Exporting to France

France Export Guide | Trade Finance Global

Exporting to France

France is the world’s 7th largest importer and the world’s 7th largest economy (in terms of GDP). France is home to Europe’s largest banking, aerospace and nuclear industries, the second largest agricultural and chemical industries and the third largest communications technology and pharmaceutical sectors. It also has the world’s largest tourism industry with 80 million annual visitors bringing in about €77 billion.

France Country Profile

Official Name (Local Language) Republique Francaise
Capital Paris
Population 66,836,154
Currency Euro
GDP $2,488 billion
Languages French
Telephone Dial In 33

France Imports Profile

Imports ($m USD)

613,133

Number of Import Products

4,546

Number of Import Partners

234

Top 5 import partners

Country

Trade

% Partner Share

Germany

97,082

15.83

China

55,401

9.04

Italy

47,045

7.67

Belgium

41,279

6.73

United States

39,677

6.47

Top 5 Import Products at HS 6 digit level

Export Product

Number

Petroleum oils and oils obtained from bituminou

5.7%

Petroleum oils, etc, (excl. crude); preparation

3.9%

Aircraft parts nes

3.3%

Automobiles with diesel engine displacing more

3.0%

Turbo-jets of a thrust exceeding 25 KN

2.7%

Chart Showing GDP Growth Compared to rest of world

GDP Composition for France

Agriculture

%

Products List

1.7%

Wheat, cereals, sugar beets, potatoes, wine grapes; beef, dairy products; fish

Industry

%

Products List

19.4%

Machinery, chemicals, automobiles, metallurgy, aircraft, electronics; textiles, food processing; tourism

Services

%

Products List

78.8%

Exporting to France What is trade finance?

Export finance is a revolving facility which lenders offer financing options – it enables businesses to buy goods and can help ease cash flow problems.

Often, an alternative financier will fund all of the cost of the goods, including charges (e.g. taxes).

Trade finance offers benefits over more traditional bank funding such as bridging mortgages or business loans. Trade finance provides quick funding without affecting existing bank relationships.

How does it work?
If you’re a company importing or exporting goods around the world, then a trade finance facility would help you to fund this through offering a LC (letter of credit) or some form of cash advance.

I’m looking to export to France, how can Trade Finance Global help, and how does it work?
If you’re looking to export inventory to other countries, you may require finance for exporting, which is a commercial agreement between you (the exporter), and the importer. An alternative financier will advance you the cost of producing the stock supplies that you are exporting (as a loan), either once you have sent the goods, or before producing them. Once the importer has received the stock supplies and pays you for the import, you will repay the advance from the export bank over an agreed period.

Information

Exporting to France? Contact our local experts

France Economic Statistics

Government Website

https://www.gouvernement.fr/en/news

Sovereign Ratings

https://countryeconomy.com/ratings/france

Central Bank

Banque de France

Currency USD Exchange Rate

0.9214

Unemployment Rate

9.7%

Population below poverty line

14%

Inflation Rate

0.3%

Prime Lending Rate

0%

GDP

$2,488 billion

GDP Pro Capita (PPP)

$42,400

Currency Name

Euro

Currency Code

EUR

World Bank Classification

High Income

Competitive Industrial Performance

21/138

Corruption Perceptions Index

23/180

Ease of Doing Business

32/190

Enabling Trade Index

13/136

Currency in France

About the Author

Brian Canup is the Business Development Executive at Trade Finance Global (TFG).

Brian holds a BA in Political Science from the University of Wisconsin-Madison and an MA in International Political Economy from King’s College London.

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