The French trade deficit rose to EUR 5.2 billion in June 2019 from EUR 3.3 billion in the prior month and compared with market expectations of EUR 4.0 billion shortfall. Exports slumped 4.9 percent month-over-month and imports decreased at a softer 0.6 percent. Balance of Trade in France averaged -1233.62 EUR Million from 1970 until 2019, reaching an all time high of 2674 EUR Million in October of 1997 and a record low of -7476 EUR Million in January of 2017.

Balance of Trade in France is expected to be -4900.00 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
2019-05-07 06:45 AM Balance of Trade Mar €-5.3B €-4.1B €-4.5B €-5.2B
2019-06-07 06:45 AM Balance of Trade Apr €-5B €-5.5B €-4.9B €-4.6B
2019-07-05 06:45 AM Balance of Trade May €-3.3B €-4.9B €-4.95B €-5.7B
2019-08-07 06:45 AM Balance of Trade Jun €-5.2B €-3.3B €-4B €-4.8B
2019-09-06 06:45 AM Balance of Trade Jul €-5.2B €-3.2B
2019-10-08 06:45 AM Balance of Trade Aug €-3.8B
2019-11-08 07:45 AM Balance of Trade Sep € -4.9B



French Trade Gap Widens in June

The French trade deficit rose to EUR 5.2 billion in June 2019 from EUR 3.3 billion in the prior month and compared with market expectations of EUR 4.0 billion shortfall. Exports slumped 4.9 percent month-over-month and imports decreased at a softer 0.6 percent.

Exports tumbled 4.9 percent from month earlier to EUR 41.9 billion in June 2019. Declines in shipments were recorded in all categories, mostly transport equipment (-3.8 percent), of which aerospace products; mechanical, electrical, electronic and computer equipment (-4.3 percent); other industrial products (-0.3 percent); food products (-4.4 percent); coke and refined petroleum products (-14.7 percent); pharmaceuticals (-5.3 percent); steel and primary steel products (-6.2 percent) and agricultural, forestry, fishery and aquaculture products (-3.5 percent).

Among major trading partners, overseas sales fell to the EU (-0.8 percent), Asia (-14.4 percent), America (-0.7 percent) and Africa (-7.7 percent), but rose to the Middle East (2.6 percent).

Imports decreased at a slower 0.6 percent to EUR 47.1 billion, mainly dragged down by lower purchases of natural hydrocarbons, mining products, electricity (-5 percent) and coke and refined petroleum products (-6.7 percent). Meanwhile, those of transport equipment rose (0.5 percent), as an increase in purchases of vehicles offset a decline in imports of aerospace products. Also, purchases went up for mechanical, electrical, electronic and computer equipment (0.8 percent); textiles, clothing, leather and shoes (0.7 percent) and jewelry, toys, furniture (3.8 percent).

Among major trading partners, imports shrank from the EU (-1.2 percent), America (-1.1 percent) and the Middle East (-18.4 percent), while increased from Asia (2 percent) and Africa (6.5 percent).


Ministère de l'Économie et des Finances | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
8/7/2019 10:36:38 AM



France Trade Last Previous Highest Lowest Unit
Balance of Trade -5187.00 -3278.00 2674.00 -7476.00 EUR Million [+]
Current Account -755.00 -45.00 4784.00 -6642.00 EUR Million [+]
Current Account to GDP -0.30 -0.60 3.40 -2.10 percent [+]
Imports 47095.00 47360.00 48410.00 1151.90 EUR Million [+]
Exports 41908.00 44082.00 44082.00 1165.60 EUR Million [+]
External Debt 5484334.00 5090901.00 5484334.00 3536444.00 EUR Million [+]
Terms of Trade 113.99 114.38 115.87 89.48 Index Points [+]
Foreign Direct Investment 2348.00 2540.00 21742.00 -8086.00 EUR Million [+]
Capital Flows 14376.00 10921.00 36458.00 -31626.00 EUR Million [+]
Remittances 72.00 72.00 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 6134.00 4849.00 7838.00 1426.00 EUR Million [+]
Tourist Arrivals 86900.00 82600.00 86900.00 75000.00 Thousand [+]
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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-5187.00 -3278.00 2674.00 -7476.00 1970 - 2019 EUR Million Monthly




Country Last Previous
Argentina 951.00 Jul/19
Australia 8036.00 Jun/19
Brazil 2290.00 Jul/19
Canada 135.80 Jun/19
China 446.13 Jul/19
Euro Area 20611.70 Jun/19
France -5187.00 Jun/19
Germany 16821.00 Jun/19
India -13430.00 Jul/19
Indonesia -60.00 Jul/19
Italy 5728.50 Jun/19
Japan -249.59 Jul/19
Mexico 2561.00 Jun/19
Netherlands 5158.00 Jun/19
Russia 12508.00 Jun/19
Saudi Arabia 131636.00 Mar/19
Singapore 2831.10 Jul/19
South Africa 4419.50 Jun/19
South Korea 2441.00 Jul/19
Spain -1532700.00 Jun/19
Switzerland 2671.16 Jul/19
Turkey -3177.27 Jun/19
United Kingdom 1779.00 Jun/19
United States -55154.00 Jun/19


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