Overview In 2020, France was the number 7 economy in the world in terms of GDP (current US$), the number 8 in total exports, the number 7 in total imports, the number 27 economy in terms of GDP per capita (current US$) 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

Historical Data

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Value
Depth

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).

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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).

Economic Complexity

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Most Specialized Products by RCA Index

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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.

Export Opportunities by Relatedness

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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.

Relatedness Space

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This network shows the products most related to the production structure of France. These are products that tend to be co-exported with the products that France exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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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.

Economic Complexity Ranking

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Scale

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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