The trade gap in France narrowed to EUR 3.4 billion in December of 2020, the lowest since March, from EUR 3.8 billion in November. Imports fell 1% to EUR 42.6 billion, amid reduced purchases of automotive products (-8.9%) and aerospace products (-16.2%); mechanical equipment, electrical, electronic & computers (-0.7%) and natural hydrocarbons and other products of mining (-18.3%). Among major trade partners, imports decreased mostly from Germany (-3.1%), China (-2.5%) and the US (-9%). Meanwhile, exports dropped just 0.1% to EUR 39.3 billion, as lower sales of mechanical equipment, electrical, electronic & computers (-2.7%), agricultural goods (-6.3%) and coke & refined petroleum products (-10.4%) were partly offset by stronger shipments of aerospace products (23.7%). Shipments fell mainly to Germany (-11.7%) and the US (-4.4%). In 2020, the country's trade gap widened to EUR 65.2 million from EUR 57.9 million, with exports and imports falling 15.9% and 13%, respectively. source: Ministère de l'Économie et des Finances

Balance of Trade in France averaged -1399.97 EUR Million from 1970 until 2020, reaching an all time high of 2674 EUR Million in October of 1997 and a record low of -8072.80 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 February of 2021.

Balance of Trade in France is expected to be -3350.00 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 -2650.00 in 12 months time. In the long-term, the France Balance of Trade is projected to trend around -3650.00 EUR Million in 2022 and -3330.00 EUR Million in 2023, according to our econometric models.

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France Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-3392.40 -3785.70 2674.00 -8072.80 1970 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-06 07:45 AM Sep €-5.8B €-7.7B €-6.32B €-6.7B
2020-12-08 07:45 AM Oct €-4.9B €-5.6B €-4.7B
2021-01-08 07:45 AM Nov €-3.6B €-4.6B €-4.4B
2021-02-05 07:45 AM Dec €-3.39B €-3.79B €-3.4B
2021-03-05 07:45 AM Jan €-3.39B €-4.2B
2021-04-08 06:45 AM Feb
2021-05-07 06:45 AM Mar € -2.5B
2021-06-09 06:45 AM Apr


News Stream
France Trade Deficit Lowest in 9 Months
The trade gap in France narrowed to EUR 3.4 billion in December of 2020, the lowest since March, from EUR 3.8 billion in November. Imports fell 1% to EUR 42.6 billion, amid reduced purchases of automotive products (-8.9%) and aerospace products (-16.2%); mechanical equipment, electrical, electronic & computers (-0.7%) and natural hydrocarbons and other products of mining (-18.3%). Among major trade partners, imports decreased mostly from Germany (-3.1%), China (-2.5%) and the US (-9%). Meanwhile, exports dropped just 0.1% to EUR 39.3 billion, as lower sales of mechanical equipment, electrical, electronic & computers (-2.7%), agricultural goods (-6.3%) and coke & refined petroleum products (-10.4%) were partly offset by stronger shipments of aerospace products (23.7%). Shipments fell mainly to Germany (-11.7%) and the US (-4.4%). In 2020, the country's trade gap widened to EUR 65.2 million from EUR 57.9 million, with exports and imports falling 15.9% and 13%, respectively.
2021-02-05
France Trade Deficit Lowest in 8 Months
The trade gap in France narrowed sharply to EUR 3.6 billion in November of 2020 from EUR 4.6 billion in October, reaching the lowest deficit since March. Exports increased by 1 percent to EUR 39.3 billion supported by intermediate (5.9 percent) and consumption goods (8.6 percent). Meanwhile, imports fell by 1.6 percent to EUR 42.8 billion due to investment (-2 percent) and consumption goods (-4 percent). So far, exports are around 92 percent of their average level in 2019 and imports are at 91 percent.
2021-01-08
French Trade Deficit Smallest in 7 Months
The trade gap in France shrank to EUR 4.85 billion in October 2020 from EUR 5.59 billion in September. It was the smallest trade deficit since March, as exports rose 3.3% month-over-month to EUR 38.9 billion and are now at 91% of their 2019 average level. Sales rose mostly for transport equipment (+11.2 percent); mechanical equipment, electrical, electronic and computer equipment (+3.3 percent) and products of the food industry (+2.9 percent). Meanwhile, imports advanced just 1.2% to EUR 43.7 billion and remained at 92% of their 2019 average level. Higher purchases of other industrial products (+0.5 percent); mechanical equipment, electrical, electronic and computer equipment (+2.2 percent) and transport equipment (+3.5 percent) were offset by declines in those of products of the food industry (-1.2 percent) and natural hydrocarbons, other products of mining, electricity, waste (-8.4 percent).
2020-12-08
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 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.