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.