The trade gap in France widened sharply to EUR 7.05 billion in May of 2020 from an upwardly revised EUR 5.1 billion in April. It is the highest gap since a record of EUR 7.37 billion in January of 2017, as both exports and imports rebounded after a big fall in April and March due to the coronavirus lockdown. Imports jumped 20.5 percent to EUR 34.7 billion, mainly due to purchases of autos and parts, phones, communication equipment and masks and exports increased 16.9 percent to EUR 27.7 billion. The trade gap with the European Union widened by EUR 0.89 billion to EUR 3.47 billion and the deficit with Asia increased by EUR 1.64 billion from EUR 5.08 billion.
Balance of Trade in France averaged -1351.37 EUR Million from 1970 until 2020, reaching an all time high of 2674 EUR Million in October of 1997 and a record low of -7372.30 EUR Million in January of 2017. 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 July of 2020. source: Ministère de l'Économie et des Finances
Balance of Trade in France is expected to be -3700.00 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 -6000.00 in 12 months time. In the long-term, the France Balance of Trade is projected to trend around -2650.00 EUR Million in 2021 and -330.00 EUR Million in 2022, according to our econometric models.