France2020 Economic Complexity : 1.34, Rank 15 of 127
2020 Product Exports | Imports: $472B | $562B, 8 of 226 | 7 of 226
2020 Per Capita Product Exports | Imports: $7k | $8.34k, 43 of 219 | 35 of 219
2020 Service Exports | Imports : $213B | $199B, 2 of 65 | 5 of 65
Overview In 2020, France was the number 7 economy in the world in terms of GDP (current US$), the number 8 in total exports, the number 7 in total imports, the number 31 economy in terms of GDP per capita (current US$) and the number 15 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of France are Packaged Medicaments ($27.9B), Planes, Helicopters, and/or Spacecraft ($25.2B), Cars ($18.9B), Motor vehicles; parts and accessories (8701 to 8705) ($12.4B), and Gas Turbines ($11.5B), exporting mostly to Germany ($65.2B), United States ($36.7B), Italy ($36B), Belgium ($34.6B), and Spain ($33.9B).
In 2020, France was the world's biggest exporter of Planes, Helicopters, and/or Spacecraft ($25.2B), Wine ($10.1B), Beauty Products ($9.02B), Perfumes ($4.49B), and Bovine ($1.61B)
Imports The top imports of France are Cars ($35.5B), Packaged Medicaments ($18.5B), Refined Petroleum ($14.7B), Motor vehicles; parts and accessories (8701 to 8705) ($12.7B), and Crude Petroleum ($10.5B), importing mostly from Germany ($101B), Italy ($49.5B), Spain ($47.6B), Belgium ($44.4B), and Netherlands ($43.7B).
In 2020, France was the world's biggest importer of Non-fillet Fresh Fish ($2.02B), Glands and Other Organs ($923M), Nuclear Reactors ($603M), Other Metal Fasteners ($299M), and Agglomerated Cork ($175M)
Location France borders by land and United Kingdom by sea.
Fourth Quarter, 2021
Overview In Fourth Quarter 2021 France exported €131B and imported €166B, resulting in a negative trade balance of €34.5B. Between Fourth Quarter 2020 and Fourth Quarter 2021 the exports of France have increased by €15B (12.9%) from €116B to €131B, while imports increased by €32.8B (24.6%) from €133B to €166B.
Trade In Fourth Quarter 2021, the top exports of France were Chemical products (€17.3B), Other transport equipment (€11.7B), Motor vehicles, trailers and semi-trailers (€11.5B), n.e.c. machinery and equipment (€9.94B), and Food products (€9.39B). In Fourth Quarter 2021 the top imports of France were Motor vehicles, trailers and semi-trailers (€16.5B), Computer, electronic and optical (€14.9B), Chemical products (€13.7B), n.e.c. machinery and equipment (€12.5B), and hydrocarbons (€11.6B).
Origins In Fourth Quarter 2021 the exports of France were mainly from Haute-Garonne (€6.97B), Nord (€6.85B), Hauts-de-Seine (€6.76B), Seine-Maritime (€6.7B), and Paris (€5.77B), while imports destinations were mainly Paris (€10.9B), Nord (€10B), Bouches-du-Rhône (€9.46B), Seine-Maritime (€9.38B), and Hauts-de-Seine (€8.06B).
Destinations In Fourth Quarter 2021, France exported mostly to Germany (€18.3B), Italy (€10.8B), Belgium (€10.3B), Spain (€10.2B), and United States (€9.3B), and imported mostly from Germany (€21.9B), China (€18.7B), Belgium (€14.1B), Italy (€12.2B), and Spain (€11.3B).
Growth In Fourth Quarter 2021, the increase in France's year-by-year exports was explained primarily by an increase in exports to Turkey (€571M or 35.6%), Poland (€388M or 15.7%), and Netherlands (€265M or 6.23%), and product exports increase in Chemical products (€1.6B or 11.4%), Collection, treatment and disposal; materials recovery (€555M or 57.9%), and Products of agriculture and hunting and... (€555M or 15.1%). In Fourth Quarter 2021, the increase in France's year-by-year imports was explained primarily by an increase in imports from Spain (€835M or 8.85%), Belgium (€382M or 4.14%), and Poland (€285M or 9.51%), and product imports increase in Chemical products (€1.13B or 10.6%), Iron products (€887M or 16.3%), and rubber and plastic products (€675M or 14.9%).
EXPORT GROWTH (Fourth Quarter 2020 - Fourth Quarter 2021): €15B, (12.9%)
IMPORT GROWTH (Fourth Quarter 2020 - Fourth Quarter 2021): €32.8B, (24.6%)
MAIN EXPORTER (Fourth Quarter 2021): Haute-Garonne, €6.97B
MAIN DESTINATION (Fourth Quarter 2021): Germany, €18.3B
This section shows exports and imports data at subnational level for France. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of France over time.
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Top Export (2020): Packaged Medicaments, $27.9B
Top Destination (2020): Germany, $101B
In 2020, France exported a total of $472B, making it the number 8 exporter in the world. During the last five reported years the exports of France have changed by -$25.2B from $497B in 2015 to $472B in 2020.
The most recent exports are led by Packaged Medicaments ($27.9B), Planes, Helicopters, and/or Spacecraft ($25.2B), Cars ($18.9B), Motor vehicles; parts and accessories (8701 to 8705) ($12.4B), and Gas Turbines ($11.5B). The most common destination for the exports of France are Germany ($65.2B), United States ($36.7B), Italy ($36B), Belgium ($34.6B), and Spain ($33.9B).
Fastest Growing Export Markets (2019 - 2020)
Fastest Growing Import Markets (2019 - 2020)
France Exports Services (2020): $213B
France Imports Services (2020): $199B
In 2020, France exported $213B worth of services. The top services exported by France in 2020 were Miscellaneous business, professional, and technical services ($75.4B), Personal travel ($29.3B), Sea transport ($19.7B), Other transport ($16.3B), and Royalties and license fees ($14.7B).
The top services imported by France in 2020 were Miscellaneous business, professional, and technical services ($66.5B), Other transport ($24.7B), Personal travel ($16.4B), Sea transport ($13.5B), and Royalties and license fees ($12.3B).
France has a high level of specialization in Flax Fibers (18.2), Wood Barrels (17.1), Perfumes (10.5), Wine (10.5), and Zinc Sheets (10.1). Specialization is measured using RCA, an index that takes the ratio between France observed and expected exports in each product.
The highest complexity exports of France according to the product complexity index (PCI) are Disc Chemicals for Electronics (2.01), Other Esters (1.96), Silicone (1.74), Glass with Edge Workings (1.72), and Hot-Rolled Stainless Steel Bars (1.68). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for France according to the relatedness index, are Sheet Music (0.49), Tensile Testing Machines (0.48), Coin (0.47), Hormones (0.47), and Chemical Analysis Instruments (0.47). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that France is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.
During the last 20 years France's economy has become relatively less complex, moving from the 8th to the 15th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
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