France trade statistics 2022-23

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An Overview of France's Trade Statistics in 2022-23

France remains one of the most trade-driven economies in the world and is a major exporter of manufactured goods, services, and agricultural products. In 2022-23, France’s total exports increased by 3.9 percent to €631.3 billion ($795.3 billion). This was driven by a 5.7 percent increase in goods exports to €479.2 billion ($602.5 billion). Services exports rose 2.8 percent to €152.2 billion ($192.9 billion). The data provided includes total exports and imports, top export and import partners, trends in the value of exports and imports, and other related information. The dynamics of the world economy often make us ponder on specifics. One such area worth delving into is the France trade statistics 2022-23. Want to unlock the sequestered secrets within? The following article provides an overview of France's trade statistics for the period 2022-23 along with its shipment data and export data in detail.

A reflection on the recent France trade statistics

When you browse the global economy section, you might wonder, what exactly has been going on with France's trade? Unraveling France's trade statistics for 2022-23, it becomes evident that this European giant continues to play a significant role in the global economy. The trade surplus in the French economy marked a rebound, reflecting stronger export performances. France's export data shows that despite the ongoing global health crisis, the country robustly increased its export activities. The sectors contributing most significantly include machinery, chemical products, and beverages, amongst others.

France Shipment Data

Digging into the France shipment data, you can't help but respect the resilience of its logistics sector. The freight industry faced a multitude of challenges but adeptly navigated through rough waters. Shining a spotlight on 2022's figures, France's transport sector signaled a positive trend. Road transport dominated, but other modes like air and sea also held their ground.

Understanding the Export Data of France

Moving on to the crux of the matter, the France export data. Ever thought which sectors contributed heavily to France's exports? The automotive sector, a long-established pillar of France's economy, held a strong position. Other notable exports included pharmaceuticals and aircraft. Interestingly, despite global challenges, French wine exports flourished, with the US & and UK being the leading exporters according to the export data.

Top exports

France’s top exports in 2022-23 included aircraft engines, cars, pharmaceuticals, perfumes, cosmetics, cheese, wine, and spirits. These items accounted for 41.5 percent of France’s total exports. The top 10 exports from France in 2022-23, according to an analysis of the France export data, were –

1. machinery (11.4%)

2. vehicles (9.3%)

3. electrical machinery & equipment (8.1%)

4. pharmaceutical products (7.9%)

5. aircraft, spacecraft parts (6.1%)

6. plastics & articles (4.0%)

7. essential oils & resinoids (3.7%)

8. beverages, spirits & vinegar (3.6%)

9. optical, photographic, and medical equipment (3.3%)

10. miscellaneous chemical products (2.6%)

Top export markets

France’s largest export markets in 2022-23 were -

1. The United States (14.7 percent)

2. Germany (12.4 percent)

3. United Kingdom (6.6 percent)

4. Spain (5.4 percent)

5. Belgium (5.2 percent).

Import statistics.

France’s total imports in 2022-23 rose by 5.4 percent to €531.8 billion ($673.7 billion). This was driven by an 8.3 percent increase in goods imports to €420.3 billion ($529.2 billion). Services imports rose 0.8 percent to €111.5 billion ($141.5 billion). France import data is a sort of statistical information that is derived from reputable French institutions and contains a wealth of information. From the France import data, you may learn everything, from the HS codes and descriptions of each HS code to the number and price of each commodity.

Top imports

France’s top imports in 2022-23 included cars, crude petroleum, computers, petroleum gas, packaged medicaments, refined petroleum, and wheat. These items accounted for 48.2 percent of France’s total imports. According to statistics from France, the country imported the most metal fasteners ($299M), nuclear reactors ($603M), and fresh fish ($2.02B). According to data on France's imports, the top 10 categories for imports into France in 2022-23 were:

1. machinery (12.5%)

2. vehicles (11.5%)

3. electrical machinery & equipment (9.4%)

4. mineral fuels & oils (6.9%)

5. pharmaceutical products (5.0%)

6. plastics & articles (3.9%)

7. optical, photographic, and medical equipment (3.5%),

8. organic chemicals (2.5%)

9. aircraft, spacecraft & parts (2.2%)

10. apparel and clothing (1.9%)

Top import markets

France’s largest import markets in 2022-23 were -

1. Germany (16.7 percent)

2. China (13.4 percent)

3. United Kingdom (7.6 percent)

4. Netherlands (5.2 percent)

5. Italy (4.9 percent)

Conclusive Thoughts

Analyzing France's trade statistics for 2022-23, we cannot overlook France's impressive economic resilience. Amid global disruptions, the country showed remarkable dexterity, managing the various factors affecting trade, and shaping a captivating narrative of triumph in turmoil. This makes one anticipate how France's trade scenario will unfold in 2023. Will the current export trends persist? Only time will unravel the economic fabric of the future. Till then, let's keep our eyes peeled on this saga of international trade. Unraveling France's trade statistics for 2022-23, it becomes evident that this European giant continues to play a significant role in the global economy. The trade surplus in the French economy marked a rebound, reflecting stronger export performances. Digging into France's shipment data, you can't help but respect the resilience of its logistics sector.