France Balance of Trade
Jul 31, 2023
Oct 06, 2023
Time to Release
26 Days 0 Hours
|-1,807.19 EUR Million||1970-2023||N/A|
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.
France's trade deficit widened to EUR 8.1 billion in July of 2023, following an upwardly revised EUR 6.8 billion in the previous month, and above market forecasts of EUR 6.8 billion. Imports rose by 3.1 percent month-over-month to 6-month high of EUR 60.7 billion and exports increased by 1 percent to EUR 52.6 billion. The energy gap climbed to EUR 7.3 billion from EUR 4.7 billion in June. Excluding energy, the trade deficit narrowed to EUR 2.9 billion from EUR 4.1 billion. In the manufacturing industry, the trade balance for capital goods fell slightly by EUR 0.1 billion, while the balance of consumer goods improved EUR 0.1 billion, as did that of intermediate goods, which rose by EUR 0.4 billion.
France Balance of Trade History
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