📉🇫🇷 France's trade deficit narrows to €69.2 billion in 2025

Oneliner

France's trade deficit improved to €69.2 billion in 2025, a €10 billion reduction from the previous year, driven by lower energy costs and increased aeronautics exports. However, the agri-food sector's trade balance fell to a historic low, with a surplus of only €200 million, as imports surged. The agricultural balance turned negative, reflecting ongoing structural challenges. Minister Nicolas Forissier highlighted the need for a competitive agenda to support strategic sectors amid a fragmented trading environment.

Key points

• France's trade deficit improved to €69.2 billion, down €10 billion from 2024.
• The agri-food sector's trade balance fell to a historic low, with a surplus of only €200 million.
• Energy costs decreased significantly, contributing to the overall trade deficit reduction.
• Exports in aeronautics rose, but other sectors faced challenges amid rising imports.

Links

• Le Figaro: Le déficit commercial recule, à 69 milliards d’euros, mais persiste : pourquoi la France est incapable de rétablir l’équilibre
• Le Figaro: Alimentation : comment la France est devenue dépendante de l’étranger
• BFMTV: Malgré les tensions commerciales et les droits de douane, le déficit commercial de la France s'est réduit...
• Les Echos: La balance commerciale agroalimentaire de la France réduite à néant, une première depuis 1979

Facts

• France's trade deficit in 2025 is €69.2 billion, down from €79.2 billion in 2024.
• The agri-food sector's surplus is at its lowest since 1979, at €200 million.
• The agricultural balance is in deficit at €300 million.
• Exports increased by 4% year-on-year, while imports rose by 8.5%.

Quotes

• In a more fragmented and demanding trading world, France demonstrates its ability to stay the course — Nicolas Forissier

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