France Balance Commerciale

The trade gap in France narrowed to €7.7 billion in October 2024 from a downwardly revised $8.4 billion in September and below forecasts of an €8 billion shortfall. Month-on-month, exports rose 0.9% to €48.7 billion, mainly driven by higher sales of refined petroleum products and coke (+24.4%), and agricultural, forestry, fishing and aquaculture products (+3.7%). Exports grew to all key regions, namely the European Union (+0.7%), Africa (+0.5%), America (+5.4%), Middle East (+0.7%), and Asia (+3.9%). Meanwhile, imports fell 0.5% to €56.4 billion, primarily due to lower purchases of refined petroleum products and coke (-2.2%), and transport equipment (-6.5%). Among regions, imports fell from the European Union (-0.6%), America (-1.4%), and Asia (-3.7%).