France Balance Commerciale

France’s trade deficit stood at €7.6 billion in June 2025, unchanged from May’s eight-month high and slightly above market expectations of €7.5 billion. Exports rose by 3.4% month-over-month to €50.6 billion, driven by higher sales of refined petroleum products and coke (+10.3%), transport equipment (+7.9%), and natural hydrocarbons (+5.7%). By region, exports increased to the EU (+3.5%), Middle East (+2.8%), and Asia (+8.3%). Shipments to the Americas also rose 6.3%, ahead of upcoming US tariffs on EU goods. Meanwhile, imports grew by 2.9% to €58.3 billion, mainly due to higher purchases of natural hydrocarbons (+5.3%), mechanical, electrical, electronic, and computer equipment (+3.7%), and other industrial products (+3.5%). Regionally, imports rose from the EU (+2.9%), Americas (+5.9%), and Asia (+0.6%). Notably, arrivals plummeted from the Middle East (-26.7%), and to a lesser extent, from Africa (-6.1%).