Quick Answer: Does the US have a trade deficit with France?

What is our trade deficit with France?

A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2020, the trade deficit of goods in France amounted to about 94.01 billion U.S. dollars.

France: Trade balance of goods from 2010 to 2020 (in billion U.S. dollars)

Characteristic Trade balance in billion U.S. dollars

What countries does the US have a trade deficit with?


Country Exports Trade Deficit
China 123,676 343,078
European Union 276,142 142,059
Germany 49,363 73,897
Japan 66,827 67,117

Does the US have a trade deficit with the EU?

The U.S. goods and services trade deficit with the EU 27 was $130 billion in 2019. U.S. Goods trade (exports plus imports) with the EU 27 totaled $720 billion in 2019. Goods exports totaled $268 billion; goods imports totaled $452 billion. The U.S. goods trade deficit with The EU 27 was $184 billion in 2019.

Are there any trade barriers in France?

Tariffs and non-tariff barriers

France is part of the harmonised trade system of the EU and importing and exporting are covered by the EU Taxation and Customs Union. A Common External Tariff (CET) is applicable to other countries, including Australia. … Before shipping any goods, please consult French Customs.

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Who is France’s biggest trading partner?

France top 5 Export and Import partners

Exporter Trade (US$ Mil) Partner share(%)
Germany 95,070 14.78
China 59,564 9.26
Italy 48,591 7.55
United States 43,772 6.81

Which country does the US have the largest deficit with?

Top 20 countries with the largest deficit

Rank Country Year
1 United States 2019 EST.
2 United Kingdom 2019 EST.
3 Kenya 2019 EST.
4 Brazil 2019 EST.

What country does the US trade the most with?

Year-to-Date Total Trade

Rank Country Percent of Total Trade
Total, All Countries 100.0%
Total, Top 15 Countries 74.6%
1 China 16.9%
2 Canada 14.8%

What do the US and EU trade?

Total bilateral trade between the European Union and United States was over $1 trillion in 2020, with goods trade accounting for $755.76 billion, the United States exported $290.76 billion worth of goods to EU member nations, a decrease from $336 billion in 2019.