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

The trade deficit in France increased to EUR 5.69 billion in November of 2017 from an upwardly revised EUR 5.29 billion in October and well above market expectations of a EUR 4.7 billion gap. It is the highest trade shortfall since February as exports fell for the third straight month. Energy products, specially natural hydrocarbons accounted the most for the wider deficit, amid a sharp rise in supply, price growth and lower sales. A decline in shipments of autos and parts and clothing also weighed down on exports. Balance of Trade in France averaged -1177.40 EUR Million from 1970 until 2017, reaching an all time high of 2674 EUR Million in October of 1997 and a record low of -7995 EUR Million in January of 2017.

France Balance of Trade
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French Trade Gap Highest in 9 Months


The trade deficit in France increased to EUR 5.69 billion in November of 2017 from an upwardly revised EUR 5.29 billion in October and well above market expectations of a EUR 4.7 billion gap. It is the highest trade shortfall since February as exports fell for the third straight month. Energy products, specially natural hydrocarbons accounted the most for the wider deficit, amid a sharp rise in supply, price growth and lower sales. A decline in shipments of autos and parts and clothing also weighed down on exports.

Exports went down 1.6 percent month-over-month to EUR 39.3 billion, following a 0.4 percent drop in October. Sales declined for hydrocarbons (-11.3 percent), namely natural gas to Lebanon and Spain and electricity; pharmaceuticals (-8.2 percent) to Switzerland, China and Belgium; aerospace industry (-6.2 percent), namely aircraft to Germany, the US and Asia  and satellites to South Korea; refined oil (-4.5 percent) to the US, Belgium, Slovenia and Dominican Republic; autos and parts (-2.7 percent) to the EU, the US, South Korea, Argentina, Brazil and Thailand; clothing and textiles (-0.8 percent). 

Imports declined 0.5 percent month-over-month to EUR 45 billion, reversing from a 0.8 percent rise in October. Biggest drops were seen in purchases of pharmaceuticals (-20.7 percent); works of art, technical documentation, publishing products (-7.2 percent); wood, paper, cardboard (-3.3 percent); autos (-2.9 percent); rubber products, plastics, various minerals (-2.8 percent) and chemicals (-2.8 percent). On the other hand, a rise in imports was recorded for natural hydrocarbons, mining products, electricity (18.1 percent), mainly due to higher oil prices; refined oil (4.4 percent); ships, trains, motorcycles (4.4 percent); textiles and clothing (3 percent), namely clothing from China and Bangladesh, and shoes from Vietnam and Indonesia.


Ministère de l'Économie et des Finances | Joana Taborda | joana.taborda@tradingeconomics.com
1/9/2018 8:47:48 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-11-08 07:45 AM Balance of Trade €-4.7B €-4.2B €-4.8B €-4.1B
2017-12-07 07:45 AM Balance of Trade €-5.0B €-4.6B €-4.600B €-4.4B
2018-01-09 07:45 AM Balance of Trade €-5.7B €-5.3B €-4.7B €-4.8B
2018-02-07 07:45 AM Balance of Trade €-5.7B € -5.1B
2018-03-08 07:45 AM Balance of Trade € -5.2B
2018-04-07 06:45 AM Balance of Trade € -5.2B


France Trade Last Previous Highest Lowest Unit
Balance of Trade -5692.00 -5292.00 2674.00 -7995.00 EUR Million [+]
Exports 39315.00 39957.00 40376.00 1165.60 EUR Million [+]
Imports 45007.00 45249.00 45249.00 1151.90 EUR Million [+]
Current Account -3260.00 -2600.00 4784.00 -6434.00 EUR Million [+]
External Debt 4883344.00 4931229.00 4931229.00 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 2775.00 3194.00 20881.00 -8809.00 EUR Million [+]
Capital Flows -11644.00 -19512.00 36458.00 -31626.00 EUR Million [+]
Remittances 50.00 50.00 87.00 22.00 EUR Million [+]
Gold Reserves 2435.94 2435.91 3024.70 2435.38 Tonnes [+]
Terrorism Index 5.96 5.60 5.96 3.38 [+]
Tourism Revenues 2033.00 2705.00 6170.00 1426.00 EUR Million [+]
Tourist Arrivals 84500.00 83800.00 84500.00 75000.00 Thousand [+]
Crude Oil Production 15.00 15.00 58.00 15.00 BBL/D/1K [+]
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 January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-5692.00 -5292.00 2674.00 -7995.00 1970 - 2017 EUR Million Monthly




balance of trade by Country
Country Last
Australia -628.00 Nov/17
Brazil 4997.77 Dec/17
Canada -2540.40 Nov/17
China 546.85 Dec/17
Euro Area 26272.60 Nov/17
France -5692.00 Nov/17
Germany 23700.00 Nov/17
India -14880.19 Dec/17
Indonesia -270.00 Dec/17
Italy 4829.68 Nov/17
Japan 113.36 Nov/17
Mexico 399.21 Nov/17
Netherlands 6041.00 Nov/17
Russia 11515.00 Nov/17
South Korea 5783.00 Dec/17
Spain -1621000.00 Nov/17
Switzerland 2633.00 Nov/17
Turkey -6320.40 Nov/17
United Kingdom -2804.00 Nov/17
United States -50497.00 Nov/17


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