France2021 Economic Complexity Trade : 1.35, Rank 15 of 131
2021 Economic Complexity Technology : 1.24, Rank 7 of 96
2021 Economic Complexity Research : 1.73, Rank 12 of 140
2021 Product Exports | Imports: $569B | $696B, 8 of 226 | 5 of 226
2021 Per Capita Product Exports | Imports: $8.42k | $10.3k, 52 of 219 | 34 of 219
Overview In 2021, France was the number 7 economy in the world in terms of GDP (current US$), the number 8 in total exports, the number 5 in total imports, the number 24 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 Planes, Helicopters, and/or Spacecraft ($35.2B), Packaged Medicaments ($27.2B), Cars ($20.7B), Motor vehicles; parts and accessories (8701 to 8705) ($13.5B), and Wine ($13.2B), exporting mostly to Germany ($74.1B), Italy ($46B), Belgium ($43.8B), United States ($42.1B), and Spain ($41.6B).
In 2021, France was the world's biggest exporter of Planes, Helicopters, and/or Spacecraft ($35.2B), Wine ($13.2B), Beauty Products ($10.8B), Perfumes ($6.23B), and Bovine ($1.6B)
Imports The top imports of France are Cars ($40.3B), Refined Petroleum ($23.1B), Petroleum Gas ($22.5B), Packaged Medicaments ($19.6B), and Crude Petroleum ($16.1B), importing mostly from Germany ($119B), Italy ($61.6B), Belgium ($59.9B), Spain ($59B), and Netherlands ($57.1B).
In 2021, France was the world's biggest importer of Non-fillet Fresh Fish ($2.67B), Glands and Other Organs ($1.08B), Nuclear Reactors ($709M), Other Metal Fasteners ($402M), and Agglomerated Cork ($213M)
Location France borders by land and United Kingdom by sea.
Fourth Quarter, 2022
Overview In Fourth Quarter 2022 France exported €152B and imported €199B, resulting in a negative trade balance of €47.2B. Between Fourth Quarter 2021 and Fourth Quarter 2022 the exports of France have increased by €20.8B (15.9%) from €131B to €152B, while imports increased by €33.5B (20.2%) from €166B to €199B.
Trade In Fourth Quarter 2022, the top exports of France were Chemical products (€18.6B), Other transport equipment (€16.2B), Motor vehicles, trailers and semi-trailers (€13.5B), n.e.c. machinery and equipment (€11.7B), and Food products (€10.6B). In Fourth Quarter 2022 the top imports of France were hydrocarbons (€23.4B), Motor vehicles, trailers and semi-trailers (€19.6B), Chemical products (€16.1B), Computer, electronic and optical (€15.9B), and n.e.c. machinery and equipment (€14.5B).
Origins In Fourth Quarter 2022 the exports of France were mainly from Paris (€10.4B), Haute-Garonne (€9.52B), Hauts-de-Seine (€8.69B), Nord (€7.68B), and Val-d'Oise (€6.64B), while imports destinations were mainly Paris (€16.4B), Nord (€13.3B), Bouches-du-Rhône (€12.9B), Hauts-de-Seine (€12.7B), and Seine-Maritime (€10.6B).
Destinations In Fourth Quarter 2022, France exported mostly to Germany (€20.1B), Italy (€14B), United States (€12.1B), Belgium (€11.4B), and Spain (€11.2B), and imported mostly from Germany (€23.4B), China (€20.1B), Belgium (€18.7B), United States (€15.6B), and Spain (€14.2B).
Growth In Fourth Quarter 2022, the increase in France's year-by-year exports was explained primarily by an increase in exports to Italy (€3.24B or 30.1%), United States (€2.81B or 30.2%), and Germany (€1.78B or 9.75%), and product exports increase in Other transport equipment (€4.48B or 38.4%), hydrocarbons (€3.52B or 330%), and Motor vehicles, trailers and semi-trailers (€1.93B or 16.7%). In Fourth Quarter 2022, the increase in France's year-by-year imports was explained primarily by an increase in imports from United States (€5.93B or 61.2%), Belgium (€4.61B or 32.6%), and Spain (€2.87B or 25.3%), and product imports increase in hydrocarbons (€11.8B or 102%), Products of coke and refined petroleum (€3.54B or 47.1%), and Motor vehicles, trailers and semi-trailers (€3.09B or 18.7%).
EXPORT GROWTH (Fourth Quarter 2021 - Fourth Quarter 2022): €20.8B, (15.9%)
IMPORT GROWTH (Fourth Quarter 2021 - Fourth Quarter 2022): €33.5B, (20.2%)
MAIN EXPORTER (Fourth Quarter 2022): Paris, €10.4B
MAIN DESTINATION (Fourth Quarter 2022): Germany, €20.1B
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 (2021): Planes, Helicopters, and/or Spacecraft, $35.2B
Top Destination (2021): Germany, $74.1B
In 2021, France exported a total of $569B, making it the number 8 exporter in the world. During the last five reported years the exports of France have changed by $78.6B from $490B in 2016 to $569B in 2021.
The most recent exports are led by Planes, Helicopters, and/or Spacecraft ($35.2B), Packaged Medicaments ($27.2B), Cars ($20.7B), Motor vehicles; parts and accessories (8701 to 8705) ($13.5B), and Wine ($13.2B). The most common destination for the exports of France are Germany ($74.1B), Italy ($46B), Belgium ($43.8B), United States ($42.1B), and Spain ($41.6B).
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 (18.4), Wood Barrels (16.3), Wine (11.9), Perfumes (11.8), and Planes, Helicopters, and/or Spacecraft (11). 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 Chemical elements doped for use in electronics, in the form of discs,... (1.94), Esters of other inorganic acids of non-metals (other than of hydrogen halides)... (1.92), X-ray, alpha, beta, gamma radiation apparatus; x-ray tubes, x-ray generators, high tension... (1.68), Silicones in primary forms (1.68), and Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including... (1.66). 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, were Hormones (0.48), Chemical Analysis Instruments (0.48), Typewriters (0.48), Revenue Stamps (0.48), and Potato Flours (0.48). 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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