentina -1127.00 Aug/18
Australia 1604.00 Aug/18
Brazil 4971.00 Sep/18
Canada 526.10 Aug/18
China 316.93 Sep/18
Euro Area 11671.20 Aug/18
France -5632.00 Aug/18
Germany 17174.00 Aug/18
India -13980.00 Sep/18
Indonesia 227.10 Sep/18
Italy 2564.00 Aug/18
Japan 139.56 Sep/18
Mexico -2590.00 Aug/18
Netherlands 3463.00 Aug/18
Russia 15797.00 Aug/18
Saudi Arabia 162782.00 Jun/18
Singapore 3685.26 Sep/18
South Africa 8794.70 Aug/18
South Korea 9746.00 Sep/18
Spain -3247700.00 Jul/18
Switzerland 1447.00 Sep/18
Turkey -2421.79 Aug/18
United Kingdom -1274.00 Aug/18
United States -53237.00 Aug/18


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