The French trade deficit narrowed to EUR 4.0 billion in February 2019 from EUR 4.2 billion in the previous month, compared to market expectations of a EUR 4.7 billion gap. Exports rose 0.9 percent to EUR 42.9 billion while imports increased at a softer 0.4 percent to EUR 46.9 billion. Balance of Trade in France averaged -1214 EUR Million from 1970 until 2019, reaching an all time high of 2674 EUR Million in October of 1997 and a record low of -7284 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
2019-01-08 07:45 AM Balance of Trade €-5.1B €-4.1B €-6.0B € -4.7B
2019-02-07 07:45 AM Balance of Trade €-4.7B €-4.8B €-4B € -3B
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 €-4B €-5.2B
2019-06-07 06:45 AM Balance of Trade €-4.6B
2019-07-05 06:45 AM Balance of Trade €-5.7B



French Trade Gap Narrows in February

The French trade deficit narrowed to EUR 4.0 billion in February 2019 from EUR 4.2 billion in the previous month, compared to market expectations of a EUR 4.7 billion gap.

Exports surged 0.9 percent from a month earlier to EUR 42.9 billion in February, as sales increased mostly for coke and refined petroleum products (25.3 percent), natural hydrocarbons, mining products, electricity (12.2 percent), agricultural, forestry, fishery and aquaculture products (1.2 percent), agribusiness products (0.5 percent), and transport equipment (0.4 percent). Meanwhile, exports of works of art, antiques and collectibles slumped 29.3 percent.

Among major trading partners, exports rose to the EU (0.5 percent), Africa (4.6 percent) and Asia (2.9 percent), but fell to the Middle East (-40.8 percent) and America (-4.1 percent).

Imports increased at a softer 0.4 percent to EUR 47.6 billion in February, driven by purchases of mechanical, electrical, electronic and computer equipment (2 percent), coke and refined petroleum products (1.6 percent), other industrial products (1.5 percent), transport equipment (1.3 percent), agribusiness products (1.1 percent), and agricultural, forestry, fishery and aquaculture products (0.4 percent). By contrast, there was a steep decline in natural hydrocarbons, mining products, electricity imports (-14 percent).

Among major trading partners, imports rose mainly from the EU (1.6 percent), Asia (2 percent) and America (0.2 percent), but fell from the Middle East (-5.9 percent) and Africa (-1.4 percent).


Ministère de l'Économie et des Finances | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/5/2019 7:18:32 AM



France Trade Last Previous Highest Lowest Unit
Balance of Trade -4002.00 -4213.00 2674.00 -7284.00 EUR Million [+]
Current Account -778.00 285.00 4784.00 -6601.00 EUR Million [+]
Current Account to GDP -0.30 -0.60 3.40 -2.10 percent [+]
Imports 46859.00 46682.00 47564.00 1151.90 EUR Million [+]
Exports 42858.00 42469.00 43425.00 1165.60 EUR Million [+]
External Debt 5157170.00 5001019.00 5157170.00 3536444.00 EUR Million [+]
Terms of Trade 115.87 115.31 115.87 89.48 Index Points [+]
Foreign Direct Investment 3837.00 4051.00 18318.00 -8086.00 EUR Million [+]
Capital Flows -7227.00 -15446.00 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 2810.00 3715.00 7838.00 1426.00 EUR Million [+]
Tourist Arrivals 82600.00 84500.00 84500.00 75000.00 Thousand [+]
Crude Oil Production 15.00 15.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-4002.00 -4213.00 2674.00 -7284.00 1970 - 2019 EUR Million Monthly




Country Last Previous
Argentina 460.00 Feb/19
Australia 4801.00 Feb/19
Brazil 4990.00 Mar/19
Canada -2894.80 Feb/19
China 326.47 Mar/19
Euro Area 17938.00 Feb/19
France -4002.00 Feb/19
Germany 17900.00 Feb/19
India -10890.00 Mar/19
Indonesia 540.20 Mar/19
Italy 3267.83 Feb/19
Japan 528.50 Mar/19
Mexico 1222.00 Feb/19
Netherlands 5130.00 Feb/19
Russia 15671.00 Feb/19
Saudi Arabia 180059.00 Dec/18
Singapore 3615.50 Mar/19
South Africa 3990.00 Feb/19
South Korea 5222.00 Mar/19
Spain -4483276.00 Jan/19
Switzerland 2494.00 Mar/19
Turkey -2134.33 Feb/19
United Kingdom -4860.00 Feb/19
United States -49382.00 Feb/19


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