The trade gap in France shrank to EUR 5.8 billion in September of 2020 from EUR 7.7 billion in August and compared with market expectations of a EUR 6.3 billion shortfall. It was the smallest trade deficit in five months, as exports rose 6.2% month-over-month to EUR 37.6 billion and are now at 88% of their 2019 average level. Sales rose mostly for transport equipment (20.5%), namely aeronautical and automotive products; and other products (7.2%) including pharmaceuticals and metallurgical products. Meanwhile, imports advanced just 0.6% to EUR 43.3 billion and remained at 91% of their 2019 average level. Higher purchases of transport equipment (9.4%) of which aeronautical products and natural hydrocarbons, other products of mining, electricity, waste (7.1%) were offset by declines in those of coke & refined petroleum products (-18.6%). In the Q3 of 2020, the country's trade gap stood at EUR 20.5 billion, as trade flows have resumed sharply without however returning to pre-crisis levels. source: Ministère de l'Économie et des Finances

Balance of Trade in France averaged -1388.68 EUR Million from 1970 until 2020, reaching an all time high of 2674 EUR Million in October of 1997 and a record low of -8094 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 December of 2020.

Balance of Trade in France is expected to be -2350.00 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 -4050.00 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
-5745.00 -7707.00 2674.00 -8094.00 1970 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
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 €-7.7B €-7B €-5.6B
2020-11-06 07:45 AM Sep €-5.8B €-7.7B €-6.32B €-6.7B
2020-12-08 07:45 AM Oct €-5.8B €-4.7B
2021-01-08 07:45 AM Nov
2021-02-08 07:45 AM Dec
2021-03-05 07:45 AM Jan


News Stream
French Trade Deficit Smaller than Expected
The trade gap in France shrank to EUR 5.8 billion in September of 2020 from EUR 7.7 billion in August and compared with market expectations of a EUR 6.3 billion shortfall. It was the smallest trade deficit in five months, as exports rose 6.2% month-over-month to EUR 37.6 billion and are now at 88% of their 2019 average level. Sales rose mostly for transport equipment (20.5%), namely aeronautical and automotive products; and other products (7.2%) including pharmaceuticals and metallurgical products. Meanwhile, imports advanced just 0.6% to EUR 43.3 billion and remained at 91% of their 2019 average level. Higher purchases of transport equipment (9.4%) of which aeronautical products and natural hydrocarbons, other products of mining, electricity, waste (7.1%) were offset by declines in those of coke & refined petroleum products (-18.6%). In the Q3 of 2020, the country's trade gap stood at EUR 20.5 billion, as trade flows have resumed sharply without however returning to pre-crisis levels.
2020-11-06
France Trade Deficit at Near Record High in August
The trade gap in France widened to EUR 7.7 billion in August of 2020 from EUR 7 billion in June and close to a record high of EUR 8.1 billion in June. Exports went down 0.6 percent to EUR 35.4 billion and imports jumped 1.1 percent to EUR 43.1 billion, the highest since February. Exports remain 17 percent below their levels in 2019 while imports are now at 91 percent of their average level of 2019.
2020-10-07
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

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.