This is a historic record.

France recorded in 2021 the worst trade deficit in its history, at 84.7 billion euros, customs reported on Tuesday.

The balance of trade is weighed down mainly "by energy, and to a lesser extent, by manufactured products", specify the customs in their press release.

An increase in the energy bill

Foreign Trade Minister Franck Riester said during a press briefing that “it is important to look at the picture of our commercial activity” pointing in particular to a “record surplus in services, at 36.2 billion euros”.

“With regard to the balance of goods, the deterioration is mainly due to the increase in the energy bill of 17.9 billion euros”, he further indicated.

In addition, “strong export sectors are still below their 2019 level”, such as aeronautics which has only returned to 57% of its level before the health crisis, points out the minister.

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  • frank riester

  • Debt

  • Economy

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