France's trade deficit widened to EUR 9.73 billion in November of 2021 from an upwardly revised EUR 7.70 billion in the previous month. That was the largest trade shortfall since available records began in January of 1970, as imports surged 5.3 percent from a month earlier to an all-time high of EUR 53.7 billion, boosted by purchases of natural hydrocarbons and other products of the extractive industries (8.3 percent) and electricity and gas (366.5 percent) whose prices have been spiraling upward; pharmaceutical products (11 percent); and automotive products (7.5 percent). Meanwhile, exports rose 1.6 percent to an over two-year high of EUR 44 billion, driven by sales of pharmaceutical products (9.3 percent); textiles, clothing, leather and shoes (3.6 percent); mechanical equipment & electronic, and computers equipment (19 percent); transport equipment (17.6 percent) and food products (11 percent). source: Ministère de l'Économie et des Finances

Balance of Trade in France averaged -1492.99 EUR Million from 1970 until 2021, reaching an all time high of 2674 EUR Million in October of 1997 and a record low of -9727 EUR Million in November of 2021. 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 - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

Balance of Trade in France is expected to be -4480.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the France Balance of Trade is projected to trend around -3740.00 EUR Million in 2023, according to our econometric models.

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France Balance of Trade


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.
Actual Previous Highest Lowest Dates Unit Frequency
-9727.00 -7697.00 2674.00 -9727.00 1970 - 2021 EUR Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-12-07 07:45 AM Oct €-7.51B €-6.94B €-6.9B
2022-01-07 07:45 AM Nov €-9.73B €-7.7B €-6.3B
2022-02-08 07:45 AM Dec €-9.73B € -4.5B


Related Last Previous Unit Reference
Balance of Trade -9727.00 -7697.00 EUR Million Nov/21
Current Account -3600.00 -2500.00 EUR Million Nov/21
Imports 53744.00 51024.00 EUR Million Nov/21
Exports 44017.00 43327.00 EUR Million Nov/21


News Stream
France Posts Record Trade Deficit in November
France's trade deficit widened to EUR 9.73 billion in November of 2021 from an upwardly revised EUR 7.70 billion in the previous month. That was the largest trade shortfall since available records began in January of 1970, as imports surged 5.3 percent from a month earlier to an all-time high of EUR 53.7 billion, boosted by purchases of natural hydrocarbons and other products of the extractive industries (8.3 percent) and electricity and gas (366.5 percent) whose prices have been spiraling upward; pharmaceutical products (11 percent); and automotive products (7.5 percent). Meanwhile, exports rose 1.6 percent to an over two-year high of EUR 44 billion, driven by sales of pharmaceutical products (9.3 percent); textiles, clothing, leather and shoes (3.6 percent); mechanical equipment & electronic, and computers equipment (19 percent); transport equipment (17.6 percent) and food products (11 percent).
2022-01-07
French Trade Deficit Above Expectations
France's trade deficit widened to EUR 7.513 billion in October of 2021 from an upwardly revised EUR 6.943 billion in the previous month and compared to market expectations of a EUR 6.9 billion deficit. Exports rose 2.6 percent from a month earlier to EUR 43.1 billion, mainly due to transport equipment (+1.2 percent) and products of the food industry (+0.6 percent). Meanwhile, imports climbed at a faster 3.4 percent to EUR 50.616 billion, boosted by purchases of mechanical equipment & electronic, and computers equipment (+2.3 percent), transport equipment (+6.2 percent), products of the food industry (+2.4 percent) and refined petroleum products and coke (+14.8 percent).
2021-12-07
France Trade Deficit Widens in September
France's trade deficit widened to EUR 6.78 billion in September of 2021 from a downwardly revised EUR 6.66 billion in the previous month and compared to market expectations of a EUR 7.08 billion deficit. Exports went down 0.9 percent, dragged down by shipments of mechanical equipment & electronic, and computer equipment (-1 percent); transport equipment (-4.3 percent) and products of the food industry (-4.7 percent). Geographically, sales went down to the EU (-0.3 percent) and Asia (-1.1 percent). Meanwhile, imports edged down 0.5 percent, due to mechanical equipment & electronic, and computers equipment (-1.9 percent) and transport equipment (-4.3 percent). Within key trading partners, purchases fell from the EU (-2.7 percent) and America (-1.3 percent). Considering the third quarter of the year, the country’s trade gap widened to EUR 20.5 billion from EUR 19.3 billion, with exports rising 2.7 percent and imports climbing at a faster 3.2 percent.
2021-11-09