Trade Balance in France

France Trade Balance | Economic News & Forecasts

France - Trade Balance

Available data suggests the economy is shrinking at a faster rate in the second quarter, on the heels of the steepest contraction on record in the first quarter. Domestic demand is being ravaged by Covid-19: Rising unemployment, social distancing measures and business closures are all hammering consumption and investment, as signaled by marked deteriorations in survey-based indicators in April–May. With the flight and motor industries being particularly hard hit by the crisis, in the past few weeks the government moved to support large French companies by providing a EUR 7.0 billion loan to air carrier France–KLM and a EUR 5.0 billion loan to car producer Renault. Amid a deteriorating fiscal backdrop and shrinking economic activity, on 15 May Fitch Ratings revised France’s outlook to negative, maintaining an AA rating. Meanwhile, in politics, President Emmanuel Macron lost his parliamentary majority on 19 May, thus hindering the approval of his controversial pension reform.

France - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-32.1  -36.0  -51.3  -57.5  -52.5  

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France Trade Balance Chart

France Trade
Note: Trade balance (in EUR bn).
Source: Bank of France.

France Facts

Value Change Date
Bond Yield0.080.46 %Jan 01
Exchange Rate1.120.65 %Dec 31

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