The French trade deficit narrowed slightly to EUR 5.1 billion in November 2018 from EUR 4.1 billion in the previous month and compared with market expectations of a EUR 6.0 billion gap. Exports dropped 4.4 percent month-over-month and imports declined 1.8 percent. Balance of Trade in France averaged -1262 EUR Million from 1970 until 2018, reaching an all time high of 2674 EUR Million in October of 1997 and a record low of -7811 EUR Million in January of 2017.

Balance of Trade in France is expected to be -3200.00 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 -2440.00 in 12 months time. In the long-term, the France Balance of Trade is projected to trend around -1650.00 EUR Million in 2020, according to our econometric models.

France Balance of Trade
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
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 €-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 €-5.1B € -3B
2019-03-08 07:45 AM Balance of Trade
2019-04-05 06:45 AM Balance of Trade



French Trade Gap Widens in November as Exports Fall

The French trade deficit narrowed slightly to EUR 5.1 billion in November 2018 from EUR 4.1 billion in the previous month and compared with market expectations of a EUR 6.0 billion gap. Exports dropped 4.4 percent month-over-month and imports declined 1.8 percent.

Exports fell 4.4 percent from a month earlier to EUR 41.2 billion in November mainly due to lower sales of transport equipment (-6.5 percent); mechanical, electrical, electronic & computer equipment (-1.7 percent); other industrial products (-0.8 percent); agricultural, forestry, fishery & aquaculture products (-0.5 percent)  and coke & refined petroleum products (-24.5 percent). 

Among major trading partners, exports declined mostly to the US (-20.5 percent), Germany (-2.5 percent) and Spain (-0.7 percent), but rose to Belgium (1.6 percent) and Italy (1.2 percent) 

Imports decreased 1.8 percent to EUR 46.3 billion in November, mostly due to lower purchases of other industrial products (-0.8 percent); mechanical, electrical, electronic & computer equipment (-0.3 percent); natural hydrocarbons, other mining products, electricity and waste (-11.7 percent) and coke & refined petroleoum products (-3.2 percent).

Among major trading partners, imports decreased mainly from Spain (-4.6 percent), Germany (-2.8 percent) and China (-1.4 percent), while increased from Belgium (0.8 percent) and Italy (0.3 percent).


Ministère de l'Économie et des Finances | Stefanie Moya | stefanie.moya@tradingeconomics.com
1/8/2019 8:24:31 AM



France Trade Last Previous Highest Lowest Unit
Balance of Trade -5099.00 -4055.00 2674.00 -7811.00 EUR Million [+]
Current Account -2756.00 -252.00 4784.00 -6129.00 EUR Million [+]
Current Account to GDP -0.80 -0.90 3.40 -2.10 percent [+]
Imports 46272.00 47109.00 47109.00 1151.90 EUR Million [+]
Exports 41173.00 43054.00 43054.00 1165.60 EUR Million [+]
External Debt 5157170.00 5001019.00 5157170.00 3536444.00 EUR Million [+]
Terms of Trade 112.90 113.19 115.69 89.48 Index Points [+]
Foreign Direct Investment 5387.00 17327.00 18318.00 -8086.00 EUR Million [+]
Capital Flows -13176.00 849.00 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 3157.00 4296.00 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-5099.00 -4055.00 2674.00 -7811.00 1970 - 2018 EUR Million Monthly




Country Last Previous
Argentina 979.00 Nov/18
Australia 1925.00 Nov/18
Brazil 6639.00 Dec/18
Canada -2060.10 Nov/18
China 570.60 Dec/18
Euro Area 18967.90 Nov/18
France -5099.00 Nov/18
Germany 20500.00 Nov/18
India -13080.00 Dec/18
Indonesia -1102.00 Dec/18
Italy 3843.00 Nov/18
Japan -737.30 Nov/18
Mexico -2382.00 Nov/18
Netherlands 6983.00 Nov/18
Russia 18984.00 Nov/18
Saudi Arabia 184673.00 Sep/18
Singapore 1943.12 Dec/18
South Africa 3494.40 Nov/18
South Korea 4558.00 Dec/18
Spain -3836500.00 Oct/18
Switzerland 3071.48 Nov/18
Turkey -651.36 Nov/18
United Kingdom -2904.00 Nov/18
United States -55488.00 Oct/18


Related

Latest