US EditionFrench Foreign Trade Deficit Widens Even Before New Tariffs Take Effect
5 Articles
5 Articles
French foreign trade deficit widens even before new tariffs take effect
In the first half of the year, the value of imports outpaced exports by €43 billion, according to figures published on Thursday. For the first time in its history, France posted a deficit in pharmaceuticals.
In particular, the trade balance has been affected by manufactured products and energy, according to customs.
The French trade deficit reached EUR 22.9 billion in the second quarter. In the face of US customs duties, some of the Chinese flows are turning towards Europe.
France's trade deficit increased sharply in the first half of the year, following a sharp increase in imports, even before the definitive entry into force of the new US customs duties.
The first half of 2025 was marked by unprecedented trade uncertainty and an unstable international economic environment. In this unbearable economic environment, the dynamics of France's goods balance are on the rise. France, however, is experiencing an increase in exports in several key sectors, and services remain very efficient. The trade balance of goods increased by €4.4 billion in value in the first half of 2025 compared with the second ha…
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