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


Recent Releases

France Posts Largest Trade Deficit in 15 Months
The French trade deficit widened to EUR 6.0 billion in May of 2018 from an upwardly revised 5.2 billion in April and way above market consensus of a EUR 5.1 billion shortfall. It was the largest trade gap since February 2017, as shipments fell faster than purchases.
Published on 2018-07-06

French Trade Deficit Unchanged in April
The French trade deficit narrowed slightly to EUR 4.95 billion in April of 2018 from a downwardly revised 5.01 billion in March and slightly below market consensus of a EUR 5.3 billion shortfall.
Published on 2018-06-07

French Trade Deficit Widens in March
The French trade deficit widened to EUR 5.3 billion in March of 2018 from a downwardly revised EUR 5.1 billion in February and slightly above market consensus of a EUR 4.9 billion shortfall. Imports rose 0.8 percent to EUR 45.2 billion, while exports increased at a slower 0.4 percent to EUR 39.9 billion.
Published on 2018-05-04

French Trade Deficit Narrows in February
The French trade deficit narrowed to EUR 5.2 billion in February of 2018 from a downwardly revised EUR 5.4 billion in January and slightly above market consensus of a EUR 5.15 billion shortfall. Imports fell 1.4 percent to EUR 44.9 billion, while exports declined at a slower 0.9 percent to EUR 39.7 billion.
Published on 2018-04-06



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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