The French trade deficit narrowed to EUR 5.0 billion in April 2019 from an upwardly revised EUR 5.5 billion in the previous month and compared with market consensus of a EUR 4.9 billion. Exports fell 1.9 percent month-over-month and imports dropped at a faster 2.7 percent. Balance of Trade in France averaged -1227.86 EUR Million from 1970 until 2019, reaching an all time high of 2674 EUR Million in October of 1997 and a record low of -7485 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
2019-03-08 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 €-5B €-5.5B €-4.9B €-4.6B
2019-07-05 06:45 AM Balance of Trade €-5B €-5.7B
2019-08-07 06:45 AM Balance of Trade €-4.8B
2019-09-06 06:45 AM Balance of Trade €-3.2B



French Trade Gap Narrows in April

The French trade deficit narrowed to EUR 5.0 billion in April 2019 from an upwardly revised EUR 5.5 billion in the previous month and compared with market consensus of a EUR 4.9 billion. Exports fell 1.9 percent month-over-month and imports dropped at a faster 2.7 percent.

Exports declined 1.9 percent from a month earlier to EUR 42.3 billion in April, mainly due to lower sales of transport equipment (-4.6 percent), other industrial products (-3.1 percent), natural hydrocarbons, mining products, electricity (-12.4 percent), coke and refined petroleum products (-0.6 percent), and publishing and communication (-30.7 percent). Meanwhile, sales increased for agricultural, forestry, fishery and aquaculture products (2.9 percent), agribusiness products (0.4 percent), and mechanical, electrical, electronic and computer equipment (3.8 percent).

Among major trading partners, exports fell to the EU (-4.6 percent) and Middle East (-23 percent), but rose to America (10.1 percent), Asia (3.0 percent), and Africa (7.3 percent).

Imports dropped at a faster 2.7 percent to EUR 47.3 billion, mostly due to lower purchases of other industrial products (-2.9 percent), mechanical, electrical, electronic and computer equipment (-2.5 percent), transport equipment (-3 percent), natural hydrocarbons, mining products, electricity (-10.7 percent), and agribusiness products (-1.1 percent). In contrast, purchases advanced for coke and refined petroleum products (2.7 percent), and agricultural, forestry, fishery and aquaculture products (6.6 percent).

Among major trading partners, imports went down from the EU (-4.7 percent), America (-4.5 percent), Africa (-10.4 percent), and Middle East (-3.7 percent), but increased from Asia (5.7 percent).


Ministère de l'Économie et des Finances | Stefanie Moya | stefanie.moya@tradingeconomics.com
6/7/2019 7:55:07 AM



France Trade Last Previous Highest Lowest Unit
Balance of Trade -4981.00 -5461.00 2674.00 -7485.00 EUR Million [+]
Current Account -846.00 -2294.00 4784.00 -6628.00 EUR Million [+]
Current Account to GDP -0.30 -0.60 3.40 -2.10 percent [+]
Imports 47288.00 48577.00 48577.00 1151.90 EUR Million [+]
Exports 42308.00 43116.00 43273.00 1165.60 EUR Million [+]
External Debt 5104284.00 5227872.00 5227872.00 3536444.00 EUR Million [+]
Terms of Trade 114.27 114.48 115.87 89.48 Index Points [+]
Foreign Direct Investment 4074.00 4070.00 23505.00 -8086.00 EUR Million [+]
Capital Flows -15218.00 -17021.00 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 5235.00 3477.00 7838.00 1426.00 EUR Million [+]
Tourist Arrivals 86900.00 82600.00 86900.00 75000.00 Thousand [+]
Crude Oil Production 16.00 15.00 58.00 15.00 BBL/D/1K [+]
Weapons Sales 1768.00 2302.00 4021.00 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-4981.00 -5461.00 2674.00 -7485.00 1970 - 2019 EUR Million Monthly




Country Last Previous
Argentina 1131.00 Apr/19
Australia 4871.00 Apr/19
Brazil 6422.00 May/19
Canada -966.20 Apr/19
China 416.58 May/19
Euro Area 22532.90 Mar/19
France -4981.00 Apr/19
Germany 17900.00 Apr/19
India -15360.00 May/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 60.40 Apr/19
Mexico 1370.00 Apr/19
Netherlands 4154.00 Apr/19
Russia 13705.00 Apr/19
Saudi Arabia 180059.00 Dec/18
Singapore 3962.64 May/19
South Africa -3427.45 Apr/19
South Korea 2271.00 May/19
Spain -2352600.00 Mar/19
Switzerland 1906.00 Apr/19
Turkey -2982.01 Apr/19
United Kingdom -2740.00 Apr/19
United States -50791.00 Apr/19


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