United States (USA) and France (FRA) Trade

2022

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Exports $41.4BRnk 12 / 219

2022

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About

United States-France Trade: In 2022, United States exported $41.4B to France. The main products that United States exported to France were Petroleum Gas ($8.31B), Crude Petroleum ($5.9B), and Gas Turbines ($3.31B). Over the past 5 years the exports of United States to France have increased at an annualized rate of 6.08%, from $30.8B in 2017 to $41.4B in 2022.

In 2017, United States exported services to France worth $19.9B, with Travel ($4.4B), Other business services ($4.14B), and Financial services ($3.12B) being the largest in terms of value.

France-United States Trade: In 2022, France exported $50B to United States. The main products that France exported to United States were Gas Turbines ($4.57B), Packaged Medicaments ($4.09B), and Planes, Helicopters, and/or Spacecraft ($3.26B). Over the past 5 years the exports of France to United States have increased at an annualized rate of 5.09%, from $39B in 2017 to $50B in 2022.

In 2020, France exported services to United States worth $24.8B, with Other business services ($9.46B), Transportation ($6.14B), and Royalties and license fees ($3.25B) being the largest in terms of value.

Comparison: In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, France ranked 16 in the Economic Complexity Index (ECI 1.3), and 8 in total exports ($608B).

Company data: In 2023, leading companies such as IKEA Group (1.8k), Poclain Hydraulics (1.44k), and MISA Imports (1.31k) were at the forefront of exporting goods from France to the United States. Conversely, Other (2.74k), Unknown (799), and Bacardi Martini Prd Xp Log (798) were notable for importing products to France from the United States.

Latest Trends

August, 2024

About

Overview In August 2024, United States exported $3.2B and imported $4.75B from France, resulting in a negative trade balance of $1.55B. Between August 2023 and August 2024 the exports of United States have decreased by $-83.1M (-2.53%) from $3.28B to $3.2B, while imports decreased by $-575M (-10.8%) from $5.33B to $4.75B.

Trade In August 2024, the top exports of United States to France were Aircraft Parts ($637M), Petroleum Gas ($469M), Crude Petroleum ($460M), Commodities not elsewhere specified ($131M), and Coal Briquettes ($70.2M). In August 2024 the top imports of United States from France were Gas Turbines ($412M), Commodities not elsewhere specified ($304M), Planes, Helicopters, and/or Spacecraft ($272M), Packaged Medicaments ($269M), and Perfumes ($197M).

Origins In August 2024 the exports of United States were mainly from Texas ($485M), Kentucky ($399M), California ($194M), New York ($177M), and Maryland ($148M), while imports destinations were mainly New York ($622M), New Jersey ($502M), Texas ($365M), Georgia ($357M), and Florida ($330M).

Growth In August 2024, the decrease in United States's year-by-year exports to France was explained primarily by an decrease in product exports in Crude Petroleum ($-154M or -25.1%), Sculptures ($-26.2M or -83.8%), and Cars ($-25.9M or -74.6%). In August 2024, the decrease in United States's year-by-year imports from France was explained primarily by an decrease in product imports in Paintings ($-65.6M or -34.5%), Hard Liquor ($-41M or -18.6%), and Peptones ($-9.63M or -71.6%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (August 2023 - August 2024)$-83.1M(-2.53%)

IMPORT GROWTH (August 2023 - August 2024)$-575M(-10.8%)

MAIN EXPORTER (August 2024)Texas$485M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check France and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $41.4B to France. The main products exported from United States to France were Petroleum Gas ($8.31B), Crude Petroleum ($5.9B), and Gas Turbines ($3.31B). During the last 5 years the exports of United States to France have increased at an annualized rate of 6.08%, from $30.8B in 2017 to $41.4B in 2022.

In 2017, France exported $50B to United States. The main products exported from France to United States were Gas Turbines ($4.57B), Packaged Medicaments ($4.09B), and Planes, Helicopters, and/or Spacecraft ($3.26B). During the last 5 years the exports of France to United States have increased at an annualized rate of 5.09%, from $39B in 2022 to $50B in 2017.

Exports from United States () to France () (2022)

Exports from France () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

France
Top DestinationGermany$78.3B

This map shows whether countries import more from United States or France. Each country is colored based on the difference in imports they receive from United States and France or the difference in the growth in imports.

In 2022, countries that imported more from United States than France included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from France than United States included Italy ($56.4B), Belgium ($47.8B), and Spain ($46.4B).

Difference in imports from France () and United States () (2022)

Comparative Advantage United States - France

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between United States and France by product, considering products traded by both, United States and France.

During 2022, United States had a large net trade with France in the exports of Mineral Products ($16.3B), Machines ($9.49B), and Chemical Products ($4.65B).

During 2017, France had a large net trade with United States in the exports of Machines ($10.5B), Chemical Products ($10.1B), and Transportation ($7.72B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States France+$1.09BRefined Petroleum

Top Product Potential France United States+$888MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Fra Year

Usa Year

In 2017, United States exported services to France worth $19.9B, with Travel ($4.4B), Other business services ($4.14B), and Financial services ($3.12B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to France () (2017)

Services Exports from France () to United States () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of United States and France. This means that a dot/product with the flag of United States indicates it has a comparative advantage over France. Similarly, a dot/product with the flag of France indicates it has a comparative advantage over United States.

Product Space of United States () and France () (2022)

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