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.