France Balance of Trade  1970-2017 | Data | Chart | Calendar | Forecast

French trade deficit narrowed to EUR 4.5 billion in August of 2017 from a marginally revised EUR 5.9 billion in July and below market expectations of a EUR 5.4 billion gap. It was the smallest trade deficit since December 2016, as imports decreased by 1.8 percent from the previous month to EUR 44.3 billion while exports rose by 1.4 percent to EUR 39.8 billion. Balance of Trade in France averaged -1157.80 EUR Million from 1970 until 2017, reaching an all time high of 2674 EUR Million in October of 1997 and a record low of -7941 EUR Million in January of 2017.

France Balance of Trade
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French August Trade Deficit Smallest in 8 Months


French trade deficit narrowed to EUR 4.5 billion in August of 2017 from a marginally revised EUR 5.9 billion in July and below market expectations of a EUR 5.4 billion gap.

Imports fell by 1.8 percent from the previous month to EUR 44.3 billion in August, as purchases went down for: Aerospace industry (-13.4 percent); refined oil (-12.8 percent); chemicals (-8.7 percent); perfumes, cosmetics, cleaning products (-2.2 percent); agriculture products (-2 percent); electrical and household equipment (-2 percent); jewelry, toys, furniture (-1.4 percent); and industrial and agriculture machinery (-0.5 percent). In contrast, purchases rose for: Natural hydrocarbons (9.6 percent); automotive products (8.2 percent); works of arts, technical documentation, publishing products (1.4 percent); pharmaceuticals (1.4 percent); rubber products, plastics, various minerals (0.8 percent); computers, electronics and optical (0.8 percent); agri-food products (0.7 percent); textiles, leather (0.5 percent); ships, trains, bikes (0.5 percent); wood, paper, cardboard (0.2 percent); and metallurgical and metal products (0.1 percent).

Imports decreased from the Middle East (-24.5 percent), mainly from Saudi Arabia (-33.5 percent); Asia (-5.1 percent), mainly from India (-19.2 percent); and the EU (-1.2 percent), mainly from the UK (-7.9 percent). In contrast, purchases increased from Africa (3.2 percent) and America (0.6 percent).

Exports increased by 1.4 percent to EUR 39.8 billion, driven by higher sales of: Works of arts, technical documentation, publishing products (21.4 percent); aerospace industry (7.1 percent); agriculture products (5.8 percent); industrial and agriculture machinery (2.2 percent); automotive products (1.7 percent); agri-food products (1.7 percent); rubber products, plastics, various minerals (1.1 percent); computers, electronics and optical (1 percent); and metallurgical and metal products (0.2 percent). Meanwhile, outbound shipments fell for: Ships, trains, bikes (-32.9 percent); jewelry, toys, furniture (-10.1 percent); refined oil (-4.6 percent); pharmaceuticals (-2.9 percent); electrical and household equipment (-2.2 percent); perfumes, cosmetics, cleaning products (-2.2 percent); wood, paper, cardboard (-1.5 percent); textiles, leather (-1.4 percent); natural hydrocarbons (-0.4 percent); chemicals (-0.1 percent).

Exports increased to Asia (12 percent), mainly to Malaysia (171.5 percent), Vietnam (107.2 percent), China and Hong Kong (43.5 percent) and India (33 percent); America (3.3 percent); and the EU (0.2 percent). In contrast, sales decreased to Africa (-5.3 percent) and the Middle East (-1.3 percent).
 
 

Ministère de l'Économie et des Finances l Chusnul Ch Manan | chusnul@tradingeconomics.com
10/6/2017 9:24:27 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-08-08 06:45 AM Balance of Trade €-4.7B €-4.4B €-5.1B €-4.7B
2017-09-07 06:45 AM Balance of Trade €-6.0B €-4.9B €-4.5B €-4.2B
2017-10-06 06:45 AM Balance of Trade €-4.5B €-5.9B €-5.4B €-4.9B
2017-11-08 07:45 AM Balance of Trade €-4.5B
2017-12-07 07:45 AM Balance of Trade


France Trade Last Previous Highest Lowest Unit
Balance of Trade -4514.00 -5851.00 2674.00 -7941.00 EUR Million [+]
Exports 39811.00 39266.00 40364.00 1165.60 EUR Million [+]
Imports 44325.00 45117.00 45189.00 1151.90 EUR Million [+]
Current Account -1468.00 -4252.00 4784.00 -6419.00 EUR Million [+]
External Debt 4735352.00 4902448.00 4902448.00 3536444.00 EUR Million [+]
Current Account to GDP -0.90 -0.20 3.40 -2.10 percent [+]
Terms of Trade 115.09 114.93 115.70 89.50 Index Points [+]
Foreign Direct Investment 2936.00 3608.00 20881.00 -8809.00 EUR Million [+]
Capital Flows 1724.00 -17407.00 59842.00 -48842.00 EUR Million [+]
Remittances 50.00 50.00 87.00 22.00 EUR Million [+]
Gold Reserves 2435.91 2435.91 3024.70 2435.38 Tonnes [+]
Crude Oil Production 15.00 16.00 58.00 15.00 BBL/D/1K [+]
Terrorism Index 5.60 4.55 5.60 3.38 [+]
Tourism Revenues 6127.00 5893.00 6170.00 1426.00 EUR Million [+]
Tourist Arrivals 84500.00 83800.00 84500.00 75000.00 Thousand [+]
Weapons Sales 2226.00 2080.00 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 EUR and the increasing dependency on imports of energy and manufactured products. In 2015, the biggest trade deficits were recorded with: China, Germany, Belgium, Italy, the Netherlands and Ireland; while the biggest trade surpluses were recorded with: the UK, Hong Kong, Singapore, UAE, and Qatar. 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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-4514.00 -5851.00 2674.00 -7941.00 1970 - 2017 EUR Million Monthly




balance of trade by Country

Last
Australia 989.00 Aug/17
Brazil 5178.00 Sep/17
Canada -3413.40 Aug/17
China 286.10 Sep/17
Euro Area 16086.90 Aug/17
France -4514.00 Aug/17
Germany 20000.00 Aug/17
India -8984.29 Sep/17
Indonesia 1760.00 Sep/17
Italy 2769.02 Aug/17
Japan 670.17 Sep/17
Mexico -2732.00 Aug/17
Netherlands 4073.00 Aug/17
Russia 6612.00 Aug/17
South Korea 13800.00 Sep/17
Spain -3226685.00 Aug/17
Switzerland 2917.62 Sep/17
Turkey -5873.11 Aug/17
United Kingdom -5626.00 Aug/17
United States -42395.00 Aug/17