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

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 exports fell 2 percent while imports were almost unchanged. Balance of Trade in France averaged -1219.05 EUR Million from 1970 until 2018, reaching an all time high of 2674 EUR Million in October of 1997 and a record low of -7589 EUR Million in January of 2017.

France Balance of Trade
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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.

Exports declined 2 percent month-over-month to EUR 40.5 billion in May 2018, reversing a 2.9 percent increase in April. Sales dropped mostly for aerospace products (-19.1 percent);works of art, technical documentation, publishing products (-13.7 percent); automotive products (-4.8 percent), and computer products, electronic and optical (-3.3 percent). Other decreases were also seen in industrial and agricultural machinery (-1.2 percent); wood, paper, cardboard (-1.1 percent); agricultural products (-0.7 percent), and electrical and household equipment (-0.2 percent).

Among major trading partners, shipments fell mostly to Germany (-0.4 percent); Italy (-0.1 percent) and the US (-1.0 percent) while increased to Spain (0.9 percent) and Belgium (0.2 percent).

Imports edged down 0.1 percent to EUR 46.5 billion, following a 2.8 percent growth in the previous month, dragged by slower purchases of aerospace products (-6.9 percent), mainly from the UK. Other significant losses were also recorded in ships, trains, and motorcycles (-2.5 percent); pharmaceutical products (-2.3 percent); natural hydrocarbons (-2.1 percent), and perfumes, cosmetics, cleaning products (-1.2 percent).

Among major trading partners, purchases declined primarily from Germany (-3.4 percent) and Italy (-0.6 percent) while they advanced from China (4.5 percent); Belgium (7.9 percent) and Spain (1.9 percent).


Ministère de l'Économie et des Finances | Chusnul Ch Manan | chusnul@tradingeconomics.com
7/6/2018 11:07:40 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-04 06:45 AM Balance of Trade €-5.3B €-5.1B €-4.9B €-3.3B
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 €-6.0B € -3.3B
2018-09-07 06:45 AM Balance of Trade €-4.0B
2018-10-06 06:45 AM Balance of Trade €-5.2B


France Trade Last Previous Highest Lowest Unit
Balance of Trade -6005.00 -5210.00 2674.00 -7618.00 EUR Million [+]
Exports 40514.00 41339.00 41775.00 1165.60 EUR Million [+]
Imports 46519.00 46549.00 46549.00 1151.90 EUR Million [+]
Current Account -2917.00 -1281.00 4784.00 -6151.00 EUR Million [+]
External Debt 4830884.00 4891911.00 4931229.00 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 3062.00 3607.00 20881.00 -8809.00 EUR Million [+]
Capital Flows -8734.00 -13480.00 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 4922.00 4558.00 7259.00 1426.00 EUR Million [+]
Tourist Arrivals 82600.00 84500.00 84500.00 75000.00 Thousand [+]
Crude Oil Production 15.00 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-6005.00 -5210.00 2674.00 -7618.00 1970 - 2018 EUR Million Monthly




balance of trade by Country
Country Last
Australia 827.00 May/18
Brazil 5881.58 Jun/18
Canada -2771.20 May/18
China 416.13 Jun/18
Euro Area 16514.10 May/18
France -6005.00 May/18
Germany 19669.00 May/18
India -16600.00 Jun/18
Indonesia 1742.60 Jun/18
Italy 3377.54 May/18
Japan -578.32 May/18
Mexico -1587.00 May/18
Netherlands 5030.00 May/18
Russia 15151.00 May/18
South Korea 6331.21 Jun/18
Spain -3050045.00 Apr/18
Switzerland 2255.00 May/18
Turkey -7759.34 May/18
United Kingdom -2790.00 May/18
United States -43053.00 May/18


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