France's trade deficit widened to EUR 5.58 billion in November 2019 from a revised EUR 4.91 billion in the previous month, compared to market expectations of a EUR 5.0 billion gap. Exports dropped 2.2 percent due to sales of transport equipment (-8.2 percent), food products (-1 percent), and natural hydrocarbons, other products of the extractive industries, electricity, waste (-14.0 percent). On the other hand, exports rose for mechanical equipment, electrical, electronic and computer equipment (1.6 percent) and agricultural products (1.3 percent). Exports were down to the EU (-0.3 percent), Asia (-7.0 percent) and America (-5.8 percent). Meanwhile, imports declined at a softer 0.6 percent, led by purchases of transport equipment (-2.7 percent), mechanical equipment, electrical, electronic and computer equipment (-1.7 percent), food products (-1.4 percent) and agricultural products (-1.2 percent). Imports fell from the EU (-1.8 percent), Africa (-2.5 percent), and Asia (-1.7 percent). Balance of Trade in France averaged -1317.84 EUR Million from 1970 until 2019, reaching an all time high of 2674 EUR Million in October of 1997 and a record low of -7403 EUR Million in January of 2017. source: Ministère de l'Économie et des Finances

Balance of Trade in France is expected to be -3950.00 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 -3350.00 in 12 months time. In the long-term, the France Balance of Trade is projected to trend around -3330.00 EUR Million in 2020, according to our econometric models.

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France Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-5584.00 -4909.00 2674.00 -7403.00 1970 - 2019 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-10-08 06:45 AM Aug €-5B €-4.5B €-4.48B €-3.8B
2019-11-08 07:45 AM Sep €-5.55B €-5.44B €-4.8B €-4.9B
2019-12-06 07:45 AM Oct €-4.73B €-5.42B €-4.8B €-3.4B
2020-01-08 07:45 AM Nov €-5.58B €-4.91B €-5B €-4.9B
2020-02-07 07:45 AM Dec €-5.58B €-4.1B


News Stream
2019-12-06
France Posts Smallest Trade Gap in 5 Months
The French trade deficit shrank to EUR 4.73 billion in October 2019 from a downwardly revised EUR 5.42 billion in the previous month and slightly below market expectations of a EUR 4.8 billion gap. This was the smallest trade gap since May, as exports rose 3.4 percent month-over-month to EUR 43.0 billion while imports went up at a softer 1.5 percent to EUR 47.7 billion.

2019-11-08
French Trade Gap Widens as Exports Fall
The French trade deficit widened to EUR 5.55 billion in September 2019 from an upwardly revised EUR 5.44 billion in the previous month and compared with market expectations of a EUR 4.8 billion gap. Exports fell 2.3 percent month-over-month to EUR 41.7 billion while imports dropped at a softer 1.8 percent to EUR 47.28 billion. Considering the third quarter as a whole, the country’s trade gap was recorded at EUR 16 billion compared to a EUR 14.5 deficit in the previous period.

2019-10-08
French Trade Deficit Larger than Expected
France's trade deficit widened to EUR 5.0 billion in August 2019 from a revised 4.5 billion in the previous month and above market expectations of a EUR 4.48 billion gap. Exports rose 0.8 percent and imports increased at a faster 1.8 percent.

2019-09-06
French Trade Gap Narrows in July
The French trade deficit decreased to EUR 4.6 billion in July 2019 from an upwardly revised EUR 5.3 in the previous month. Exports rose 1.1 percent month-over-month to EUR 42.2 billion while imports fell 0.4 percent to EUR 46.9 billion.

2019-08-07
French Trade Gap Widens in June
The French trade deficit rose to EUR 5.2 billion in June 2019 from EUR 3.3 billion in the prior month and compared with market expectations of EUR 4.0 billion shortfall. Exports slumped 4.9 percent month-over-month and imports decreased at a softer 0.6 percent.

2019-07-05
France Posts Smallest Trade Gap since 2017
The French trade deficit narrowed sharply to EUR 3.3 billion in May 2019 from a downwardly revised EUR 4.9 billion in the prior month and below market expectations of EUR a 4.95 billion shortfall. It was the lowest trade gap since December 2017, as exports hit a record high due to rise in shipments of military equipment, aerospace products and pharmaceuticals. Meanwhile, imports advanced at a much slower 0.8 percent.


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.

France Trade Last Previous Highest Lowest Unit
Balance of Trade -5584.00 -4909.00 2674.00 -7403.00 EUR Million [+]
Current Account 483.00 -2077.00 4784.00 -6629.00 EUR Million [+]
Current Account to GDP -0.60 -0.60 3.40 -2.10 percent [+]
Imports 47632.00 47922.00 48768.00 1151.90 EUR Million [+]
Exports 42048.00 43013.00 43999.00 1165.60 EUR Million [+]
External Debt 5685844.00 5498380.00 5685844.00 3536444.00 EUR Million [+]
Terms of Trade 115.09 115.23 115.87 89.48 points [+]
Foreign Direct Investment 2802.00 2368.00 21742.00 -7723.00 EUR Million [+]
Capital Flows 6019.00 11517.00 36458.00 -31626.00 EUR Million [+]
Remittances 72.00 72.00 87.00 22.00 EUR Million [+]
Gold Reserves 2436.01 2436.07 3024.70 2435.38 Tonnes [+]
Terrorism Index 5.01 5.48 5.96 3.38 [+]
Tourism Revenues 3289.00 4180.00 7921.00 1426.00 EUR Million [+]
Tourist Arrivals 89300.00 86800.00 89300.00 75000.00 Thousand [+]
Weapons Sales 1768.00 2302.00 4021.00 8.00 USD Million [+]