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.