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

The French trade deficit widened to EUR 6.2 billion in June 2018 from 6.0 billion in May and above market consensus of a EUR 5.1 billion gap. It was the largest trade deficit since February 2017, as imports rose 1.4 percent to an all-time high of EUR 47.2 billion and exports rose at a softer 1 percent to EUR 40.9 billion. Balance of Trade in France averaged -1229.49 EUR Million from 1970 until 2018, reaching an all time high of 2674 EUR Million in October of 1997 and a record low of -7670 EUR Million in January of 2017.

France Balance of Trade
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France Posts Largest Trade Gap in 16 Months


The French trade deficit widened to EUR 6.2 billion in June 2018 from 6.0 billion in May and above market consensus of a EUR 5.1 billion gap. It was the largest trade deficit since February 2017 as imports hit an all-time high.

Imports increased 1.4 percent from a month earlier to a record high of EUR 47.2 billion in June, following a 0.1 percent drop in the prior month, driven by higher purchases of natural hydrocarbons, mining products, electricity (19.8 percent). Other significant gains were also recorded in refined oil (6 percent); jewelry, toys, furniture (6.1 percent); metallurgical and metal products (2.1 percent); and pharmaceutical products (1.5 percent).

Among major trading partners, purchases increased primarily from Germany (0.8 percent); Italy (2.4 percent); Belgium (1 percent) and the US (5.9 percent). On the other hand, imports-arrivals fell from China (-2.3 percent).

Exports advanced at a softer 1 percent to EUR 40.9 billion in June, reversing a 2 percent fall in May. Sales rose mostly for pharmaceutical products (14.7 percent); aerospace products (6.2 percent); works of art, technical documentation, publishing products (6.4 percent); and natural hydrocarbons, mining products, electricity (6.3 percent). Other increases were also seen in automotive products (1.4 percent); wood, paper, cardboard (0.3 percent).

Among major trading partners, shipments went up mostly to Spain (2.9 percent); Italy (1.3 percent); Belgium (7.3 percent) and the US (0.6 percent) while they fell to Germany (-3.6 percent).


Ministère de l'Économie et des Finances | Chusnul Ch Manan | chusnul@tradingeconomics.com
8/7/2018 10:35:58 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-06-07 06:45 AM Balance of Trade €-5.0B €-5.01B €-5.3B €-4.2B
2018-07-06 06:45 AM Balance of Trade €-6.0B €-5.2B €-5.1B €-5.6B
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 €-6.2B €-4.0B
2018-10-08 06:45 AM Balance of Trade €-5.2B
2018-11-08 07:45 AM Balance of Trade € -4.7B


France Trade Last Previous Highest Lowest Unit
Balance of Trade -6248.00 -6019.00 2674.00 -7670.00 EUR Million [+]
Exports 40929.00 40517.00 41720.00 1165.60 EUR Million [+]
Imports 47177.00 46536.00 47177.00 1151.90 EUR Million [+]
Current Account -2333.00 -2930.00 4784.00 -6152.00 EUR Million [+]
External Debt 5006398.00 4830884.00 5006398.00 3536444.00 EUR Million [+]
Current Account to GDP -0.80 -0.90 3.40 -2.10 percent [+]
Terms of Trade 113.37 114.27 115.69 89.48 Index Points [+]
Foreign Direct Investment 2927.00 3062.00 20881.00 -8809.00 EUR Million [+]
Capital Flows 21656.00 -8734.00 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 5520.00 4922.00 7259.00 1426.00 EUR Million [+]
Tourist Arrivals 82600.00 84500.00 84500.00 75000.00 Thousand [+]
Crude Oil Production 16.00 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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-6248.00 -6019.00 2674.00 -7670.00 1970 - 2018 EUR Million Monthly




balance of trade by Country
Country Last
Australia 1873.00 Jun/18
Brazil 4227.00 Jul/18
Canada -625.50 Jun/18
China 280.50 Jul/18
Euro Area 16514.10 May/18
France -6248.00 Jun/18
Germany 21792.00 Jun/18
India -18020.00 Jul/18
Indonesia -2030.30 Jul/18
Italy 5071.00 Jun/18
Japan 721.41 Jun/18
Mexico -897.00 Jun/18
Netherlands 4813.00 Jun/18
Russia 15555.00 Jun/18
South Korea 7006.00 Jul/18
Spain -2153628.00 May/18
Switzerland 1308.99 Jun/18
Turkey -5496.69 Jun/18
United Kingdom -1861.00 Jun/18
United States -46348.00 Jun/18


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