The French trade deficit decreased to EUR 5.66 billion in September 2018 from an upwardly revised EUR 5.70 billion shortfall in the previous month and well below market consensus of a EUR 6.1 billion gap. Imports declined 1.6 percent to EUR 46.1 billion while exports went down 1.8 percent to EUR 40.4 billion. Balance of Trade in France averaged -1249.66 EUR Million from 1970 until 2018, reaching an all time high of 2674 EUR Million in October of 1997 and a record low of -7790 EUR Million in January of 2017.

France Balance of Trade
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French Trade Gap Narrows Slightly in September


The French trade deficit decreased to EUR 5.66 billion in September 2018 from an upwardly revised EUR 5.70 billion shortfall in the previous month and below market consensus of a EUR 6.1 billion gap. Imports declined 1.6 percent while exports fell at a faster 1.8 percent.

Imports slumped 1.6 percent from a month earlier to EUR 46.1 billion in September, driven by a drop in purchases of automotive industry products (-7.5 percent); metallurgical and metal products (-5.6 percent); computer, electronic and optical products (-5.1 percent); and industrial and agricultural machinery (-1.7 percent). Contrarily, imports of natural hydrocarbons, mining products, electricity jumped 20.3 percent. 

Among major trading partners, imports declined mainly from Germany (-1.2 percent), China & Hong Kong (-4.3 percent), Italy (-1.3 percent), Spain (-5.5 percent) and Belgium (-0.9 percent).

Meanwhile, exports fell 1.8 percent to EUR 40.4 billion in September as sales declined mostly for industrial and agricultural machinery (-5.1 percent); automotive industry products (-4.6 percent); chemical products (-2.6 percent); and food industry products (-2.5 percent), namely meat & meat products (-4.1 percent) and fruit & vegetables (-3.2 percent). On the other hand, sales went up for aerospace industry products (4.1 percent).

Among major trading partners, exports declined mostly to Spain (-0.7 percent), Italy (-4.1 percent), the US (-11.8 percent) and Belgium (-4.3 percent), while edged up to Germany (0.3 percent).


Ministère de l'Économie et des Finances | Gabriela Costa | gabriela.costa@tradingeconomics.com
11/8/2018 1:44:08 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-09-07 06:45 AM Balance of Trade €-3.5B €-6.1B €-5.7B €-4.0B
2018-10-05 06:45 AM Balance of Trade €-5.6B €-3.4B €-4.5B €-5.2B
2018-11-08 07:45 AM Balance of Trade €-5.7B €-5.7B €-6.1B € -4.7B
2018-12-07 07:45 AM Balance of Trade €-5.7B €-4.0B


France Trade Last Previous Highest Lowest Unit
Balance of Trade -5663.00 -5701.00 2674.00 -7790.00 EUR Million [+]
Exports 40417.00 41151.00 41798.00 1165.60 EUR Million [+]
Imports 46080.00 46852.00 46886.00 1151.90 EUR Million [+]
Current Account -1918.00 -2045.00 4784.00 -6148.00 EUR Million [+]
External Debt 5157170.00 5001019.00 5157170.00 3536444.00 EUR Million [+]
Current Account to GDP -0.80 -0.90 3.40 -2.10 percent [+]
Terms of Trade 113.19 113.98 115.69 89.48 Index Points [+]
Foreign Direct Investment 1395.00 3013.00 18318.00 -8086.00 EUR Million [+]
Capital Flows 16179.00 -5512.00 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 5.96 5.60 5.96 3.38 [+]
Tourism Revenues 5850.00 7353.00 7838.00 1426.00 EUR Million [+]
Tourist Arrivals 82600.00 84500.00 84500.00 75000.00 Thousand [+]
Crude Oil Production 16.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-5663.00 -5701.00 2674.00 -7790.00 1970 - 2018 EUR Million Monthly




Country Last
Argentina 314.00 Sep/18
Australia 3017.00 Sep/18
Brazil 6121.36 Oct/18
Canada -416.30 Sep/18
China 340.16 Oct/18
Euro Area 13141.70 Sep/18
France -5663.00 Sep/18
Germany 18395.00 Sep/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 2564.00 Aug/18
Japan 139.56 Sep/18
Mexico -194.00 Sep/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 3685.26 Sep/18
South Africa -2950.00 Sep/18
South Korea 6552.00 Oct/18
Spain -3057300.00 Aug/18
Switzerland 1447.00 Sep/18
Turkey -1869.47 Sep/18
United Kingdom -27.00 Sep/18
United States -54019.00 Sep/18


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