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.

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France Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-6994.20 -8057.10 2674.00 -8057.10 1970 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-09 06:45 AM Apr €-5B €-3.2B €-4.67B €-5.0B
2020-07-07 06:45 AM May €-7.1B €-5.1B €-3.8B
2020-08-07 06:45 AM Jun €-8B €-7.5B € -2.3B
2020-09-08 06:45 AM Jul €-6.99B €-8.06B €-4.8B
2020-10-07 06:45 AM Aug €-6.99B €-5.6B
2020-11-06 07:45 AM Sep € -6.7B
2020-12-08 07:45 AM Oct €-4.7B


News Stream
France Trade Deficit Falls in July
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.
2020-09-08
France Posts Widest Trade Gap on Record
The trade deficit in France widened to EUR 8 billion in June of 2020 from an upwardly revised EUR 7.5 billion in May. It was the highest trade gap on record, as both exports and imports extended their recovery that began in May, after strong declines in April and March due to the coronavirus lockdown. Imports advanced 14.8 percent to EUR 40.4 billion, mainly due to purchases of automobiles and auto parts; mechanical, electrical & electronic equipment and coke & refined petroleum products. Exports rose 16.9 percent to EUR 32.4 billion, boosted by sales of automobiles and auto parts; chemicals, perfums & cosmetics; and food products. The trade gap with the European Union widened by EUR 0.67 billion to EUR 4.27 billion and the deficit with Asia went down by EUR 0.1 billion to EUR 4.98 billion.
2020-08-07
French Trade Gap Widens as Imports and Exports Rebound
The trade gap in France widened sharply to EUR 7.05 billion in May of 2020 from an upwardly revised EUR 5.1 billion in April. It is the highest gap since a record of EUR 7.37 billion in January of 2017, as both exports and imports rebounded after a big fall in April and March due to the coronavirus lockdown. Imports jumped 20.5 percent to EUR 34.7 billion, mainly due to purchases of autos and parts, phones, communication equipment and masks and exports increased 16.9 percent to EUR 27.7 billion. The trade gap with the European Union widened by EUR 0.89 billion to EUR 3.47 billion and the deficit with Asia increased by EUR 1.64 billion from EUR 5.08 billion.
2020-07-07
France Trade Gap Rises in April as Exports Plunge
The trade deficit in France widened sharply to €5 billion in April of 2020 from a downwardly revised €3.2 billion gap in the previous month which was the lowest since December of 2016 and slightly above market forecasts of €4.67 billion. Both exports and imports plunged after a coronavirus lockdown was implemented in the country from March 14th and nonessential businesses had to close. Exports slumped 32.4% to €23.7 billion, the lowest since since August of 1999, mainly due to automotive products and pharmaceuticals. Imports plunged 25% to €28.7 billion, the lowest reading since May of 2004. The energy deficit narrowed to €1.6 billion, due to lower supplies of refined oil.
2020-06-09

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.