The French trade deficit widened to EUR 4.2 billion in January 2019 from a revised EUR 3.6 billion in the previous month, compared to market expectations of a EUR 4.9 billion gap. Exports fell 1 percent while imports rose 0.4 percent. Balance of Trade in France averaged -1208.67 EUR Million from 1970 until 2019, reaching an all time high of 2674 EUR Million in October of 1997 and a record low of -7401 EUR Million in January of 2017.

Balance of Trade in France is expected to be -5200.00 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 -4140.00 in 12 months time. In the long-term, the France Balance of Trade is projected to trend around -2650.00 EUR Million in 2020, according to our econometric models.

France Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-07 07:45 AM Balance of Trade €-4.1B €-5.4B €-6.0B €-4.0B
2019-01-08 07:45 AM Balance of Trade €-5.1B €-4.1B €-6.0B € -4.7B
2019-02-07 07:45 AM Balance of Trade €-4.7B €-4.8B €-4B € -3B
2019-03-08 07:45 AM Balance of Trade €-4.2B €-3.6B €-4.9B €-5.4B
2019-04-05 06:45 AM Balance of Trade €-4.2B €-4.7B
2019-05-07 06:45 AM Balance of Trade €-5.2B
2019-06-07 06:45 AM Balance of Trade €-4.6B



French Trade Deficit Widens in January

The French trade deficit widened to EUR 4.2 billion in January 2019 from a revised EUR 3.6 billion in the previous month, compared to market expectations of a EUR 4.9 billion gap.

Exports declined 1 percent from a month earlier to EUR 42.5 billion in January as sales decreased mostly for coke and refined petroleum products (-30.2 percent), natural hydrocarbons, mining products, electricity (-13 percent), agricultural, forestry, fishery and aquaculture products (-3.4 percent) and automotive industry products (-2.6 percent). Meanwhile, exports rose for mechanical, electrical, electronic and computer equipment (3.3 percent) and agribusiness products (3.3 percent).

Among major trading partners, exports fell mostly to the EU (-0.4 percent), Asia (-6.2 percent), America (-2.3 percent) and Africa (-12 percent), but rose to the Middle East (76.5 percent).

Imports increased 0.4 percent to EUR 46.7 billion in January, driven by purchases of natural hydrocarbons, mining products, electricity (15.2 percent), agricultural, forestry, fishery and aquaculture products (2.9 percent), coke and refined petroleum products (2.8 percent) and agribusiness products (1.9 percent). By contrast, there were declines in imports of automotive industry products (-5.7 percent) and mechanical, electrical, electronic and computer equipment (-0.6 percent).

Among major trading partners, imports rose mainly from the EU (2.2 percent), Asia (0.8 percent), Africa (4.4 percent) and the Middle East (2.7 percent), but fell from America (-11.1 percent).


Ministère de l'Économie et des Finances | Joana Ferreira | joana.ferreira@tradingeconomics.com
3/8/2019 9:45:10 AM



France Trade Last Previous Highest Lowest Unit
Balance of Trade -4195.00 -3570.00 2674.00 -7401.00 EUR Million [+]
Current Account 898.00 -66.00 4784.00 -6645.00 EUR Million [+]
Current Account to GDP -0.80 -0.90 3.40 -2.10 percent [+]
Imports 46651.00 46469.00 47463.00 1151.90 EUR Million [+]
Exports 42457.00 42899.00 43262.00 1165.60 EUR Million [+]
External Debt 5157170.00 5001019.00 5157170.00 3536444.00 EUR Million [+]
Terms of Trade 115.31 114.30 115.69 89.48 Index Points [+]
Foreign Direct Investment 4051.00 5192.00 18318.00 -8086.00 EUR Million [+]
Capital Flows -15446.00 24896.00 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 5.48 5.96 5.96 3.38 [+]
Tourism Revenues 3715.00 3418.00 7838.00 1426.00 EUR Million [+]
Tourist Arrivals 82600.00 84500.00 84500.00 75000.00 Thousand [+]
Crude Oil Production 15.00 16.00 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-4195.00 -3570.00 2674.00 -7401.00 1970 - 2019 EUR Million Monthly




Country Last Previous
Argentina 372.00 Jan/19
Australia 4549.00 Jan/19
Brazil 3670.00 Feb/19
Canada -4593.40 Dec/18
China 41.18 Feb/19
Euro Area 1547.90 Jan/19
France -4195.00 Jan/19
Germany 14500.00 Jan/19
India -9600.00 Feb/19
Indonesia 329.50 Feb/19
Italy 321.80 Jan/19
Japan 339.00 Feb/19
Mexico -4809.60 Jan/19
Netherlands 2868.00 Jan/19
Russia 13368.00 Jan/19
Saudi Arabia 184673.00 Sep/18
Singapore 5198.50 Feb/19
South Africa -13082.76 Jan/19
South Korea 3098.00 Feb/19
Spain -4483276.00 Jan/19
Switzerland 2037.56 Feb/19
Turkey -2503.45 Jan/19
United Kingdom -3825.00 Jan/19
United States -59769.00 Dec/18


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