Overview
- Exports rose 2.5% to €614.7 billion while imports edged up 0.7% to €703.6 billion, helped by a lower energy bill.
- The agri‑food surplus plunged to €200 million and the raw agricultural balance slipped to about €-300 million, with higher imports of cocoa, coffee and rapeseed seeds cited as key drivers.
- French sales to the United States held up better than those of other European countries despite higher U.S. tariffs and an unfavorable exchange rate, though non‑aeronautics exports fell sharply at year‑end.
- Fourth‑quarter declines hit emblematic categories, including spirits (-47%), wines (-39%), perfumes and cosmetics (-25%) and leather goods (-15%).
- The services surplus reached about €55–56 billion, yet the overall current account showed a €12.5 billion deficit in 2025 as the goods gap remained €11.1 billion wider than in 2019; the government set export targets of €650 billion by 2027 and €700 billion by 2030.