France’s Top Exports 2023

by Flagpictures.orgFormally the French Republic, France shipped US$634.3 billion worth of exported products around the globe in 2023.That dollar metric results from a 14% increase from $556.6 billion five years earlier in 2019.Year over year, the overall value of goods exported from France rose 4.5% compared to $606.9 billion for 2022.Based on the average exchange rate for 2023, France uses the euro which depreciated by -3.5% against the US dollar since 2019 but strengthened by 2.6% from 2022 to 2023. The weaker European Union currency compared to 2019 made France’s exports paid for in stronger US dollars relatively less expensive for international buyers.France’s 5 biggest export products by value in 2023 were aircraft including spacecraft, medication mixes in dosage, cars, turbojets, and automotive parts or accessories. In aggregate, those major exports accounted for 20.5% of overall exports sales from France. The commodities themselves suggest a relatively diversified range of exported goods.France ranks number one for exporting wine, ranks among world-leading nations for aircraft parts and is a major competitor for medications and other pharmaceutical shipments.France’s Best International Trade CustomersThe latest available country-specific data shows that 69.7% of products exported from France was bought by importers in: Germany (13.7% of the French total), Italy (8.9%), Belgium (8.1%), Spain (7.6%), United States of America (7.5%), United Kingdom (6.2%), mainland China (4.3%), Netherlands (3.9%), Switzerland (3.5%), Poland (2.5%), Türkiye (2%) and Singapore (1.7%).From a continental perspective, 66.8% of France’s exports by value was delivered to fellow European countries while 17.1% was sold to Asian importers. France shipped another 8.8% worth of goods to North America.Smaller percentages went to buyers in Africa (4.6%), Latin America (1.6%) excluding Mexico but including the Caribbean, then Oceania (1%) led by Australia.In addition, note that 55.9% of France’s exports sold in 2023 were bought by countries that are also members of the European Union.Given France’s population of 65.9 million people, its total $634.3 billion in 2023 exports translates to roughly $9,600 for every resident in the European Union member nation. That per-capita metric exceeds the average $9,200 one year earlier in 2022.The following export product groups represent the highest dollar value in French global shipments during 2023. Also shown is the percentage share each export category represents in terms of overall exports from France.Machinery including computers: US$73.6 billion (11.6% of total exports)Vehicles: $60.2 billion (9.5%)Electrical machinery, equipment: $49.7 billion (7.8%)Aircraft, spacecraft: $38.2 billion (6%)Pharmaceuticals: $38 billion (6%)Mineral fuels including oil: $30.9 billion (4.9%)Perfumes, cosmetics: $25.7 billion (4%)Plastics, plastic articles: $23.2 billion (3.7%)Beverages, spirits, vinegar: $21.9 billion (3.5%)Optical, technical, medical apparatus: $18.2 billion (2.9%)France’s top 10 exports accounted for 59.8% of the overall value of its global shipments.Vehicles represent the fastest-growing product category among the top 10 listed above, up by 20.7% since 2022.In second place for improving export sales was aircraft and spacecraft via a 16.3% increase.France’s shipments of machinery including computers posted the third-fastest gain in value, appreciating 14.2%.The leading decliner among France’s top 10 export categories was mineral fuels including oil, which fell -9.1% year over year.Note that the results listed above are at the categorized two-digit Harmonized Tariff System (HTS) code level. For a more granular view of exported goods at the four-digit HTS code level, see the section Searchable List of France’s Most Valuable Export Products further down below.Products Creating Trade Surpluses for FranceThe following types of French product shipments represent positive net exports or a trade balance surplus. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports.In a nutshell, net exports represent the amount by which foreign spending on a home country’s goods or services exceeds or lags the home country’s spending on foreign goods or services.Aircraft, spacecraft: US$25.4 billion (Up by 26.5% since 2022)Perfumes, cosmetics: $17.5 billion (Up by 9.6%)Beverages, spirits, vinegar: $15.3 billion (Down by -5.5%)Leather/animal gut articles: $8.2 billion (Up by 12.5%)Cereals: $7 billion (Down by -33.9%)Dairy, eggs, honey: $2.3 billion (Up by 17.1%)Live animals: $2.2 billion (Up by 2%)Other chemical goods: $2.1 billion (Up by 34.2%)Pharmaceuticals: $1.75 billion (Down by -66.7%)Gems, precious metals: $1.7 billion (Up by 40.5%)France has highly positive net exports in the international trade of aerospace products. In turn, these cashflows indicate France’s strong competitive advantages under the aircraft and spacecraft product category.Products Causing Trade Deficits for FranceFrance incurred an overall -US$140.5 billion trade deficit in 2023, shrinking by -31.4% from -$204.8 billion in red ink one year earlier in 2022.Below are exports from France that result in negative net exports or product trade balance deficits. These negative net exports reveal product categories where foreign spending on home country France’s goods trail French importer spending on foreign products.Mineral fuels including oil: -US$76.5 billion (Down by -38% since 2022)Vehicles: -$27.1 billion (Up by 15.3%)Electrical machinery, equipment: -$19.5 billion (Down by -0.6%)Machinery including computers: -$16.2 billion (Down by -20.3%)Furniture, bedding, lighting, signs, prefabricated buildings: -$8.1 billion (Down by -14.8%)Knit or crochet clothing, accessories: -$6.1 billion (Down by -20.8%)Optical, technical, medical apparatus: -$5.1 billion (Down by -14.4%)Fruits, nuts: -$4.9 billion (Up by 6%)Articles of iron or steel: -$4.8 billion (Down by -20%)Fish: -$4.3 billion (Down by -9.8%)France has highly negative net exports and therefore deep international trade deficits for mineral fuels-related resources, particularly for crude and refined oils, petroleum gases and coal.These cashflow deficiencies clearly indicate France’s competitive disadvantages in the international fuel market, but also represent key opportunities for France to improve its position in the global economy through focused innovations especially in alternative energy sources.France’s Major Export CompaniesFrance placed roughly 70 companies in the Forbes Global 2000 rankings. The following companies are examples of world-leading French companies.Air Liquide (specialized chemicals)Christian Dior (clothing, accessories)Danone (food processing)EADS (aerospace)Michelin Group (automotive parts)Pernod Ricard (beverages)Renault (cars, trucks)Safran (aerospace)Saint-Gobain (construction materials)Sanofi (pharmaceuticals)Schneider Electric (electrical equipment)Total (oil, gas)Global trade intelligence firm Zepol lists the following smaller French exporters. Selected examples are shown below.Hesnault (wines, jams, cheese)Mane Fils (aromatic materials)Transityre France (latex, transmission belts, vehicle tires) Searchable List of France’s Most Valuable Export ProductsThe following searchable table displays 100 of the most in-demand goods shipped from France during 2023. Shown beside each product label is its total export value then the percentage increase or decrease since 2022.RankFrance’s Export ProductValue (US$)Change1Aircraft, spacecraft$30,418,804,000+16.5%2Medication mixes in dosage$26,840,208,000+4%3Cars$24,637,430,000+17.7%4Turbo-jets$20,639,570,000+30.3%5Automobile parts/accessories$14,830,849,000+13.3%6Wine$12,941,101,000-0.1%7Cases, handbags, wallets$12,840,668,000+8.1%8Beauty/makeup/skin care preparations$11,985,622,000+12.2%9Petroleum gases$11,399,819,000-7.4%10Trucks$10,336,860,000+34.2%11Processed petroleum oils$10,293,261,000-4.6%12Integrated circuits/microassemblies$9,689,548,000-1.9%13Blood fractions (including antisera)$9,454,182,000-5.5%14Aircraft or spacecraft parts$7,635,599,000+15.1%15Perfumes, toilet waters$7,599,504,000+12.2%16Electrical energy$7,331,254,000-18.8%17Jewelry$6,832,002,000+13.7%18Tractors$6,490,526,000+32.4%19Heterocyclics, nucleic acids$6,000,637,000+57.9%20Alcohol (including spirits, liqueurs)$5,588,870,000-8.9%21Lower-voltage switches, fuses$5,343,317,000+8.2%22Cheese, curd$4,172,091,000+10.5%23Packaged insecticides/fungicides/herbicides$4,111,177,000+0.9%24Wheat$3,982,645,000-46.1%25Electro-medical equip (e.g. xrays)$3,963,668,000+8.2%26Miscellaneous animal feed preparations$3,698,115,000+9.5%27Miscellaneous plastic items$3,542,479,000+4.6%28Phone system devices$3,506,904,000-0.6%29Bread, biscuits, cakes, pastries$3,345,738,000+14.1%30Insulated wire/cable$3,281,707,000+7.5%31Centrifuges, filters and purifiers$3,232,100,000+4%32Scents used for beverage or industrial manufacturing$3,069,804,000+9.2%33Taps, valves, similar appliances$3,022,044,000+14.6%34Plastic packing goods, lids, caps$2,976,193,000+3.4%35Footwear (leather)$2,944,238,000+15.6%36Engines (diesel)$2,862,261,000+15.6%37Rubber tires (new)$2,757,103,000+4.3%38Flour/meal/starch/malt extract food preparations$2,672,566,000+20.6%39Iron or steel scrap$2,666,485,000-13.7%40Liquid pumps and elevators$2,619,451,000+6.9%41Women’s clothing (not knit or crochet)$2,538,453,000+16%42Computers, optical readers$2,511,098,000+8.5%43Electric motors, generators$2,502,940,000+20.1%44Gold (unwrought)$2,484,739,000+28.4%45Flat-rolled other alloy steel products$2,428,231,000-3.7%46Machinery parts$2,349,117,000+8.9%47Chemical industry products/residuals$2,338,405,000+3.1%48Air or vacuum pumps$2,336,199,000+13.1%49Electrical/optical circuit boards, panels$2,331,387,000+22.6%50Miscellaneous iron or steel items$2,294,052,000+1.9%51Anti-knock/oxidation/gum inhibitors$2,254,109,000-7.9%52Other food preparations$2,247,489,000+13.5%53Hot-rolled iron or non-alloy steel products$2,240,090,000-31.5%54Heavy machinery (bulldozers, excavators, road rollers)$2,215,528,000+36.2%55Cruise/cargo ships, barges$2,190,113,000-38.6%56Transmission shafts, gears, clutches$2,184,518,000+24%57Aluminum plates, sheets, strips$2,142,740,000-8.9%58Other organic cleaning preparations$2,131,792,000+0.9%59Jerseys, pullovers (knit or crochet)$2,110,114,000+10.3%60Orthopedic appliances$2,099,904,000+8.5%61Electrical converters/power units$2,081,312,000+14%62Barley$2,061,805,000+12.1%63Other diagnostic/lab reagents$2,038,250,000+12.3%64Footwear (textile)$2,019,238,000+18.8%65Refrigerators, freezers$2,016,684,000+11.6%66Corn$2,006,998,000-15.4%67Flat-rolled iron or non-alloy steel products (plated/coated)$1,945,127,000-31.1%68Radioactive chemical elements$1,904,206,000+16.1%69Miscellaneous machinery$1,787,109,000+0.4%70Regulate/control instruments$1,778,465,000+15.8%71Yachts, other pleasure/sports vessels$1,771,028,000+27.5%72Live bovine cattle$1,768,299,000+1.2%73Propylene/olefin polymers$1,763,708,000-2.6%74Fork-lift trucks$1,754,054,000+23.2%75Ball, roller bearings$1,749,801,000+4.2%76Chocolate, other cocoa preparations$1,726,025,000+19.1%77Electric water heaters, hair dryers$1,714,677,000+3.5%78Vinyl chloride polymers$1,707,307,000-17.7%79Iron and steel screws, bolts, nuts, washers$1,695,984,000+14.4%80Ethylene polymers$1,693,798,000-22%81Electric circuit parts, fuses, switches$1,644,163,000+4.3%82Electric storage batteries$1,612,493,000+25.1%83Miscellaneous furniture$1,601,531,000+1.7%84Piston engine parts$1,597,740,000+1.7%85Temperature-change machines$1,573,087,000+19.6%86Plastic plates, sheets, film, tape, strips$1,539,203,000-14.3%87Physical/chemical analysis tools$1,537,129,000+11.6%88Wrist/pocket watches (no precious metal case)$1,455,915,000+22.2%89X-ray equipment$1,434,871,000+1.9%90Acrylic polymers$1,431,106,000-14.7%91Vulcanized rubber items$1,427,270,000+9%92Coal tar oils (high temperature distillation)$1,403,438,000-0.6%93T-shirts, vests (knit or crochet)$1,391,497,000+5.6%94Hair preparations$1,385,352,000+18%95Piston engines$1,368,955,000-0.1%96Seats (excluding barber/dentist chairs)$1,368,799,000+9.5%97Printing machinery$1,348,352,000+10.5%98Tracksuits, swimwear (not knit or crochet)$1,342,821,000+12%99Sugar (cane or beet)$1,336,275,000+16.2%100Copper waste, scrap$1,315,653,000-13.2%These 100 exported goods were worth a subtotal of US$427.8 billion or over two-thirds (67.4%) by value for all products exported from France during 2023.In macroeconomic terms, France’s total exported goods represent 16.4% of its overall Gross Domestic Product for 2023 ($3.869 trillion valued in Purchasing Power Parity US dollars). That 16.4% for exports to overall GDP in PPP for 2023 mirrors that for 2022. Those percentages suggest a relatively stable reliance on products sold on international markets for France’s total economic performance, albeit that premise is based on a very short timeframe.Another key indicator of a country’s economic performance is its unemployment rate. France’s unemployment rate averaged 7.356% for 2023, up from an average 7.317% one year earlier according to statistics from the International Monetary Fund.France’s capital city is Paris.See also France’s Top 10 Imports, France’s Top Trading Partners and France’s Top 10 Major Export CompaniesResearch Sources:Central Intelligence Agency, The World Factbook Country Profiles. Accessed on March 22, 2024Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on March 22, 2024International Monetary Fund, Exchange Rates selected indicators (Domestic Currency per U.S. dollar, period average). Accessed on March 22, 2024International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on March 22, 2024International Trade Centre, Trade Map. Accessed on March 22, 2024Investopedia, Net Exports Definition. Accessed on March 22, 2024Richest Country Reports, Key Statistics Powering Global Wealth. Accessed on March 22, 2024SHIPHUB, HS Code for Food. Accessed on March 22, 2024Wikipedia, Gross domestic product. Accessed on March 22, 2024Wikipedia, List of Companies of France. Accessed on March 22, 2024Wikipedia, Purchasing power parity. Accessed on March 22, 2024Zepol’s company summary highlights by country. Accessed on March 22, 2024

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