The trade gap in France narrowed to EUR 6.99 billion in July of 2020 from an upwardly revised EUR 8 billion in June. Exports went up 9.6 percent over the previous month to EUR 35.5 billion and are now at 83% of their 2019 average level. Sales rose mainly for investment goods (21.3 percent), namely aeronautical equipment, telephones and communication equipment and auto products. Shipments also increased for intermediate (4.3 percent) and consumption (3.7 percent) goods. Imports increased 4.9 percent to EUR 42.5 billion and are at 90% of their 2019 average level. Purchases went up for investment (10.6 percent) and intermediate (5.7 percent) but stalled for consumption.
Balance of Trade in France averaged -1370.93 EUR Million from 1970 until 2020, reaching an all time high of 2674 EUR Million in October of 1997 and a record low of -8057.10 EUR Million in June of 2020. 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 September of 2020. source: Ministère de l'Économie et des Finances
Balance of Trade in France is expected to be -6740.00 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 -5000.00 in 12 months time. In the long-term, the France Balance of Trade is projected to trend around -4650.00 EUR Million in 2021 and -2330.00 EUR Million in 2022, according to our econometric models.