France

France ranked No. 14 in total trade value through May with a total of $29.96 billion. Exports totaled $12.91 billion and Imports totaled $17.04 billion, a deficit of $4.13 billion.

U.S. trade with France rose to $25.92 billion through May

France’s trade with the United States rose to $25.92 billion through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 21.15 percent below its total trade during the same time period last year. U.S. exports to France decreased 13.04 percent while U.S. imports from France fell 26.51 percent. The U.S. deficit with France was $3.15 billion.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 John F. Kennedy International Airport; No. 3 Chicago O’Hare International Airport; No. 4 Port of New Orleans; and No. 5 Cleveland’s Hopkins International Airport, Ohio. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport; No. 2 Port of Newark; No. 3 Cincinnati/Northern Kentucky International Airport; No. 4 Chicago O’Hare International Airport and No. 5 Port of New Orleans. In the current time period, the top five accounted for 37.48 percent of France’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 23.2 percent to $3.03 billion.
    Exports fell 66.8 percent to $108.22 million. Imports fell 19.27 percent to $2.92 billion.
  • Trade with No. 2 John F. Kennedy International Airport fell 35.99 percent to $3 billion.
    Exports fell 18.99 percent to $1.58 billion. Imports fell 48.14 percent to $1.42 billion.
  • Trade with No. 3 Chicago O’Hare International Airport fell 27.83 percent to $1.79 billion.
    Exports fell 26.42 percent to $945.55 million. Imports fell 29.33 percent to $849.29 million.
  • Trade with No. 4 Port of New Orleans fell 21.3 percent to $1.78 billion.
    Exports fell 13.07 percent to $832.84 million. Imports fell 27.35 percent to $946.45 million.
  • Trade with No. 5 Cleveland’s Hopkins International Airport, Ohio fell 6.63 percent to $1.62 billion.
    Exports fell 8.32 percent to $1.16 billion. Imports fell 2.16 percent to $468.21 million.

France ranked No. 14 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 8.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to France by value through May were the categories of Civilian aircraft, parts; Oil; LNG, other petroleum gases; Plasma, vaccines, blood; and Low value shipments, respectively. They accounted for 44.16 percent of total exports to France.

The value of the top five categories of U.S. imports from France –– Satellites, related equipment; Misc. aircraft parts; Returned exports, without change; Rum, gin, vodka, other liquors; and Wine –– accounted for 39.6 percent of all inbound shipments.

Looking more closely at U.S. exports to France:

  • Civilian aircraft, parts fell 35.72 percent compared to last year to $3.96 billion.
  • Oil rose 48.7 percent compared to last year to $576.79 million.
  • LNG, other petroleum gases rose 63.48 percent compared to last year to $526 million.
  • Plasma, vaccines, blood rose 78.19 percent compared to last year to $322.96 million.
  • Low value shipments fell 18.64 percent compared to last year to $313.97 million.

Looking more closely at U.S. imports from France:

  • Satellites, related equipment fell 3.43 percent compared to last year to $2.49 billion.
  • Misc. aircraft parts fell 60.25 percent compared to last year to $1.63 billion.
  • Returned exports, without change fell 46.64 percent compared to last year to $1.04 billion.
  • Rum, gin, vodka, other liquors fell 13.05 percent compared to last year to $893.36 million.
  • Wine fell 20.46 percent compared to last year to $694.66 million.

In the latest annual figures available, France recorded $95.22 billion in trade with the United States. Total U.S. exports to France were $ 37.77 billion and imports from France were $57.45 billion. The U.S. deficit with France was $19.68 billion.