The trade deficit in France narrowed to €3.3 billion in March of 2020 from a downwardly revised €5 billion in the previous month. It is the lowest trade gap since December of 2016 as the coronavirus pandemic and lockdown restrictions pushed both imports and exports down. Imports plunged 18.5% to €38.54 billion, the lowest since October of 2010 mainly due to a 14.6% drop in industrial purchases and an 18% fall in imports of mechanical, electrical and electronic equipment. Purchases from the EU went down 19.4%. Exports plunged 16.7% to €35.19 billion, the lowest since July of 2011, also due to lower sales of industrial products (-8.4%), transport equipment (-32%) and mechanical, electrical and electronic equipment (-18.3%). Shipments to the EU dropped 18.6%. Considering Q1, exports went down 7.3% and imports 6.2%, widening the trade gap to €14.5 billion.

Balance of Trade in France averaged -1336.74 EUR Million from 1970 until 2020, reaching an all time high of 2674 EUR Million in October of 1997 and a record low of -7372 EUR Million in January of 2017. 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 May of 2020. source: Ministère de l'Économie et des Finances

Balance of Trade in France is expected to be -4300.00 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 -3520.00 in 12 months time. In the long-term, the France Balance of Trade is projected to trend around -2650.00 EUR Million in 2021 and -3330.00 EUR Million in 2022, according to our econometric models.

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France Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-3342.80 -5031.30 2674.00 -7372.00 1970 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-07 07:45 AM Dec €-4.05B €-5.38B €-5B €-4.1B
2020-03-06 07:45 AM Jan €-5.887B €-3.716B €-4.4B
2020-04-07 06:45 AM Feb €-5.2B €-6B €-4.93B €-4.3B
2020-05-07 06:45 AM Mar €-3.3B €-5B € -4B
2020-06-09 06:45 AM Apr €-3.3B €-5.4B
2020-07-06 06:45 AM May €-3.8B
2020-08-07 06:45 AM Jun € -4.3B
2020-09-07 06:45 AM Jul €-4.8B


News Stream
French Trade Gap Lowest since 2016
The trade deficit in France narrowed to €3.3 billion in March of 2020 from a downwardly revised €5 billion in the previous month. It is the lowest trade gap since December of 2016 as the coronavirus pandemic and lockdown restrictions pushed both imports and exports down. Imports plunged 18.5% to €38.54 billion, the lowest since October of 2010 mainly due to a 14.6% drop in industrial purchases and an 18% fall in imports of mechanical, electrical and electronic equipment. Purchases from the EU went down 19.4%. Exports plunged 16.7% to €35.19 billion, the lowest since July of 2011, also due to lower sales of industrial products (-8.4%), transport equipment (-32%) and mechanical, electrical and electronic equipment (-18.3%). Shipments to the EU dropped 18.6%. Considering Q1, exports went down 7.3% and imports 6.2%, widening the trade gap to €14.5 billion.
2020-05-07
French Trade Gap Narrows in February
France's trade deficit narrowed to EUR 5.2 billion in February 2020 from a revised EUR 6.0 billion in the previous month and compared to market expectations of a EUR 4.93 billion gap. Exports jumped 5.1 percent boosted by sales of transport equipment, mechanical equipment, electrical, electronic & IT equipment, and food industry products. Among key trade partners, exports were up to the EU (5.8 percent), Africa (19.9 percent), America (1.1 percent) and the Middle East (24.1 percent), but declined to Asia (-8.6 percent). Meanwhile, imports advanced at a softer 2.8 percent, boosted by purchases of transport equipment, mechanical equipment, electrical, electronic & IT equipment, coke & refined petroleum products, food industry products and natural hydrocarbons, other products of the extraction industries, electricity, waste. Imports were up from the EU (1.6 percent), Africa (18.9 percent) and Asia (4.1 percent), but dropped from America (-0.2 percent).
2020-04-07
France Posts Largest Trade Gap since 2018
France's trade deficit widened to EUR 5.89 billion in January of 2020 from a downwardly revised EUR 3.72 billion in the prior month. This was the widest monthly trade shortfall since August 2018, as exports declined 4% over a month earlier to a near two-year low of EUR 40.34 billion, amid lower sales of aerospace products (-29%); automotive products (-4.2%); IT, electronic and optical products (-5.4 percent) and refined petroleum products & coke (-11.1%). Among major trade partners, shipments fell mostly to Germany (-12%), China (-19.6%) and the US (-5%). Conversely, imports rose 1.1% to EUR 46.23 billion, driven by acquisitions of metallurgical and metallic products (6.6%); pharmaceutical products (19%); IT, electronic and optical products (2.8%); food (1.5 percent); refined petroleum products & coke (25%) and agricultural products (2.9%). Among major trade partners, purchases rose primarily from Italy (1%), China (0.8%), ASEAN countries (1.5%) and the US (2.6%).
2020-03-06
French Trade Gap Narrows in December
France's trade deficit narrowed to EUR 4.05 billion in December 2019 from a downwardly revised EUR 5.38 billion in the previous month and compared to market consensus of a EUR 5 billion gap. Exports fell 0.6 percent over a month earlier to EUR 41.9 billion, mainly due to lower sales of food products (-1.6%); refined petroleum products & coke (-12%); mechanical equipment & electrical (-2.5%); other industrial products (-1.8%); and agricultural products (-0.6 %). Exports were down to Africa (-13.6%) and Asia (-3%). Imports dropped 3.3 percent to EUR 46 billion, mostly due to purchases of mechanical equipment & electrical (-4.3%); food (-1.6%); agricultural products (-0.6%); other industrial products (-4.1%); and natural hydrocarbons, other products of the extractive industries, electricity, waste (-8.2%). Imports fell from the EU (-2.3%), Africa (-4.6%) and Asia (-3.3%). Considering 2019 as a whole, the country recorded a trade shortfall of EUR 58.91 billion.
2020-02-07

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.