The trade gap in France narrowed to EUR 3.4 billion in December of 2020, the lowest since March, from EUR 3.8 billion in November. Imports fell 1% to EUR 42.6 billion, amid reduced purchases of automotive products (-8.9%) and aerospace products (-16.2%); mechanical equipment, electrical, electronic & computers (-0.7%) and natural hydrocarbons and other products of mining (-18.3%). Among major trade partners, imports decreased mostly from Germany (-3.1%), China (-2.5%) and the US (-9%). Meanwhile, exports dropped just 0.1% to EUR 39.3 billion, as lower sales of mechanical equipment, electrical, electronic & computers (-2.7%), agricultural goods (-6.3%) and coke & refined petroleum products (-10.4%) were partly offset by stronger shipments of aerospace products (23.7%). Shipments fell mainly to Germany (-11.7%) and the US (-4.4%). In 2020, the country's trade gap widened to EUR 65.2 million from EUR 57.9 million, with exports and imports falling 15.9% and 13%, respectively. source: Ministère de l'Économie et des Finances
Balance of Trade in France averaged -1399.97 EUR Million from 1970 until 2020, reaching an all time high of 2674 EUR Million in October of 1997 and a record low of -8072.80 EUR Million in June of 2020. 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 February of 2021.
Balance of Trade in France is expected to be -3350.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in France to stand at -2650.00 in 12 months time. In the long-term, the France Balance of Trade is projected to trend around -3650.00 EUR Million in 2022 and -3330.00 EUR Million in 2023, according to our econometric models.