2024/04/09 12:22:25

French foreign trade

Content

2023
2022
- Germany is the largest export destination
- Trade deficit with China
2021
- Sixth largest importer to Russia
- France is among the largest arms exporters in 5 years with a share of 10.7%
2019
- 7th place in terms of imports to the Russian Federation
- Computer Device Export Volume
2015: Top ten global apple exporters with 8.8% share
See also

2023

Deficit in trade with Algeria 2.1 billion euros with its growth to 11.8 billion euros

The trade turnover of the two countries in 2023 reached 11.8 billion euros, an increase of 5.3% compared to 2022 (11.2 billion euros).

The growth in trade is associated with an increase in France's imports of Algerian goods - up to 7.3 billion euros (+ 8%), which are mainly represented by hydrocarbons - 6 billion euros (+ 15.3%):

natural gas - 3.1 billion euros (+ 30.1%);
crude oil - 2.9 billion euros (+ 5.6%).

French exports to Algeria shrank 0.5% to €4.49 billion in 2023, down from €4.51 billion in 2022. Grain sales, which have been the main item of French agroexport to Algeria since 2003, have decreased 5 times from 834 million euros in 2022 to 166 million euros in 2023.

Supplies of French industrial products to Algeria in 2023 increased by 20.5% compared to 2022 and amounted to 1.9 billion euros. Mechanical equipment in 2023 was delivered by 1 billion euros, which is + 16.9% more than in 2022 (863 million euros).

At the same time, the trade deficit between France and Algeria in 2023 amounted to 2.8 billion euros (+ 33.3%) compared to 2022 - 2.1 billion euros.

Deficit in trade with Morocco with its growth to 14 billion euros

Morocco's trade surplus with France reached nearly €690 million in 2023. The trade turnover between Morocco and France recorded record figures, exceeding 14 billion euros. The growth of mutual trade amounted to 5% compared to 2022, when trade also increased significantly (+ 25%).

Bilateral trade at this time is twice the level of 2015. While Morocco's overall trade balance is traditionally scarce (due to its heavy reliance on energy imports), trade with France shows a steady surplus.

Morocco's key exports to France are agricultural products (+ 16%) and automotive products (+ 5%). The main imports are transport equipment (+ 58%), chemical products and pharmaceuticals (+ 10%), wheat, the volume of import of which into Morocco amounted to 2.3 million tons.

Products of the automotive industry as a whole are one of the main items of Moroccan exports abroad, despite the fact that France accounts for more than 40% of these supplies.