66: Iberian monasteries in the

Major exports of France

Second to Germany, France is the second largest exporter and importer in Europe. Since January 1 1995, France has been a part of the World Trade Organisation, existing both as an individual nation and as part of the EU (known officially as the European Communities in the WTO until 30 November 2009).

Much of France’s exports include a number of valuable commodities including machinery and transportation equipment, aircraft, plastics, chemicals, pharmaceuticals, iron, steel, consumer products, petroleum and cars & vehicles. A major part of this foreign trade is carried out with European partners including Germany, UK, Spain and Italy. Exports to the EU increased slightly due to rising deliveries to Germany and Italy.

Outside the EU, sales to Africa and Asia continued to increase, but exports to the Middle East, America, Switzerland and Turkey fell. France is also the world’s largest exporter in the world of both services and farm products.

The manufacturing industry is a key exporter, making up nearly 27% of France’s GDP. France’s exceptional export growth has been aided by structural reforms initiated by the government that promote every aspect of foreign trade.

France is also the ninth-largest trading partner of the U.S.

In June 2013, France's trade deficit narrowed to €4.44 billion. The deficit decline was due to a sharp fall in imports which registered the weakest reading since December 2010.

Total value of exports: $567.1 billion

Primary exports – commodities: machinery and transportation equipment, aircraft, plastics, chemicals, pharmaceutical products, iron and steel, beverages

Primary exports partners: Germany (16.7 percent of total exports), Belgium (7.5 percent), Italy (7.5 percent), Spain (6.9 percent), UK (6.9 percent), US (5.6 percent), Netherlands (4.3 percent)

Total value of imports: $641.3 billion

Primary imports - commodities: machinery and equipment, vehicles, crude oil, aircraft, plastics, chemicals

Primary imports partners: Germany (19.5 percent), Belgium (11.3 percent), Italy (7.6 percent), Netherlands (7.4 percent), Spain (6.6 percent), UK (5.1 percent), China (4.9 percent)

Source: www.economywatch.com
RELATED VIDEO
Japan sets up fund to boost export of weapon by offering
Japan sets up fund to boost export of weapon by offering ...
Structural Adjustment—a Major Cause of Poverty
Structural Adjustment—a Major Cause of Poverty
What are the major Exports of Germany?
What are the major Exports of Germany?
RELATED FACTS
Share this Post

Related posts

Major exports of Belgium

Major exports of Belgium

NOVEMBER 13, 2024

Belgium’s key-role in Europe is given by the fact that it is the headquarter of the European Union and other major international…

Read More
Major exports of Italy

Major exports of Italy

NOVEMBER 13, 2024

As the country faces challenges in geographic terms, as it has mountainous terrains that make agriculture difficult, automobiles…

Read More