France Balance of Trade  1970-2018 | Data | Chart | Calendar | Forecast

The French trade deficit narrowed to EUR 3.5 billion in July 2018 from a downwardly revised 6.1 billion in June and far below market consensus of a EUR 5.7 billion gap. It was the smallest trade deficit since December 2017, as imports fell 4.4 percent to EUR 44.8 billion while exports rose 1.2 percent to EUR 41.3 billion. Balance of Trade in France averaged -1233.13 EUR Million from 1970 until 2018, reaching an all time high of 2674 EUR Million in October of 1997 and a record low of -7670 EUR Million in January of 2017.

France Balance of Trade
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France Posts Smallest Trade Gap in 7 Months


The French trade deficit narrowed to EUR 3.5 billion in July 2018 from a downwardly revised 6.1 billion in June and far below market consensus of a EUR 5.7 billion gap. It was the smallest trade deficit since December 2017, as imports fell 4.4 percent to EUR 44.8 billion while exports rose 1.2 percent to EUR 41.3 billion.

Imports declined 4.4 percent from a month earlier to a EUR 44.8 billion in July, following a downwardly revised 1 percent rise in the prior month, dragged by lower purchases of aerospace products (-5.8 percent). Other significant loses were also recorded in refined oil (-24.1 percent); metallurgical and metal products (-8.8 percent), computer, electronic, and optical products (-1.6 percent), and wood, paper and cardboard (-1.2 percent). 

Among major trading partners, purchases decreased primarily from the US (-4.4 percent); the EU (-4.1 percent), namely from Germany (-1.5) percent), Italy (-7.8 percent) and Belgium (-2.9 percent). On the other hand, imports-arrivals increased mainly from China (0.9 percent) and Spain (0.7 percent).

Exports advanced 1.2 percent to EUR 41.3 billion in July, after a downwardly revised 0.9 percent gain in June. Sales rose mostly for aerospace products (27.3 percent); refined oil (20.1 percent) and pharmaceutical products (9.8 percent). Other increases were also seen in computer products (2.3 percent); metallurgical and metal products (1 percent); and electrical equipment (0.4 percent).

Among major trading partners, shipments went up mostly to Germany (2 percent); Belgium (2.4 percent) and the US (1.9 percent) while they fell from Spain (-3.1 percent) and Italy (-3.4 percent).
 


Ministère de l'Économie et des Finances l Chusnul Ch Manan | chusnul@tradingeconomics.com
9/7/2018 11:27:12 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-07-06 06:45 AM Balance of Trade €-6.0B €-5.2B €-5.1B €-5.6B
2018-08-07 06:45 AM Balance of Trade €-6.2B €-6B €-5.1B € -3.3B
2018-09-07 06:45 AM Balance of Trade €-3.5B €-6.1B €-5.7B €-4.0B
2018-10-05 06:45 AM Balance of Trade €-3.5B €-5.7B €-5.2B
2018-11-08 07:45 AM Balance of Trade € -4.7B
2018-12-07 07:45 AM Balance of Trade €-4.0B


France Trade Last Previous Highest Lowest Unit
Balance of Trade -3490.00 -6067.00 2674.00 -7758.00 EUR Million [+]
Exports 41348.00 40841.00 41742.00 1165.60 EUR Million [+]
Imports 44838.00 46908.00 46908.00 1151.90 EUR Million [+]
Current Account 542.00 -2260.00 4784.00 -6163.00 EUR Million [+]
External Debt 5006398.00 4830884.00 5006398.00 3536444.00 EUR Million [+]
Current Account to GDP -0.80 -0.90 3.40 -2.10 percent [+]
Terms of Trade 113.70 113.73 115.69 89.48 Index Points [+]
Foreign Direct Investment 3085.00 2927.00 20881.00 -8809.00 EUR Million [+]
Capital Flows -2023.00 21656.00 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 7838.00 5520.00 7838.00 1426.00 EUR Million [+]
Tourist Arrivals 82600.00 84500.00 84500.00 75000.00 Thousand [+]
Crude Oil Production 15.00 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-3490.00 -6067.00 2674.00 -7758.00 1970 - 2018 EUR Million Monthly




balance of trade by Country
Country Last
Argentina -789.00 Jul/18
Australia 1551.00 Jul/18
Brazil 3774.99 Aug/18
Canada -114.30 Jul/18
China 279.10 Aug/18
Euro Area 17555.60 Jul/18
France -3490.00 Jul/18
Germany 16461.00 Jul/18
India -17390.00 Aug/18
Indonesia -1021.40 Aug/18
Italy 5676.00 Jul/18
Japan -444.59 Aug/18
Mexico -2889.20 Jul/18
Netherlands 4612.00 Jul/18
Russia 13402.00 Jul/18
Saudi Arabia 120299.00 Mar/18
Singapore 6755.10 Aug/18
South Africa -4657.00 Jul/18
South Korea 6900.00 Aug/18
Spain -3247700.00 Jul/18
Switzerland 1407.94 Aug/18
Turkey -5980.00 Jul/18
United Kingdom -111.00 Jul/18
United States -50082.00 Jul/18


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