Importing from France

France Import Guide | Trade Finance Global

Importing from France

In recent years exports from France have increased to EU nations as well as to Asia and Africa, while trade with the Middle East, the United States, Switzerland and Turkey has fallen. France are the world’s largest producer of agricultural products and services and have been a member of the World Trade Organisation since 1995. The top products exported annually by France include planes and helicopters ($50 billion), packaged medicines ($27 billion), cars ($22 billion) and vehicle parts ($16 billion). Main trading partners include Germany ($82 billion), Belgium-Luxembourg ($50 billion) the United States ($40 billion) and the United Kingdom ($39 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 Exports Profile

Exports ($m USD)

523,385

Number of Export Products

4,347

Number of Export Partners

230

Top 5 export partners

Country

Trade

% Partner Share

Germany

77,61

14.83%

Spain

40,191

7.68%

Italy

39,738

7.59%

United States

38,414

7.34%

Belgium

36,488

6.97%

Top 5 Export Products at HS 6 digit level

Export Product

Number

Aircraft nes of an unladen weight exceeding 15,

8.4%

Other medicaments of mixed or unmixed products,

4.7%

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

4.2%

Automobiles with diesel engine displacing more

3.0%

Parts of turbo-jets or turbo-propellers

2.4%

Chart Showing GDP Growth Compared to rest of world

GDP Composition for France

Agriculture

%

Product List

1.7%

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

Industry

%

Industry List

19.4%

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

Services

%

Service List

78.8%

Importing from France: What is trade finance?

Trade finance is a revolving facility which lenders offer – it enables businesses to purchase products and can help ease the pressure from working capital issues.

Generally, an export finance bank will fund up to 100% of the cost of the products, including charges (e.g. insurance costs).

Trade finance offers upsides over more traditional bank finance for example bridging mortgages or loans. Trade finance provides quick funding without affecting existing relationships with banks.

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

I’m looking to import from France, how can Trade Finance Global help, and how does it work?
If you’re looking to import inventory from other countries, you may require import finance, which is an agreement between yourself (the importer) and the foreign exporter. A non-bank lender will act as the intermediary, paying the foreign exporter on your behalf until you get the products and have then sold them to your buyer. Repaying the financier then occurs over an agreed period of time.

Information

Importing from France? Contact our local experts

France Economic Statistics

Government Website

https://www.gouver nement.fr/en/news

Sovereign Ratings

https://countryeconomy .com/ratings/france

Central Bank

Banque de France

Currency USD Exchange Rate

9214

Unemployment Rate

9.7%

Population below poverty line

0,14

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

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