The French trade deficit widened to EUR 5.3 billion in March 2019 from an upwardly revised EUR 4.1 billion in the previous month and compared to market expectations of a EUR 4.5 billion gap. Exports rose 1.1 percent month-over-month and imports went up at a faster 3.6 percent. Considering the first quarter of the year, the country posted a EUR 13.7 billion gap compared to a EUR 14.7 billion shortfall in the same period of 2018. Balance of Trade in France averaged -1221.47 EUR Million from 1970 until 2019, reaching an all time high of 2674 EUR Million in October of 1997 and a record low of -7471 EUR Million in January of 2017.

Balance of Trade in France is expected to be -4800.00 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 -3950.00 in 12 months time. In the long-term, the France Balance of Trade is projected to trend around -2650.00 EUR Million in 2020, according to our econometric models.

France Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-07 07:45 AM Balance of Trade €-4.7B €-4.8B €-4B € -3B
2019-03-08 07:45 AM Balance of Trade €-4.2B €-3.6B €-4.9B €-5.4B
2019-04-05 06:45 AM Balance of Trade €-4B €-4.2B €-4.7B €-4.7B
2019-05-07 06:45 AM Balance of Trade €-5.3B €-4.1B €-4.5B €-5.2B
2019-06-07 06:45 AM Balance of Trade €-5.3B €-4.6B
2019-07-05 06:45 AM Balance of Trade €-5.7B
2019-08-07 06:45 AM Balance of Trade €-4.8B



France Trade Gap Widens More than Expected in March

The French trade deficit widened to EUR 5.3 billion in March 2019 from an upwardly revised EUR 4.1 billion in the previous month and compared to market expectations of a EUR 4.5 billion gap. Exports rose 1.1 percent month-over-month and imports went up at a faster 3.6 percent.

Exports increased 1.1 percent from a month earlier to EUR 43.2 billion in March, mainly driven by higher sales of other industrial products (2.0 percent), agricultural, forestry, fishery and aquaculture products (4.9 percent), natural hydrocarbons, mining products, electricity (5.1 percent), transport equipment (1.8 percent) and publishing and communication (51.3 percent). On the other hand, sales fell for agribusiness products (-0.5 percent), mechanical, electrical, electronic and computer equipment (-3.0 percent) and coke and refined petroleum products (-2.8 percent).

Among major trading partners, exports went up to the EU (2.0 percent), Africa (4.2 percent), Middle East (67 percent) and America (2.6 percent) but declined to 
Asia (-3.0 percent).

Imports advanced at a faster 3.6 percent to EUR 48.5 billion in March, boosted by purchases of natural hydrocarbons, mining products, electricity (41.2 percent), 
mechanical, electrical, electronic and computer equipment (2.2 percent), transport equipment (3.7 percent), and coke and refined petroleum products (5.0 percent). Meanwhile, imports dropped for agricultural, forestry, fishery and aquaculture products (-7.9 percent), agribusiness products (-0.3 percent), and other industrial products (-0.1 percent).

Among major trading partners, imports rose from the EU (2.0 percent), Asia (0.2 percent), America (7.0 percent), Middle East (5.1 percent) and Africa (11.4 percent).

Considering the first quarter of the year, the country posted a EUR 13.7 billion gap compared to a EUR 14.7 billion shortfall in the same period of 2018.


Ministère de l'Économie et des Finances | Stefanie Moya | stefanie.moya@tradingeconomics.com
5/7/2019 9:02:53 AM



France Trade Last Previous Highest Lowest Unit
Balance of Trade -5324.00 -4131.00 2674.00 -7471.00 EUR Million [+]
Current Account -1263.00 -578.00 4784.00 -6579.00 EUR Million [+]
Current Account to GDP -0.30 -0.60 3.40 -2.10 percent [+]
Imports 48525.00 46855.00 48525.00 1151.90 EUR Million [+]
Exports 43201.00 42725.00 43314.00 1165.60 EUR Million [+]
External Debt 5157170.00 5001019.00 5157170.00 3536444.00 EUR Million [+]
Terms of Trade 114.48 115.87 115.87 89.48 Index Points [+]
Foreign Direct Investment 4070.00 3837.00 23505.00 -8086.00 EUR Million [+]
Capital Flows -17021.00 -7227.00 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 5.48 5.96 5.96 3.38 [+]
Tourism Revenues 3477.00 2810.00 7838.00 1426.00 EUR Million [+]
Tourist Arrivals 86900.00 82600.00 86900.00 75000.00 Thousand [+]
Crude Oil Production 15.00 15.00 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-5324.00 -4131.00 2674.00 -7471.00 1970 - 2019 EUR Million Monthly




Country Last Previous
Argentina 1131.00 Apr/19
Australia 4949.00 Mar/19
Brazil 6060.00 Apr/19
Canada -3211.20 Mar/19
China 138.34 Apr/19
Euro Area 22532.90 Mar/19
France -5324.00 Mar/19
Germany 22683.00 Mar/19
India -15330.00 Apr/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 60.40 Apr/19
Mexico 1370.00 Apr/19
Netherlands 5330.00 Mar/19
Russia 15537.00 Mar/19
Saudi Arabia 180059.00 Dec/18
Singapore 2782.79 Apr/19
South Africa 5004.63 Mar/19
South Korea 4120.00 Apr/19
Spain -2352600.00 Mar/19
Switzerland 2494.00 Mar/19
Turkey -2136.73 Mar/19
United Kingdom -5408.00 Mar/19
United States -50000.00 Mar/19


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