France Balance Commerciale

The trade deficit in France widened to €6.5 billion in January 2025 from €3.9 billion in December and well above the expected €4.1 billion. Exports declined 4.6% month-on-month to €49.8 billion, driven by lower sales of transport equipment (-8.1%), agricultural and aquaculture products (-5.6%), and mechanical, electrical, and computer equipment (-5.3%). Exports declined across Asia (-19.1%), America (-11.7%), Africa (-11%), the Middle East (-8.7%), and the European Union (-0.2%). Meanwhile, imports rose 1.2% to €56.4 billion, led by higher purchases of natural hydrocarbons and extractive industry products (+17.2%), plans and technical drawings (+16.7%), and other industrial products (+2.5%). Imports increased from the Middle East (+16.9%), America (+7.1%), Asia (+1%), and the European Union (+0.5%).