Press release French foreign trade results for the first half of 2022 (05 August 2022)
Olivier Becht, Minister Delegate for Foreign Trade, Economic Attractiveness and French Nationals Abroad, attached to the Minister for Europe and Foreign Affairs, presented the foreign trade results for the first half of 2022, published this Friday 5 August, by the General Directorate of Customs [and Excise] and the Bank of France.
While posting excellent results in the services sector and maintaining economic attractiveness, France nevertheless shares the general deterioration of the trade balance in Europe. This deterioration is mainly due to the increase in the energy bill in the context of Russian aggression in Ukraine and the impact of the pandemic on the aerospace and tourism sectors, which are essential for our exports. France’s global market share, which has been stable for ten years, thus fell slightly between 2019 and 2021 due to the pandemic, before stabilizing in the first quarter of 2022.
According to Olivier Becht, Minister Delegate to the Minister for Europe and Foreign Affairs, “In a world greatly upset since Russia’s aggression against Ukraine, France is experiencing the same fate as the main countries of the European Union: they have all seen their trade balance deteriorate since the beginning of the year. 2022 due to the explosion in energy prices. . But at the same time, the resilience of our economy is confirmed: sectoral surpluses are strengthening, the services surplus is breaking records and France remains the most attractive country in Europe. The crisis situation forces us to redouble our efforts to support our exporting companies, in particular SMEs and ETIs, thanks to Team France Export. I will be working in the field myself tomorrow, going “door to door” country by country, to promote our businesses. My priority will be to secure export outlets for our strategic industries in ? from the outset, and attract to France all the skills and all the investments that we will need. Under the authority of the Minister for Europe and Foreign Affairs, I intend to place this offensive economic diplomacy, which will rely on our diplomatic network and our [economic] operators, at the service of our industrial, digital and energy sovereignty, and thus contribute to the success of France 2030.”