France’s trade deficit slightly narrowed to €5.9 billion in July 2024 from a downwardly revised €6.0 billion in June, but coming more than market forecasts of €5.5 billion. It was the smallest trade deficit since March, with exports falling 3.3% month-over-month to €49.8 billion, while imports decreased 3.1% to €55.7 billion. At the same time, the energy shortfall declined to €4.1 billion compared to €5.7 billion in the prior month. The trade gap for investment goods dropped to €0.8 billion from €1 billion, while the deficit for intermediate goods widened to €2.5 billion from €2.0 billion. The trade account for consumer goods shifted to a shortfall of €0.1 billion from a surplus of €0.8 billion. Considering January to July, the trade deficit narrowed to €45.3 billion from €54.0 billion in the same period last year. source: Ministère de l'Économie et des Finances
France recorded a trade deficit of 5884 EUR Million in July of 2024. Balance of Trade in France averaged -1894.34 EUR Million from 1970 until 2024, reaching an all time high of 2674.00 EUR Million in October of 1997 and a record low of -16793.00 EUR Million in September of 2022. 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 September of 2024.
France recorded a trade deficit of 5884 EUR Million in July of 2024. Balance of Trade in France is expected to be -8100.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the France Balance of Trade is projected to trend around -10400.00 EUR Million in 2025 and -10500.00 EUR Million in 2026, according to our econometric models.
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. The biggest trade deficits were recorded with: China, Germany, the Netherlands, Italy and Belgium; while the biggest trade surpluses were recorded with: the United States, the United Kingdom, the Middle East, and Switzerland.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| -5884.00 | -5980.00 | 2674.00 | -16793.00 | 1970 - 2024 | EUR Million | Monthly |
News Stream
France Trade Deficit Smallest in 4 Months
France’s trade deficit slightly narrowed to €5.9 billion in July 2024 from a downwardly revised €6.0 billion in June, but coming more than market forecasts of €5.5 billion. It was the smallest trade deficit since March, with exports falling 3.3% month-over-month to €49.8 billion, while imports decreased 3.1% to €55.7 billion. At the same time, the energy shortfall declined to €4.1 billion compared to €5.7 billion in the prior month. The trade gap for investment goods dropped to €0.8 billion from €1 billion, while the deficit for intermediate goods widened to €2.5 billion from €2.0 billion. The trade account for consumer goods shifted to a shortfall of €0.1 billion from a surplus of €0.8 billion. Considering January to July, the trade deficit narrowed to €45.3 billion from €54.0 billion in the same period last year.
2024-09-06
France Trade Deficit Narrows in June
France’s trade deficit narrowed to €6.1 billion in June 2024, compared to May’s downwardly revised €7.7 billion and market forecasts of €7.5 billion. It was the smallest trade deficit in three months, as exports rose 3.4% month-over-month to €51.7 billion, while imports fell 0.2% to €57.8 billion. At the same time, the energy shortfall fell to €5.3 billion compared to €5.5 billion in the prior month. The trade surplus for consumer goods increased €0.2 billion from €0.1 billion, while the deficit for intermediate goods rose by €0.2 billion to €2.2 billion. Considering the April to June period, the trade deficit widened to $26.4 billion from €23.3 billion in the previous quarter.
2024-08-07
France Trade Deficit Largest in 7 Months
France’s trade deficit widened to €8 billion in May 2024 from a downwardly revised €7.5 billion in the previous month and above market forecasts of €7.2 billion. This marked the largest trade gap since October 2023, as exports dropped 1.8% month-over-month to €50.2 billion while imports fell at a softer 0.7% to €58.2 billion. Meanwhile, the energy shortfall decreased to €5.5 billion compared to a downwardly revised €6 billion in the preceding month. In the manufacturing sector, the trade gap for intermediate goods fell by €0.1 billion, reaching €2 billion, while the deficit for investments goods declined by €0.3 billion, standing at €2.1 billion. Moreover, the balance of consumer goods fell for the fourth straight month albeit remained in surplus at €0.1 billion.
2024-07-05
