Finance
French trade deficit continues to narrow in 2024
Published by Global Banking & Finance Review®
Posted on February 7, 2025
1 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 7, 2025
1 min readLast updated: January 26, 2026
In 2024, France's trade deficit narrowed to 81 billion euros, aided by energy and manufactured goods. However, it remains below 2019 levels due to energy import costs.
(Reuters) - French trade deficit continued to narrow in 2024, the country's customs office said on Friday.
The deficit continued to recover for a second consecutive year after a historic low of more than 162 billion euros ($168.4 billion) in 2022.
It was around 81 billion euros in 2024, up from a deficit of around 100 billion euros in the prior year, customs data showed.
The improvement was driven by energy, and electricity in particular which reached a historic surplus, and manufactured goods, the customs said.
However, last year's trade balance remained 23 billion euros below that of 2019, mainly due to the cost of imported energy and a worsening balance in transport equipment.
($1 = 0.9622 euros)
(Reporting by Michal Aleksandrowicz)
The main topic is the narrowing of the French trade deficit in 2024, driven by improvements in energy and manufactured goods sectors.
The French trade deficit narrowed to 81 billion euros in 2024, down from over 162 billion euros in 2022.
The reduction was mainly due to a historic surplus in the energy sector, particularly electricity, and improvements in manufactured goods.
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